Total monthly cost of ownership
Cost to Own a Home in Scotts Hill, Tennessee
A $114,000 home here costs
$970per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $586. The real number is $384 higher every month — 66% 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.
Scotts Hill against Henderson County and Tennessee
| Measure | Scotts Hill | Henderson County |
|---|---|---|
| Median home value | $114,200 | $156,000 |
| Median property tax | $515 | $732 |
| Effective tax rate | 0.451% | 0.469% |
| Median gross rent | $618 | $812 |
| Population | 1,158 | 27,906 |
Scotts Hill extends across 2 counties. Figures here use Henderson County, where most of its housing sits.
The weather behind that power bill
Scotts Hill sits in Henderson County, which averages a high of 89.4°F in its hottest month and a low of 27.3°F in its coldest, with 54.75" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,604 cooling and 3,693 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Henderson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Henderson County
Full Henderson County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Scotts Hill?
A $114,000 home in Scotts Hill, Tennessee costs approximately $970 per month with 20% down at 6.66%. That is $586 principal and interest, $43 property tax, $48 homeowners insurance, $198 utilities and $95 set aside for maintenance.
What is the property tax rate in Scotts Hill?
Scotts Hill has an effective property tax rate of 0.451%, based on a median home value of $114,200 and median real estate taxes of $515. That is lower than the Henderson County average of 0.469%.
What is the average home price in Scotts Hill?
The median owner-occupied home value in Scotts Hill, Tennessee is $114,200, against $156,000 across Henderson County.
Is it cheaper to rent or buy in Scotts Hill?
Median gross rent in Scotts Hill is $618 a month, against $970 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 Scotts Hill — 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.