Total monthly cost of ownership
Cost to Own a Home in Whitwell, Tennessee
A $122,000 home here costs
$1,041per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $627. The real number is $414 higher every month — 66% 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.
Whitwell against Marion County and Tennessee
| Measure | Whitwell | Marion County |
|---|---|---|
| Median home value | $121,700 | $173,600 |
| Median property tax | $749 | $771 |
| Effective tax rate | 0.615% | 0.444% |
| Median gross rent | $834 | $840 |
| Population | 1,863 | 29,010 |
The weather behind that power bill
Whitwell sits in Marion County, which averages a high of 90.5°F in its hottest month and a low of 32.4°F in its coldest, with 55" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,921 cooling and 3,029 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Marion County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Marion County
Full Marion County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Whitwell?
A $122,000 home in Whitwell, Tennessee costs approximately $1,041 per month with 20% down at 6.66%. That is $627 principal and interest, $63 property tax, $51 homeowners insurance, $198 utilities and $102 set aside for maintenance.
What is the property tax rate in Whitwell?
Whitwell has an effective property tax rate of 0.615%, based on a median home value of $121,700 and median real estate taxes of $749. That is higher than the Marion County average of 0.444%.
What is the average home price in Whitwell?
The median owner-occupied home value in Whitwell, Tennessee is $121,700, against $173,600 across Marion County.
Is it cheaper to rent or buy in Whitwell?
Median gross rent in Whitwell is $834 a month, against $1,041 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 Whitwell — 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.