Total monthly cost of ownership
Cost to Own a Home in Obion, Tennessee
A $91,000 home here costs
$824per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $468. The real number is $356 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.
Obion against Obion County and Tennessee
| Measure | Obion | Obion County |
|---|---|---|
| Median home value | $91,300 | $122,700 |
| Median property tax | $531 | $697 |
| Effective tax rate | 0.582% | 0.568% |
| Median gross rent | $870 | $770 |
| Population | 1,088 | 30,570 |
The weather behind that power bill
Obion sits in Obion County, which averages a high of 88.4°F in its hottest month and a low of 26.9°F in its coldest, with 53.79" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,526 cooling and 4,060 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Obion County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Obion County
Full Obion County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Obion?
A $91,000 home in Obion, Tennessee costs approximately $824 per month with 20% down at 6.66%. That is $468 principal and interest, $44 property tax, $38 homeowners insurance, $198 utilities and $76 set aside for maintenance.
What is the property tax rate in Obion?
Obion has an effective property tax rate of 0.582%, based on a median home value of $91,300 and median real estate taxes of $531. That is higher than the Obion County average of 0.568%.
What is the average home price in Obion?
The median owner-occupied home value in Obion, Tennessee is $91,300, against $122,700 across Obion County.
Is it cheaper to rent or buy in Obion?
Median gross rent in Obion is $870 a month, against $824 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Obion — 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.