Total monthly cost of ownership
Cost to Own a Home in Savannah, Tennessee
A $163,000 home here costs
$1,299per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $838. The real number is $461 higher every month — 55% 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.
Savannah against Hardin County and Tennessee
| Measure | Savannah | Hardin County |
|---|---|---|
| Median home value | $163,100 | $154,000 |
| Median property tax | $706 | $666 |
| Effective tax rate | 0.433% | 0.432% |
| Median gross rent | $757 | $770 |
| Population | 7,219 | 26,939 |
The weather behind that power bill
Savannah sits in Hardin County, which averages a high of 91.3°F in its hottest month and a low of 30.3°F in its coldest, with 59.18" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,930 cooling and 3,157 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Hardin County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hardin County
Full Hardin County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Savannah?
A $163,000 home in Savannah, Tennessee costs approximately $1,299 per month with 20% down at 6.66%. That is $838 principal and interest, $59 property tax, $69 homeowners insurance, $198 utilities and $136 set aside for maintenance.
What is the property tax rate in Savannah?
Savannah has an effective property tax rate of 0.433%, based on a median home value of $163,100 and median real estate taxes of $706. That is in line with the Hardin County average of 0.432%.
What is the average home price in Savannah?
The median owner-occupied home value in Savannah, Tennessee is $163,100, against $154,000 across Hardin County.
Is it cheaper to rent or buy in Savannah?
Median gross rent in Savannah is $757 a month, against $1,299 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 Savannah — 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.