Total monthly cost of ownership
Cost to Own a Home in Piperton, Tennessee
A $550,000 home here costs
$3,892per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,828. The real number is $1,065 higher every month — 38% 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.
Piperton against Fayette County and Tennessee
| Measure | Piperton | Fayette County |
|---|---|---|
| Median home value | $550,200 | $316,000 |
| Median property tax | $2,122 | $1,092 |
| Effective tax rate | 0.386% | 0.346% |
| Median gross rent | $1,229 | $883 |
| Population | 2,457 | 42,653 |
The weather behind that power bill
Piperton sits in Fayette County, which averages a high of 90.4°F in its hottest month and a low of 29.9°F in its coldest, with 54.87" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,871 cooling and 3,227 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Fayette County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Fayette County
Full Fayette County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Piperton?
A $550,000 home in Piperton, Tennessee costs approximately $3,892 per month with 20% down at 6.66%. That is $2,828 principal and interest, $177 property tax, $231 homeowners insurance, $198 utilities and $458 set aside for maintenance.
What is the property tax rate in Piperton?
Piperton has an effective property tax rate of 0.386%, based on a median home value of $550,200 and median real estate taxes of $2,122. That is higher than the Fayette County average of 0.346%.
What is the average home price in Piperton?
The median owner-occupied home value in Piperton, Tennessee is $550,200, against $316,000 across Fayette County.
Is it cheaper to rent or buy in Piperton?
Median gross rent in Piperton is $1,229 a month, against $3,892 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 Piperton — 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.