Total monthly cost of ownership
Cost to Own a Home in Tullahoma, Tennessee
A $229,000 home here costs
$1,897per 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 $81,500 a year.
A standard mortgage calculator would have told you $1,249. The real number is $648 higher every month, 52% more than the payment most buyers budget for.
Compare Coffee 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.
Tullahoma against Coffee County and Tennessee
| Measure | Tullahoma | Coffee County |
|---|---|---|
| Median home value | $228,800 | $227,300 |
| Median property tax | $1,657 | $1,378 |
| Effective tax rate | 0.724% | 0.606% |
| Median gross rent | $866 | $885 |
| Population | 20,672 | 58,940 |
Tullahoma extends across 2 counties. Figures here use Coffee County, where most of its housing sits.
The weather behind that power bill
Tullahoma sits in Coffee County, which averages a high of 86.4°F in its hottest month and a low of 26.4°F in its coldest, with 59.27" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,129 cooling and 4,137 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for Coffee County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Coffee County
Full Coffee County cost breakdown · Every county in Tennessee
Talk to someone who works this market
These are Tullahoma 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 Tullahoma every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Tullahoma I already own here and may sell
Common questions
How much does it cost to own a home in Tullahoma?
A $229,000 home in Tullahoma, Tennessee costs approximately $1,897 per month with 20% down at 7.24%. That is $1,249 principal and interest, $138 property tax, $96 homeowners insurance, $223 utilities and $191 set aside for maintenance.
What is the property tax rate in Tullahoma?
Tullahoma has an effective property tax rate of 0.724%, based on a median home value of $228,800 and median real estate taxes of $1,657. That is higher than the Coffee County average of 0.606%.
What is the average home price in Tullahoma?
The median owner-occupied home value in Tullahoma, Tennessee is $228,800, against $227,300 across Coffee County.
Is it cheaper to rent or buy in Tullahoma?
Median gross rent in Tullahoma is $866 a month, against $1,897 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 Tullahoma?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Tullahoma, Tennessee at today's rate takes a household income of roughly $81,500 a year. That covers the full $1,897 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Tullahoma, 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.