Total monthly cost of ownership
Cost to Own a Home in Waynesboro, Tennessee
A $81,000 home here costs
$768per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $416. The real number is $352 higher every month — 85% 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.
Waynesboro against Wayne County and Tennessee
| Measure | Waynesboro | Wayne County |
|---|---|---|
| Median home value | $81,400 | $126,600 |
| Median property tax | $631 | $683 |
| Effective tax rate | 0.775% | 0.539% |
| Median gross rent | $469 | $619 |
| Population | 2,483 | 16,251 |
The weather behind that power bill
Waynesboro sits in Wayne County, which averages a high of 88.4°F in its hottest month and a low of 26.7°F in its coldest, with 61.79" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 1,341 cooling and 3,876 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Wayne County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wayne County
Full Wayne County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Waynesboro?
A $81,000 home in Waynesboro, Tennessee costs approximately $768 per month with 20% down at 6.66%. That is $416 principal and interest, $52 property tax, $34 homeowners insurance, $198 utilities and $68 set aside for maintenance.
What is the property tax rate in Waynesboro?
Waynesboro has an effective property tax rate of 0.775%, based on a median home value of $81,400 and median real estate taxes of $631. That is higher than the Wayne County average of 0.539%.
What is the average home price in Waynesboro?
The median owner-occupied home value in Waynesboro, Tennessee is $81,400, against $126,600 across Wayne County.
Is it cheaper to rent or buy in Waynesboro?
Median gross rent in Waynesboro is $469 a month, against $768 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 Waynesboro — 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.