Total monthly cost of ownership
Cost to Own a Home in Sparta, Tennessee
A $201,000 home here costs
$1,650per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $70,500 a year.
A standard mortgage calculator would have told you $1,096. The real number is $554 higher every month, 51% more than the payment most buyers budget for.
Compare White County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Sparta from a five-year rolling sample, and with about 4,915 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The White County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Sparta against White County and Tennessee
| Measure | Sparta | White County |
|---|---|---|
| Median home value | $200,600 | $190,200 |
| Median property tax | $944 | $809 |
| Effective tax rate | 0.471% | 0.425% |
| Median gross rent | $745 | $838 |
| Population | 4,915 | 27,764 |
The weather behind that power bill
Sparta sits in White County, which averages a high of 87.9°F in its hottest month and a low of 27.8°F in its coldest, with 58.69" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,370 cooling and 3,879 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for White County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in White County
No other places of this size are published in White County.
Full White County cost breakdown · Every county in Tennessee
Talk to someone who works this market
These are Sparta averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Sparta every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Sparta I already own here and may sell
Common questions
How much does it cost to own a home in Sparta?
A $201,000 home in Sparta, Tennessee costs approximately $1,650 per month with 20% down at 7.24%. That is $1,096 principal and interest, $79 property tax, $85 homeowners insurance, $223 utilities and $168 set aside for maintenance.
What is the property tax rate in Sparta?
Sparta has an effective property tax rate of 0.471%, based on a median home value of $200,600 and median real estate taxes of $944. That is higher than the White County average of 0.425%.
What is the average home price in Sparta?
The median owner-occupied home value in Sparta, Tennessee is $200,600, against $190,200 across White County.
Is it cheaper to rent or buy in Sparta?
Median gross rent in Sparta is $745 a month, against $1,650 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Sparta?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Sparta, Tennessee at today's rate takes a household income of roughly $70,500 a year. That covers the full $1,650 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Sparta, 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.