Total monthly cost of ownership
Cost to Own a Home in Rutledge, Tennessee
A $152,000 home here costs
$1,221per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $781. The real number is $440 higher every month — 56% 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.
Rutledge against Grainger County and Tennessee
| Measure | Rutledge | Grainger County |
|---|---|---|
| Median home value | $152,300 | $172,000 |
| Median property tax | $611 | $871 |
| Effective tax rate | 0.401% | 0.506% |
| Median gross rent | $568 | $726 |
| Population | 1,521 | 23,929 |
The weather behind that power bill
Rutledge sits in Grainger County, which averages a high of 85.5°F in its hottest month and a low of 29.0°F in its coldest, with 47.39" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,314 cooling and 3,773 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Grainger County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Grainger County
Full Grainger County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Rutledge?
A $152,000 home in Rutledge, Tennessee costs approximately $1,221 per month with 20% down at 6.66%. That is $781 principal and interest, $51 property tax, $64 homeowners insurance, $198 utilities and $127 set aside for maintenance.
What is the property tax rate in Rutledge?
Rutledge has an effective property tax rate of 0.401%, based on a median home value of $152,300 and median real estate taxes of $611. That is lower than the Grainger County average of 0.506%.
What is the average home price in Rutledge?
The median owner-occupied home value in Rutledge, Tennessee is $152,300, against $172,000 across Grainger County.
Is it cheaper to rent or buy in Rutledge?
Median gross rent in Rutledge is $568 a month, against $1,221 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 Rutledge — 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.