Total monthly cost of ownership
Cost to Own a Home in Oak Grove CDP (Washington County), Tennessee
A $241,000 home here costs
$1,834per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,239. The real number is $595 higher every month — 48% 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.
Oak Grove CDP (Washington County) against Washington County and Tennessee
| Measure | Oak Grove CDP (Washington County) | Washington County |
|---|---|---|
| Median home value | $241,100 | $231,700 |
| Median property tax | $1,131 | $1,278 |
| Effective tax rate | 0.469% | 0.552% |
| Median gross rent | $833 | $951 |
| Population | 4,483 | 134,693 |
The weather behind that power bill
Oak Grove CDP (Washington County) sits in Washington County, which averages a high of 86.4°F in its hottest month and a low of 26.3°F in its coldest, with 43.97" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,105 cooling and 4,150 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Washington County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Washington County
Full Washington County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Oak Grove CDP (Washington County)?
A $241,000 home in Oak Grove CDP (Washington County), Tennessee costs approximately $1,834 per month with 20% down at 6.66%. That is $1,239 principal and interest, $94 property tax, $101 homeowners insurance, $198 utilities and $201 set aside for maintenance.
What is the property tax rate in Oak Grove CDP (Washington County)?
Oak Grove CDP (Washington County) has an effective property tax rate of 0.469%, based on a median home value of $241,100 and median real estate taxes of $1,131. That is lower than the Washington County average of 0.552%.
What is the average home price in Oak Grove CDP (Washington County)?
The median owner-occupied home value in Oak Grove CDP (Washington County), Tennessee is $241,100, against $231,700 across Washington County.
Is it cheaper to rent or buy in Oak Grove CDP (Washington County)?
Median gross rent in Oak Grove CDP (Washington County) is $833 a month, against $1,834 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 Oak Grove CDP (Washington County) — 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.