Total monthly cost of ownership
Cost to Own a Home in Oneida, Tennessee
A $164,000 home here costs
$1,321per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $843. The real number is $478 higher every month — 57% 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.
Oneida against Scott County and Tennessee
| Measure | Oneida | Scott County |
|---|---|---|
| Median home value | $164,000 | $116,800 |
| Median property tax | $891 | $616 |
| Effective tax rate | 0.543% | 0.527% |
| Median gross rent | $806 | $691 |
| Population | 3,793 | 21,969 |
The weather behind that power bill
Oneida sits in Scott County, which averages a high of 85.4°F in its hottest month and a low of 24.5°F in its coldest, with 58.12" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 958 cooling and 4,548 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Scott County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Scott County
Full Scott County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Oneida?
A $164,000 home in Oneida, Tennessee costs approximately $1,321 per month with 20% down at 6.66%. That is $843 principal and interest, $74 property tax, $69 homeowners insurance, $198 utilities and $137 set aside for maintenance.
What is the property tax rate in Oneida?
Oneida has an effective property tax rate of 0.543%, based on a median home value of $164,000 and median real estate taxes of $891. That is higher than the Scott County average of 0.527%.
What is the average home price in Oneida?
The median owner-occupied home value in Oneida, Tennessee is $164,000, against $116,800 across Scott County.
Is it cheaper to rent or buy in Oneida?
Median gross rent in Oneida is $806 a month, against $1,321 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 Oneida — 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.