Total monthly cost of ownership
Cost to Own a Home in Tellico Village, Tennessee
A $485,000 home here costs
$3,629per 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 $155,500 a year.
A standard mortgage calculator would have told you $2,644. The real number is $985 higher every month, 37% more than the payment most buyers budget for.
Compare Loudon County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Tellico Village against Loudon County and Tennessee
| Measure | Tellico Village | Loudon County |
|---|---|---|
| Median home value | $484,900 | $292,600 |
| Median property tax | $1,845 | $1,163 |
| Effective tax rate | 0.380% | 0.397% |
| Median gross rent | $2,020 | $995 |
| Population | 6,901 | 56,996 |
The weather behind that power bill
Tellico Village sits in Loudon County, which averages a high of 89.0°F in its hottest month and a low of 28.0°F in its coldest, with 55.2" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,536 cooling and 3,654 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for Loudon County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Loudon County
Full Loudon County cost breakdown · Every county in Tennessee
Talk to someone who works this market
These are Tellico Village 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 Village every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Tellico Village I already own here and may sell
Common questions
How much does it cost to own a home in Tellico Village?
A $485,000 home in Tellico Village, Tennessee costs approximately $3,629 per month with 20% down at 7.24%. That is $2,644 principal and interest, $154 property tax, $204 homeowners insurance, $223 utilities and $404 set aside for maintenance.
What is the property tax rate in Tellico Village?
Tellico Village has an effective property tax rate of 0.380%, based on a median home value of $484,900 and median real estate taxes of $1,845. That is lower than the Loudon County average of 0.397%.
What is the average home price in Tellico Village?
The median owner-occupied home value in Tellico Village, Tennessee is $484,900, against $292,600 across Loudon County.
Is it cheaper to rent or buy in Tellico Village?
Median gross rent in Tellico Village is $2,020 a month, against $3,629 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 Village?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Tellico Village, Tennessee at today's rate takes a household income of roughly $155,500 a year. That covers the full $3,629 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Tellico Village, 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.