Total monthly cost of ownership
Cost to Own a Home in Ridgetop, Tennessee
A $301,000 home here costs
$2,268per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,547. The real number is $720 higher every month — 47% 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.
Ridgetop against Davidson County and Tennessee
| Measure | Ridgetop | Davidson County |
|---|---|---|
| Median home value | $301,300 | $386,600 |
| Median property tax | $1,734 | $2,390 |
| Effective tax rate | 0.576% | 0.618% |
| Median gross rent | $1,179 | $1,485 |
| Population | 2,198 | 709,846 |
Ridgetop extends across 2 counties. Figures here use Davidson County, where most of its housing sits.
The weather behind that power bill
Ridgetop sits in Davidson County, which averages a high of 90.9°F in its hottest month and a low of 30.1°F in its coldest, with 50.51" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,873 cooling and 3,364 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Davidson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Davidson County
Full Davidson County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Ridgetop?
A $301,000 home in Ridgetop, Tennessee costs approximately $2,268 per month with 20% down at 6.66%. That is $1,547 principal and interest, $144 property tax, $127 homeowners insurance, $198 utilities and $251 set aside for maintenance.
What is the property tax rate in Ridgetop?
Ridgetop has an effective property tax rate of 0.576%, based on a median home value of $301,300 and median real estate taxes of $1,734. That is lower than the Davidson County average of 0.618%.
What is the average home price in Ridgetop?
The median owner-occupied home value in Ridgetop, Tennessee is $301,300, against $386,600 across Davidson County.
Is it cheaper to rent or buy in Ridgetop?
Median gross rent in Ridgetop is $1,179 a month, against $2,268 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 Ridgetop — 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.