Tennessee housing market: home prices by city and forecast
Tennessee home prices: the Zillow Home Value Index put the typical home in Tennessee at $330,844 in September 2026, +0.6% compared with a year earlier.
- Value of a typical home
- $330,844September 2026, Zillow ZHVI
- Change over 12 months
- +0.6%US +1.2%
- Change over 10 years
- +98.5%US +77.4%
- Multiple relative to 2000
- ×2.93US ×2.99
- Home price against income
- 4.6. The median income is $71,997.
Among the 50 states and DC, from the highest value down, Tennessee ranks 29th for typical home value and 39th for the 12-month change. Growth since 2000 puts it 20th of 47, and price to income 24th.
Tennessee home prices since 2000
Back in January 2000, a typical Tennessee home was worth $112,992; later it reached $330,844. April 2026 was its highest month, at $332,032.
| Decade | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2000s | $114,231 | $118,224 | $121,221 | $124,334 | $128,784 | $136,228 | $145,680 | $152,300 | $150,743 | $144,961 |
| 2010s | $141,937 | $137,206 | $136,719 | $140,272 | $146,485 | $154,093 | $164,985 | $177,459 | $190,444 | $203,773 |
| 2020s | $221,069 | $257,587 | $306,811 | $316,775 | $328,250 | $330,129 |
Tennessee home prices since 1975: the FHFA index
With 1975 = 100 as the base, FHFA's repeat-sales index put Tennessee at 1000 in 2025; by Q2 2026 it was +2.6% on a year.
From the Census of Housing, based on what owners reported: Tennessee was $1,826 in 1940 and $93,000 in 2000.
| Census year | Tennessee median value | US median value |
|---|---|---|
| 1940 | $1,826 | $2,938 |
| 1950 | $5,268 | $7,354 |
| 1960 | $8,300 | $11,900 |
| 1970 | $12,500 | $17,000 |
| 1980 | $35,600 | $47,200 |
| 1990 | $58,400 | $79,100 |
| 2000 | $93,000 | $119,600 |
No inflation adjustment. Census of Housing tables
Home prices in Tennessee by city
There are 8 city pages here, largest first:
| City | Value of a typical home | Change over 12 months | Multiple relative to 2000 |
|---|---|---|---|
| Nashville | $425,889 | −2.5% | ×3.10 |
| Memphis | $151,794 | −2.8% | ×1.78 |
| Knoxville | $368,965 | +1.0% | ×3.25 |
| Chattanooga | $314,999 | −1.3% | ×2.67 |
| Clarksville | $317,914 | +0.3% | ×2.67 |
| Murfreesboro | $424,348 | −0.5% | ×3.15 |
| Franklin | $913,277 | +3.0% | ×3.84 |
| Cleveland, Tennessee | $308,369 | +1.1% | ×2.91 |
| Johnson City | $292,890 | +1.4% | |
| Jackson | $220,277 | −1.7% | |
| Maryville | $393,180 | +2.6% | |
| Kingsport | $253,302 | −1.1% | |
| Hendersonville | $515,384 | +0.6% | |
| Cookeville | $318,964 | +1.3% | |
| Lebanon | $441,712 | +1.2% |
Zillow Home Value Index, September 2026.
Forecasts for Tennessee metros: what is ahead for prices
Zillow's forecasts for 12 months, from September 2026 for 6 Tennessee metros, span −0.1% to +2.1%:
| Metro | Next 3 months | Next 12 months |
|---|---|---|
| Nashville, TN | +0.1% | +0.2% |
| Memphis, TN | −0.2% | −0.1% |
| Knoxville, TN | +0.7% | +2.1% |
| Chattanooga, TN | +0.5% | +1.2% |
| Clarksville, TN | +0.1% | +0.1% |
| Cleveland, TN | −0.4% | +0.4% |
This is Zillow's estimate, not investment advice.
Tennessee cost of living
Tennessee's price level stands at 91.9 (US 100). Housing comes to 79.1, goods to 96.2, utilities to 72.1, and other services to 95.1 (BEA). Household income has a median of $71,997, and median gross rent is $1,284 a month (Census ACS 2024). Owner-occupied homes make up 67%; the median year built is 1988.
For every state, see cost of living by state; for cities, see Nashville, Memphis, Chattanooga.
How to read this chart
The first chart plots dollars, and its peak comes in April 2026 at $332,032. The second chart is an index instead: its line for Tennessee ends at 1000, meaning prices there sit at 10.0 times the 1975 level. No inflation adjustment applies to either one.