Total monthly cost of ownership
Cost to Own a Home in Rocky Top, Tennessee
A $112,000 home here costs
$977per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $576. The real number is $401 higher every month — 70% 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.
Rocky Top against Anderson County and Tennessee
| Measure | Rocky Top | Anderson County |
|---|---|---|
| Median home value | $112,200 | $215,800 |
| Median property tax | $747 | $1,333 |
| Effective tax rate | 0.666% | 0.618% |
| Median gross rent | $697 | $960 |
| Population | 1,830 | 78,175 |
Rocky Top extends across 2 counties. Figures here use Anderson County, where most of its housing sits.
The weather behind that power bill
Rocky Top sits in Anderson County, which averages a high of 89.1°F in its hottest month and a low of 30.0°F in its coldest, with 55.53" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,629 cooling and 3,483 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Anderson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Anderson County
Full Anderson County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Rocky Top?
A $112,000 home in Rocky Top, Tennessee costs approximately $977 per month with 20% down at 6.66%. That is $576 principal and interest, $62 property tax, $47 homeowners insurance, $198 utilities and $93 set aside for maintenance.
What is the property tax rate in Rocky Top?
Rocky Top has an effective property tax rate of 0.666%, based on a median home value of $112,200 and median real estate taxes of $747. That is higher than the Anderson County average of 0.618%.
What is the average home price in Rocky Top?
The median owner-occupied home value in Rocky Top, Tennessee is $112,200, against $215,800 across Anderson County.
Is it cheaper to rent or buy in Rocky Top?
Median gross rent in Rocky Top is $697 a month, against $977 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 Rocky Top — 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.