Total monthly cost of ownership
Cost to Own a Home in Shackle Island, Tennessee
A $468,000 home here costs
$3,371per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,406. The real number is $965 higher every month — 40% 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.
Shackle Island against Sumner County and Tennessee
| Measure | Shackle Island | Sumner County |
|---|---|---|
| Median home value | $467,500 | $364,000 |
| Median property tax | $2,155 | $1,944 |
| Effective tax rate | 0.461% | 0.534% |
| Median gross rent | — | $1,339 |
| Population | 4,164 | 200,553 |
The weather behind that power bill
Shackle Island sits in Sumner County, which averages a high of 87.7°F in its hottest month and a low of 25.3°F in its coldest, with 54.96" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,289 cooling and 4,293 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Sumner County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sumner County
Full Sumner County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Shackle Island?
A $468,000 home in Shackle Island, Tennessee costs approximately $3,371 per month with 20% down at 6.66%. That is $2,406 principal and interest, $180 property tax, $197 homeowners insurance, $198 utilities and $390 set aside for maintenance.
What is the property tax rate in Shackle Island?
Shackle Island has an effective property tax rate of 0.461%, based on a median home value of $467,500 and median real estate taxes of $2,155. That is lower than the Sumner County average of 0.534%.
What is the average home price in Shackle Island?
The median owner-occupied home value in Shackle Island, Tennessee is $467,500, against $364,000 across Sumner County.
Is it cheaper to rent or buy in Shackle Island?
Rent data is not published for Shackle Island at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Shackle Island — 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.