Total monthly cost of ownership
Cost to Own a Home in Pegram, Tennessee
A $337,000 home here costs
$2,657per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $114,000 a year.
A standard mortgage calculator would have told you $1,837. The real number is $819 higher every month, 45% more than the payment most buyers budget for.
Compare Cheatham County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Pegram from a five-year rolling sample, and with about 2,216 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Cheatham County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Pegram against Cheatham County and Tennessee
| Measure | Pegram | Cheatham County |
|---|---|---|
| Median home value | $337,400 | $291,400 |
| Median property tax | $2,087 | $1,479 |
| Effective tax rate | 0.619% | 0.508% |
| Median gross rent | $1,481 | $1,274 |
| Population | 2,216 | 41,500 |
The weather behind that power bill
Pegram sits in Cheatham County, which averages a high of 87.6°F in its hottest month and a low of 26.8°F in its coldest, with 52.04" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,328 cooling and 4,037 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for Cheatham County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cheatham County
Full Cheatham County cost breakdown · Every county in Tennessee
Talk to someone who works this market
These are Pegram averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Pegram every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Pegram I already own here and may sell
Common questions
How much does it cost to own a home in Pegram?
A $337,000 home in Pegram, Tennessee costs approximately $2,657 per month with 20% down at 7.24%. That is $1,837 principal and interest, $174 property tax, $142 homeowners insurance, $223 utilities and $281 set aside for maintenance.
What is the property tax rate in Pegram?
Pegram has an effective property tax rate of 0.619%, based on a median home value of $337,400 and median real estate taxes of $2,087. That is higher than the Cheatham County average of 0.508%.
What is the average home price in Pegram?
The median owner-occupied home value in Pegram, Tennessee is $337,400, against $291,400 across Cheatham County.
Is it cheaper to rent or buy in Pegram?
Median gross rent in Pegram is $1,481 a month, against $2,657 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Pegram?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Pegram, Tennessee at today's rate takes a household income of roughly $114,000 a year. That covers the full $2,657 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Pegram, 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.