Total monthly cost of ownership
Cost to Own a Home in Winfield, Tennessee
A $101,000 home here costs
$891per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $519. The real number is $372 higher every month — 72% 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.
Winfield against Scott County and Tennessee
| Measure | Winfield | Scott County |
|---|---|---|
| Median home value | $101,000 | $116,800 |
| Median property tax | $563 | $616 |
| Effective tax rate | 0.557% | 0.527% |
| Median gross rent | $695 | $691 |
| Population | 1,166 | 21,969 |
The weather behind that power bill
Winfield sits in Scott County, which averages a high of 85.4°F in its hottest month and a low of 24.5°F in its coldest, with 58.12" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 958 cooling and 4,548 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Scott County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Scott County
Full Scott County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Winfield?
A $101,000 home in Winfield, Tennessee costs approximately $891 per month with 20% down at 6.66%. That is $519 principal and interest, $47 property tax, $43 homeowners insurance, $198 utilities and $84 set aside for maintenance.
What is the property tax rate in Winfield?
Winfield has an effective property tax rate of 0.557%, based on a median home value of $101,000 and median real estate taxes of $563. That is higher than the Scott County average of 0.527%.
What is the average home price in Winfield?
The median owner-occupied home value in Winfield, Tennessee is $101,000, against $116,800 across Scott County.
Is it cheaper to rent or buy in Winfield?
Median gross rent in Winfield is $695 a month, against $891 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 Winfield — 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.