Total monthly cost of ownership
Cost to Own a Home in Pikeville, Tennessee
A $156,000 home here costs
$1,259per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $802. The real number is $457 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.
Pikeville against Bledsoe County and Tennessee
| Measure | Pikeville | Bledsoe County |
|---|---|---|
| Median home value | $155,500 | $165,400 |
| Median property tax | $756 | $671 |
| Effective tax rate | 0.486% | 0.406% |
| Median gross rent | $575 | $779 |
| Population | 2,653 | 14,905 |
The weather behind that power bill
Pikeville sits in Bledsoe County, which averages a high of 88.2°F in its hottest month and a low of 30.1°F in its coldest, with 56.21" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,430 cooling and 3,483 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Bledsoe County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bledsoe County
No other places of this size are published in Bledsoe County.
Full Bledsoe County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Pikeville?
A $156,000 home in Pikeville, Tennessee costs approximately $1,259 per month with 20% down at 6.66%. That is $802 principal and interest, $63 property tax, $66 homeowners insurance, $198 utilities and $130 set aside for maintenance.
What is the property tax rate in Pikeville?
Pikeville has an effective property tax rate of 0.486%, based on a median home value of $155,500 and median real estate taxes of $756. That is higher than the Bledsoe County average of 0.406%.
What is the average home price in Pikeville?
The median owner-occupied home value in Pikeville, Tennessee is $155,500, against $165,400 across Bledsoe County.
Is it cheaper to rent or buy in Pikeville?
Median gross rent in Pikeville is $575 a month, against $1,259 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 Pikeville — 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.