Total monthly cost of ownership
Cost to Own a Home in Wildwood Lake, Tennessee
A $197,000 home here costs
$1,607per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $69,000 a year.
A standard mortgage calculator would have told you $1,074. The real number is $532 higher every month, 50% more than the payment most buyers budget for.
Compare Bradley County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Wildwood Lake from a five-year rolling sample, and with about 3,490 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Bradley County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Wildwood Lake against Bradley County and Tennessee
| Measure | Wildwood Lake | Bradley County |
|---|---|---|
| Median home value | $196,600 | $230,800 |
| Median property tax | $750 | $1,174 |
| Effective tax rate | 0.381% | 0.509% |
| Median gross rent | $832 | $959 |
| Population | 3,490 | 109,743 |
The weather behind that power bill
Wildwood Lake sits in Bradley County, which averages a high of 89.0°F in its hottest month and a low of 29.4°F in its coldest, with 57.62" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 1,542 cooling and 3,474 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for Bradley County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bradley County
Full Bradley County cost breakdown · Every county in Tennessee
Talk to someone who works this market
These are Wildwood Lake averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Wildwood Lake every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Wildwood Lake I already own here and may sell
Common questions
How much does it cost to own a home in Wildwood Lake?
A $197,000 home in Wildwood Lake, Tennessee costs approximately $1,607 per month with 20% down at 7.24%. That is $1,074 principal and interest, $63 property tax, $83 homeowners insurance, $223 utilities and $164 set aside for maintenance.
What is the property tax rate in Wildwood Lake?
Wildwood Lake has an effective property tax rate of 0.381%, based on a median home value of $196,600 and median real estate taxes of $750. That is lower than the Bradley County average of 0.509%.
What is the average home price in Wildwood Lake?
The median owner-occupied home value in Wildwood Lake, Tennessee is $196,600, against $230,800 across Bradley County.
Is it cheaper to rent or buy in Wildwood Lake?
Median gross rent in Wildwood Lake is $832 a month, against $1,607 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Wildwood Lake?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Wildwood Lake, Tennessee at today's rate takes a household income of roughly $69,000 a year. That covers the full $1,607 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Wildwood Lake, 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.