Total monthly cost of ownership
Cost to Own a Home in New Tazewell, Tennessee
A $163,000 home here costs
$1,294per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $838. The real number is $456 higher every month — 54% 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.
New Tazewell against Claiborne County and Tennessee
| Measure | New Tazewell | Claiborne County |
|---|---|---|
| Median home value | $162,500 | $148,000 |
| Median property tax | $644 | $728 |
| Effective tax rate | 0.396% | 0.492% |
| Median gross rent | $690 | $736 |
| Population | 2,779 | 32,221 |
The weather behind that power bill
New Tazewell sits in Claiborne County, which averages a high of 84.7°F in its hottest month and a low of 22.8°F in its coldest, with 54.68" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 893 cooling and 4,786 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Claiborne County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Claiborne County
Full Claiborne County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in New Tazewell?
A $163,000 home in New Tazewell, Tennessee costs approximately $1,294 per month with 20% down at 6.66%. That is $838 principal and interest, $54 property tax, $69 homeowners insurance, $198 utilities and $136 set aside for maintenance.
What is the property tax rate in New Tazewell?
New Tazewell has an effective property tax rate of 0.396%, based on a median home value of $162,500 and median real estate taxes of $644. That is lower than the Claiborne County average of 0.492%.
What is the average home price in New Tazewell?
The median owner-occupied home value in New Tazewell, Tennessee is $162,500, against $148,000 across Claiborne County.
Is it cheaper to rent or buy in New Tazewell?
Median gross rent in New Tazewell is $690 a month, against $1,294 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 New Tazewell — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Tennessee.
- 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.