Total monthly cost of ownership
Cost to Own a Home in Watertown, Tennessee
A $228,000 home here costs
$1,738per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,172. The real number is $565 higher every month — 48% 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.
Watertown against Wilson County and Tennessee
| Measure | Watertown | Wilson County |
|---|---|---|
| Median home value | $228,400 | $397,000 |
| Median property tax | $977 | $1,743 |
| Effective tax rate | 0.428% | 0.439% |
| Median gross rent | $1,036 | $1,370 |
| Population | 1,511 | 153,587 |
The weather behind that power bill
Watertown sits in Wilson County, which averages a high of 90.2°F in its hottest month and a low of 27.8°F in its coldest, with 54.45" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,670 cooling and 3,802 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Wilson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wilson County
Full Wilson County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Watertown?
A $228,000 home in Watertown, Tennessee costs approximately $1,738 per month with 20% down at 6.66%. That is $1,172 principal and interest, $81 property tax, $96 homeowners insurance, $198 utilities and $190 set aside for maintenance.
What is the property tax rate in Watertown?
Watertown has an effective property tax rate of 0.428%, based on a median home value of $228,400 and median real estate taxes of $977. That is lower than the Wilson County average of 0.439%.
What is the average home price in Watertown?
The median owner-occupied home value in Watertown, Tennessee is $228,400, against $397,000 across Wilson County.
Is it cheaper to rent or buy in Watertown?
Median gross rent in Watertown is $1,036 a month, against $1,738 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 Watertown — 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.