Total monthly cost of ownership
Cost to Own a Home in Tracy City, Tennessee
A $116,000 home here costs
$993per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $596. The real number is $397 higher every month — 67% 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.
Tracy City against Grundy County and Tennessee
| Measure | Tracy City | Grundy County |
|---|---|---|
| Median home value | $116,000 | $133,400 |
| Median property tax | $639 | $563 |
| Effective tax rate | 0.551% | 0.422% |
| Median gross rent | $393 | $723 |
| Population | 1,924 | 13,665 |
The weather behind that power bill
Tracy City sits in Grundy County, which averages a high of 83.2°F in its hottest month and a low of 25.6°F in its coldest, with 63.18" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 818 cooling and 4,477 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Grundy County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Grundy County
Full Grundy County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Tracy City?
A $116,000 home in Tracy City, Tennessee costs approximately $993 per month with 20% down at 6.66%. That is $596 principal and interest, $53 property tax, $49 homeowners insurance, $198 utilities and $97 set aside for maintenance.
What is the property tax rate in Tracy City?
Tracy City has an effective property tax rate of 0.551%, based on a median home value of $116,000 and median real estate taxes of $639. That is higher than the Grundy County average of 0.422%.
What is the average home price in Tracy City?
The median owner-occupied home value in Tracy City, Tennessee is $116,000, against $133,400 across Grundy County.
Is it cheaper to rent or buy in Tracy City?
Median gross rent in Tracy City is $393 a month, against $993 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 Tracy City — 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.