Total monthly cost of ownership
Cost to Own a Home in Winchester, Tennessee
A $209,000 home here costs
$1,632per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,074. The real number is $558 higher every month — 52% 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.
Winchester against Franklin County and Tennessee
| Measure | Winchester | Franklin County |
|---|---|---|
| Median home value | $209,300 | $215,700 |
| Median property tax | $1,173 | $1,218 |
| Effective tax rate | 0.560% | 0.565% |
| Median gross rent | $893 | $863 |
| Population | 9,600 | 43,478 |
The weather behind that power bill
Winchester sits in Franklin County, which averages a high of 87.3°F in its hottest month and a low of 30.2°F in its coldest, with 57.67" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,454 cooling and 3,519 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Franklin County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Franklin County
Full Franklin County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Winchester?
A $209,000 home in Winchester, Tennessee costs approximately $1,632 per month with 20% down at 6.66%. That is $1,074 principal and interest, $98 property tax, $88 homeowners insurance, $198 utilities and $174 set aside for maintenance.
What is the property tax rate in Winchester?
Winchester has an effective property tax rate of 0.560%, based on a median home value of $209,300 and median real estate taxes of $1,173. That is in line with the Franklin County average of 0.565%.
What is the average home price in Winchester?
The median owner-occupied home value in Winchester, Tennessee is $209,300, against $215,700 across Franklin County.
Is it cheaper to rent or buy in Winchester?
Median gross rent in Winchester is $893 a month, against $1,632 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 Winchester — 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.