Total monthly cost of ownership
Cost to Own a Home in Newbern, Tennessee
A $93,000 home here costs
$843per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $478. The real number is $365 higher every month — 76% 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.
Newbern against Dyer County and Tennessee
| Measure | Newbern | Dyer County |
|---|---|---|
| Median home value | $92,700 | $159,500 |
| Median property tax | $597 | $966 |
| Effective tax rate | 0.644% | 0.606% |
| Median gross rent | $802 | $760 |
| Population | 3,313 | 36,681 |
The weather behind that power bill
Newbern sits in Dyer County, which averages a high of 90.1°F in its hottest month and a low of 29.2°F in its coldest, with 53.25" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,830 cooling and 3,585 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Dyer County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Dyer County
Common questions
How much does it cost to own a home in Newbern?
A $93,000 home in Newbern, Tennessee costs approximately $843 per month with 20% down at 6.66%. That is $478 principal and interest, $50 property tax, $39 homeowners insurance, $198 utilities and $78 set aside for maintenance.
What is the property tax rate in Newbern?
Newbern has an effective property tax rate of 0.644%, based on a median home value of $92,700 and median real estate taxes of $597. That is higher than the Dyer County average of 0.606%.
What is the average home price in Newbern?
The median owner-occupied home value in Newbern, Tennessee is $92,700, against $159,500 across Dyer County.
Is it cheaper to rent or buy in Newbern?
Median gross rent in Newbern is $802 a month, against $843 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 Newbern — 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.