Total monthly cost of ownership
Cost to Own a Home in Smyrna, Tennessee
A $327,000 home here costs
$2,437per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,681. The real number is $756 higher every month — 45% 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.
Smyrna against Rutherford County and Tennessee
| Measure | Smyrna | Rutherford County |
|---|---|---|
| Median home value | $326,700 | $346,400 |
| Median property tax | $1,766 | $1,757 |
| Effective tax rate | 0.541% | 0.507% |
| Median gross rent | $1,366 | $1,405 |
| Population | 55,066 | 351,591 |
Smyrna extends across 2 counties. Figures here use Rutherford County, where most of its housing sits.
The weather behind that power bill
Smyrna sits in Rutherford County, which averages a high of 89.2°F in its hottest month and a low of 27.5°F in its coldest, with 55.92" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,582 cooling and 3,765 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Rutherford County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Rutherford County
Full Rutherford County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Smyrna?
A $327,000 home in Smyrna, Tennessee costs approximately $2,437 per month with 20% down at 6.66%. That is $1,681 principal and interest, $147 property tax, $138 homeowners insurance, $198 utilities and $273 set aside for maintenance.
What is the property tax rate in Smyrna?
Smyrna has an effective property tax rate of 0.541%, based on a median home value of $326,700 and median real estate taxes of $1,766. That is higher than the Rutherford County average of 0.507%.
What is the average home price in Smyrna?
The median owner-occupied home value in Smyrna, Tennessee is $326,700, against $346,400 across Rutherford County.
Is it cheaper to rent or buy in Smyrna?
Median gross rent in Smyrna is $1,366 a month, against $2,437 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 Smyrna — 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.