Total monthly cost of ownership
Cost to Own a Home in Red Boiling Springs, Tennessee
A $177,000 home here costs
$1,393per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $910. The real number is $483 higher every month — 53% 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.
Red Boiling Springs against Macon County and Tennessee
| Measure | Red Boiling Springs | Macon County |
|---|---|---|
| Median home value | $177,000 | $211,200 |
| Median property tax | $750 | $858 |
| Effective tax rate | 0.424% | 0.406% |
| Median gross rent | $774 | $805 |
| Population | 1,394 | 25,793 |
The weather behind that power bill
Red Boiling Springs sits in Macon County, which averages a high of 87.7°F in its hottest month and a low of 25.3°F in its coldest, with 54.96" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,289 cooling and 4,293 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Macon County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Macon County
Full Macon County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Red Boiling Springs?
A $177,000 home in Red Boiling Springs, Tennessee costs approximately $1,393 per month with 20% down at 6.66%. That is $910 principal and interest, $63 property tax, $74 homeowners insurance, $198 utilities and $148 set aside for maintenance.
What is the property tax rate in Red Boiling Springs?
Red Boiling Springs has an effective property tax rate of 0.424%, based on a median home value of $177,000 and median real estate taxes of $750. That is higher than the Macon County average of 0.406%.
What is the average home price in Red Boiling Springs?
The median owner-occupied home value in Red Boiling Springs, Tennessee is $177,000, against $211,200 across Macon County.
Is it cheaper to rent or buy in Red Boiling Springs?
Median gross rent in Red Boiling Springs is $774 a month, against $1,393 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 Red Boiling Springs — 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.