Total monthly cost of ownership
Cost to Own a Home in Rockwood, Tennessee
A $132,000 home here costs
$1,103per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $679. The real number is $424 higher every month — 63% 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.
Rockwood against Roane County and Tennessee
| Measure | Rockwood | Roane County |
|---|---|---|
| Median home value | $132,100 | $212,300 |
| Median property tax | $727 | $1,172 |
| Effective tax rate | 0.550% | 0.552% |
| Median gross rent | $725 | $767 |
| Population | 5,510 | 54,403 |
The weather behind that power bill
Rockwood sits in Roane County, which averages a high of 87.7°F in its hottest month and a low of 27.9°F in its coldest, with 58.81" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,460 cooling and 3,832 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Roane County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Roane County
Full Roane County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Rockwood?
A $132,000 home in Rockwood, Tennessee costs approximately $1,103 per month with 20% down at 6.66%. That is $679 principal and interest, $61 property tax, $56 homeowners insurance, $198 utilities and $110 set aside for maintenance.
What is the property tax rate in Rockwood?
Rockwood has an effective property tax rate of 0.550%, based on a median home value of $132,100 and median real estate taxes of $727. That is in line with the Roane County average of 0.552%.
What is the average home price in Rockwood?
The median owner-occupied home value in Rockwood, Tennessee is $132,100, against $212,300 across Roane County.
Is it cheaper to rent or buy in Rockwood?
Median gross rent in Rockwood is $725 a month, against $1,103 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 Rockwood — 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.