Total monthly cost of ownership
Cost to Own a Home in Tellico Plains, Tennessee
A $168,000 home here costs
$1,405per 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 $60,000 a year.
A standard mortgage calculator would have told you $916. The real number is $489 higher every month, 53% more than the payment most buyers budget for.
Compare Monroe County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Tellico Plains from a five-year rolling sample, and with about 1,124 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 Monroe 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.
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 $155 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
Talk to someone who works this market
These are Tellico Plains 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 Tellico Plains every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Tellico Plains I already own here and may sell
Common questions
How much does it cost to own a home in Tellico Plains?
A $168,000 home in Tellico Plains, Tennessee costs approximately $1,405 per month with 20% down at 7.24%. That is $916 principal and interest, $56 property tax, $71 homeowners insurance, $223 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 $1,405 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 Tellico Plains?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Tellico Plains, Tennessee at today's rate takes a household income of roughly $60,000 a year. That covers the full $1,405 monthly cost, not just the mortgage payment.
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.