Total monthly cost of ownership
Cost to Own a Home in Paris, Tennessee
A $143,000 home here costs
$1,181per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $735. The real number is $445 higher every month — 61% 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.
Paris against Henry County and Tennessee
| Measure | Paris | Henry County |
|---|---|---|
| Median home value | $142,700 | $145,200 |
| Median property tax | $815 | $700 |
| Effective tax rate | 0.571% | 0.482% |
| Median gross rent | $763 | $741 |
| Population | 10,313 | 32,345 |
The weather behind that power bill
Paris sits in Henry County, which averages a high of 88.2°F in its hottest month and a low of 26.6°F in its coldest, with 55.04" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,471 cooling and 3,978 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Henry County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Henry County
No other places of this size are published in Henry County.
Full Henry County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Paris?
A $143,000 home in Paris, Tennessee costs approximately $1,181 per month with 20% down at 6.66%. That is $735 principal and interest, $68 property tax, $60 homeowners insurance, $198 utilities and $119 set aside for maintenance.
What is the property tax rate in Paris?
Paris has an effective property tax rate of 0.571%, based on a median home value of $142,700 and median real estate taxes of $815. That is higher than the Henry County average of 0.482%.
What is the average home price in Paris?
The median owner-occupied home value in Paris, Tennessee is $142,700, against $145,200 across Henry County.
Is it cheaper to rent or buy in Paris?
Median gross rent in Paris is $763 a month, against $1,181 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 Paris — 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.