Tennessee Average Home Price by City (2026)

The average home price in Tennessee (TN) is about $272,500 — the 2026 median, at ~$211/sq ft — 7% more affordable than the typical U.S. home.

$272,500
Tennessee median value
$211
Median price / sq ft
~1,290
sq ft a median budget buys
-7%
vs U.S. median
Nashville — $453,000NashvilleMemphis — $130,000MemphisKnoxville — $388,500Chattanooga — $293,000ChattanoogaMurfreesboro — $435,500MurfreesboroCrossville — $302,500Kingsport — $256,000Kingsport

Shaded by price · click a city to explore. Colour = median home value.

Considering a move to Tennessee?

Housing in Tennessee is 7% more affordable than the national average, with a typical home around $272,500 and a local rate near $211 per square foot. Among the 14 Tennessee cities we track, Franklin is the most expensive (median $948,000) and Memphis is the most affordable (median $130,000) — so where you land in the state matters as much as the state itself.

Browse Tennessee cities

Franklin$948,000Nashville$453,000Murfreesboro$435,500Sevierville$413,000Maryville$406,000Knoxville$388,500Clarksville$308,000Cleveland$304,000Crossville$302,500Chattanooga$293,000Johnson City$288,000Bartlett$275,000Kingsport$256,000Memphis$130,000

See the cheapest (and most expensive) places to live in Tennessee.

Don’t see your city? Use the free Home Value Estimator for any U.S. ZIP, see the most expensive ZIP codes in America, or browse the full U.S. directory.

Salary needed to buy a home in Tennessee

To buy the typical $272,500 home in Tennessee with 20% down, you need a household income of roughly $74,000 a year (about $1,730 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $88,000, because the loan is bigger and mortgage insurance kicks in.

Down paymentCash downMonthly paymentIncome needed
5% (+PMI)$13,600$2,150/mo$92,000/yr
10% (+PMI)$27,300$2,060/mo$88,000/yr
20%$54,500$1,730/mo$74,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in Tennessee

At about $211 per square foot, here is roughly how much home different budgets get you in Tennessee:

BudgetApprox. sizeWhat that looks like locally
$150k710 sq ftbelow the local median — condos, smaller or older homes
$200k950 sq ftbelow the local median — condos, smaller or older homes
$250k1180 sq ftaround the typical home here
$300k1420 sq ftaround the typical home here
$400k1900 sq ftabove the median — larger homes or the pricier ZIPs

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to Tennessee so you can compare your current home against every Tennessee city we track.

Tennessee home prices: frequently asked

What salary do you need to buy a house in Tennessee? +
For the typical $272,500 home in Tennessee, a household income of about $74,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $88,000; with 5% down about $92,000.
What is the average home price in Tennessee? +
The average home price in Tennessee is about $272,500 as of 2026, at roughly $211 per square foot — 7% more affordable than the U.S. median of $294,000. That figure is the statewide median across the ZIP codes we track, which is what most price reports mean by the average.
What is the median home price in Tennessee (TN)? +
About $272,500 in 2026. The median is the mid-point home — half of homes cost more, half less — and it is the better yardstick than a true mean, which a handful of luxury sales can drag upward. At $211/sq ft, a median budget in Tennessee buys roughly 1,290 sq ft of home.
Where is Tennessee most and least expensive? +
Among the 14 Tennessee cities tracked here, Franklin is the priciest (median $948,000) and Memphis is the most affordable (median $130,000). ZIP-level prices within one city vary further, so check the city page for your area.