Total monthly cost of ownership
Cost to Own a Home in Smithville, Tennessee
A $154,000 home here costs
$1,232per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $792. The real number is $441 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.
Smithville against DeKalb County and Tennessee
| Measure | Smithville | DeKalb County |
|---|---|---|
| Median home value | $153,500 | $206,600 |
| Median property tax | $593 | $747 |
| Effective tax rate | 0.386% | 0.362% |
| Median gross rent | $676 | $773 |
| Population | 5,158 | 20,551 |
The weather behind that power bill
Smithville sits in DeKalb County, which averages a high of 87.7°F in its hottest month and a low of 25.5°F in its coldest, with 56.97" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,231 cooling and 4,148 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for DeKalb County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in DeKalb County
Full DeKalb County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Smithville?
A $154,000 home in Smithville, Tennessee costs approximately $1,232 per month with 20% down at 6.66%. That is $792 principal and interest, $50 property tax, $65 homeowners insurance, $198 utilities and $128 set aside for maintenance.
What is the property tax rate in Smithville?
Smithville has an effective property tax rate of 0.386%, based on a median home value of $153,500 and median real estate taxes of $593. That is higher than the DeKalb County average of 0.362%.
What is the average home price in Smithville?
The median owner-occupied home value in Smithville, Tennessee is $153,500, against $206,600 across DeKalb County.
Is it cheaper to rent or buy in Smithville?
Median gross rent in Smithville is $676 a month, against $1,232 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 Smithville — 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.