Total monthly cost of ownership
Cost to Own a Home in Waverly, Tennessee
A $165,000 home here costs
$1,331per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $848. The real number is $483 higher every month — 57% 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.
Waverly against Humphreys County and Tennessee
| Measure | Waverly | Humphreys County |
|---|---|---|
| Median home value | $164,700 | $186,900 |
| Median property tax | $932 | $895 |
| Effective tax rate | 0.566% | 0.479% |
| Median gross rent | $841 | $830 |
| Population | 4,278 | 19,074 |
The weather behind that power bill
Waverly sits in Humphreys County, which averages a high of 89.5°F in its hottest month and a low of 28.3°F in its coldest, with 51.64" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,732 cooling and 3,526 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Humphreys County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Humphreys County
Full Humphreys County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Waverly?
A $165,000 home in Waverly, Tennessee costs approximately $1,331 per month with 20% down at 6.66%. That is $848 principal and interest, $78 property tax, $69 homeowners insurance, $198 utilities and $138 set aside for maintenance.
What is the property tax rate in Waverly?
Waverly has an effective property tax rate of 0.566%, based on a median home value of $164,700 and median real estate taxes of $932. That is higher than the Humphreys County average of 0.479%.
What is the average home price in Waverly?
The median owner-occupied home value in Waverly, Tennessee is $164,700, against $186,900 across Humphreys County.
Is it cheaper to rent or buy in Waverly?
Median gross rent in Waverly is $841 a month, against $1,331 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 Waverly — 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.