Total monthly cost of ownership
Cost to Own a Home in Tellico Plains, Tennessee
A $168,000 home here costs
$1,328per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $864. The real number is $465 higher every month — 54% 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.
Tellico Plains against Monroe County and Tennessee
| Measure | Tellico Plains | Monroe County |
|---|---|---|
| Median home value | $168,000 | $199,700 |
| Median property tax | $668 | $887 |
| Effective tax rate | 0.398% | 0.444% |
| Median gross rent | $613 | $699 |
| Population | 1,124 | 47,054 |
The weather behind that power bill
Tellico Plains sits in Monroe County, which averages a high of 90.0°F in its hottest month and a low of 27.9°F in its coldest, with 55.25" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 1,492 cooling and 3,591 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Monroe County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Monroe County
Full Monroe County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Tellico Plains?
A $168,000 home in Tellico Plains, Tennessee costs approximately $1,328 per month with 20% down at 6.66%. That is $864 principal and interest, $56 property tax, $71 homeowners insurance, $198 utilities and $140 set aside for maintenance.
What is the property tax rate in Tellico Plains?
Tellico Plains has an effective property tax rate of 0.398%, based on a median home value of $168,000 and median real estate taxes of $668. That is lower than the Monroe County average of 0.444%.
What is the average home price in Tellico Plains?
The median owner-occupied home value in Tellico Plains, Tennessee is $168,000, against $199,700 across Monroe County.
Is it cheaper to rent or buy in Tellico Plains?
Median gross rent in Tellico Plains is $613 a month, against $1,328 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 Tellico Plains — 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.