Total monthly cost of ownership
Cost to Own a Home in Tiptonville, Tennessee
A $109,000 home here costs
$960per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $560. The real number is $399 higher every month — 71% 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.
Tiptonville against Lake County and Tennessee
| Measure | Tiptonville | Lake County |
|---|---|---|
| Median home value | $109,400 | $107,000 |
| Median property tax | $779 | $758 |
| Effective tax rate | 0.712% | 0.708% |
| Median gross rent | $453 | $472 |
| Population | 3,687 | 6,691 |
The weather behind that power bill
Tiptonville sits in Lake County, which averages a high of 90.1°F in its hottest month and a low of 29.2°F in its coldest, with 53.25" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,830 cooling and 3,585 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Lake County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lake County
Common questions
How much does it cost to own a home in Tiptonville?
A $109,000 home in Tiptonville, Tennessee costs approximately $960 per month with 20% down at 6.66%. That is $560 principal and interest, $65 property tax, $46 homeowners insurance, $198 utilities and $91 set aside for maintenance.
What is the property tax rate in Tiptonville?
Tiptonville has an effective property tax rate of 0.712%, based on a median home value of $109,400 and median real estate taxes of $779. That is in line with the Lake County average of 0.708%.
What is the average home price in Tiptonville?
The median owner-occupied home value in Tiptonville, Tennessee is $109,400, against $107,000 across Lake County.
Is it cheaper to rent or buy in Tiptonville?
Median gross rent in Tiptonville is $453 a month, against $960 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 Tiptonville — 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.