Total monthly cost of ownership
Cost to Own a Home in Nashville, North Carolina
A $192,000 home here costs
$1,539per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $987. The real number is $552 higher every month — 56% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Nashville against Nash County and North Carolina
| Measure | Nashville | Nash County |
|---|---|---|
| Median home value | $191,700 | $171,100 |
| Median property tax | $1,420 | $1,320 |
| Effective tax rate | 0.741% | 0.771% |
| Median gross rent | $1,009 | $924 |
| Population | 5,672 | 95,451 |
The weather behind that power bill
Nashville sits in Nash County, which averages a high of 90.5°F in its hottest month and a low of 30.8°F in its coldest, with 44.38" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,681 cooling and 3,271 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Nash County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Nash County
Full Nash County cost breakdown · Every county in North Carolina
Common questions
How much does it cost to own a home in Nashville?
A $192,000 home in Nashville, North Carolina costs approximately $1,539 per month with 20% down at 6.66%. That is $987 principal and interest, $119 property tax, $70 homeowners insurance, $204 utilities and $160 set aside for maintenance.
What is the property tax rate in Nashville?
Nashville has an effective property tax rate of 0.741%, based on a median home value of $191,700 and median real estate taxes of $1,420. That is lower than the Nash County average of 0.771%.
What is the average home price in Nashville?
The median owner-occupied home value in Nashville, North Carolina is $191,700, against $171,100 across Nash County.
Is it cheaper to rent or buy in Nashville?
Median gross rent in Nashville is $1,009 a month, against $1,539 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Nashville — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for North Carolina.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.