Total monthly cost of ownership
Cost to Own a Home in Sneedville, Tennessee
A $98,000 home here costs
$873per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $504. The real number is $369 higher every month — 73% 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.
Sneedville against Hancock County and Tennessee
| Measure | Sneedville | Hancock County |
|---|---|---|
| Median home value | $97,900 | $118,000 |
| Median property tax | $573 | $533 |
| Effective tax rate | 0.585% | 0.452% |
| Median gross rent | $614 | $592 |
| Population | 1,649 | 6,790 |
The weather behind that power bill
Sneedville sits in Hancock County, which averages a high of 85.5°F in its hottest month and a low of 25.5°F in its coldest, with 48.84" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,080 cooling and 4,217 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Hancock County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hancock County
No other places of this size are published in Hancock County.
Full Hancock County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Sneedville?
A $98,000 home in Sneedville, Tennessee costs approximately $873 per month with 20% down at 6.66%. That is $504 principal and interest, $48 property tax, $41 homeowners insurance, $198 utilities and $82 set aside for maintenance.
What is the property tax rate in Sneedville?
Sneedville has an effective property tax rate of 0.585%, based on a median home value of $97,900 and median real estate taxes of $573. That is higher than the Hancock County average of 0.452%.
What is the average home price in Sneedville?
The median owner-occupied home value in Sneedville, Tennessee is $97,900, against $118,000 across Hancock County.
Is it cheaper to rent or buy in Sneedville?
Median gross rent in Sneedville is $614 a month, against $873 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 Sneedville — 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.