Total monthly cost of ownership
Cost to Own a Home in Sewanee, Tennessee
A $377,000 home here costs
$2,753per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,938. The real number is $815 higher every month — 42% 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.
Sewanee against Franklin County and Tennessee
| Measure | Sewanee | Franklin County |
|---|---|---|
| Median home value | $377,200 | $215,700 |
| Median property tax | $1,733 | $1,218 |
| Effective tax rate | 0.459% | 0.565% |
| Median gross rent | $1,186 | $863 |
| Population | 3,000 | 43,478 |
The weather behind that power bill
Sewanee sits in Franklin County, which averages a high of 87.3°F in its hottest month and a low of 30.2°F in its coldest, with 57.67" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,454 cooling and 3,519 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Franklin County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Franklin County
Full Franklin County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Sewanee?
A $377,000 home in Sewanee, Tennessee costs approximately $2,753 per month with 20% down at 6.66%. That is $1,938 principal and interest, $144 property tax, $159 homeowners insurance, $198 utilities and $314 set aside for maintenance.
What is the property tax rate in Sewanee?
Sewanee has an effective property tax rate of 0.459%, based on a median home value of $377,200 and median real estate taxes of $1,733. That is lower than the Franklin County average of 0.565%.
What is the average home price in Sewanee?
The median owner-occupied home value in Sewanee, Tennessee is $377,200, against $215,700 across Franklin County.
Is it cheaper to rent or buy in Sewanee?
Median gross rent in Sewanee is $1,186 a month, against $2,753 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 Sewanee — 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.