Total monthly cost of ownership
Cost to Own a Home in South Cleveland, Tennessee
A $196,000 home here costs
$1,528per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,008. The real number is $520 higher every month — 52% 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.
South Cleveland against Bradley County and Tennessee
| Measure | South Cleveland | Bradley County |
|---|---|---|
| Median home value | $195,700 | $230,800 |
| Median property tax | $914 | $1,174 |
| Effective tax rate | 0.467% | 0.509% |
| Median gross rent | $880 | $959 |
| Population | 7,748 | 109,743 |
The weather behind that power bill
South Cleveland sits in Bradley County, which averages a high of 89.0°F in its hottest month and a low of 29.4°F in its coldest, with 57.62" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 1,542 cooling and 3,474 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Bradley County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bradley County
Full Bradley County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in South Cleveland?
A $196,000 home in South Cleveland, Tennessee costs approximately $1,528 per month with 20% down at 6.66%. That is $1,008 principal and interest, $76 property tax, $82 homeowners insurance, $198 utilities and $163 set aside for maintenance.
What is the property tax rate in South Cleveland?
South Cleveland has an effective property tax rate of 0.467%, based on a median home value of $195,700 and median real estate taxes of $914. That is lower than the Bradley County average of 0.509%.
What is the average home price in South Cleveland?
The median owner-occupied home value in South Cleveland, Tennessee is $195,700, against $230,800 across Bradley County.
Is it cheaper to rent or buy in South Cleveland?
Median gross rent in South Cleveland is $880 a month, against $1,528 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 South Cleveland — 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.