Total monthly cost of ownership
Cost to Own a Home in Nashville, North Carolina
A $192,000 home here costs
$1,615per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $69,000 a year.
A standard mortgage calculator would have told you $1,047. The real number is $568 higher every month, 54% more than the payment most buyers budget for.
Compare Nash County with anywhere in America · full county breakdown
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 $152 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
Talk to someone who works this market
These are Nashville averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Nashville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Nashville I already own here and may sell
Common questions
How much does it cost to own a home in Nashville?
A $192,000 home in Nashville, North Carolina costs approximately $1,615 per month with 20% down at 7.24%. That is $1,047 principal and interest, $119 property tax, $70 homeowners insurance, $220 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 $1,615 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Nashville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Nashville, North Carolina at today's rate takes a household income of roughly $69,000 a year. That covers the full $1,615 monthly cost, not just the mortgage payment.
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.