Total monthly cost of ownership
Cost to Own a Home in Tullahoma, Tennessee
A $229,000 home here costs
$1,801per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,177. The real number is $623 higher every month — 53% 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.
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 $130 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
Common questions
How much does it cost to own a home in Tullahoma?
A $229,000 home in Tullahoma, Tennessee costs approximately $1,801 per month with 20% down at 6.66%. That is $1,177 principal and interest, $138 property tax, $96 homeowners insurance, $198 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 $1,801 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 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.