Home Values

Tennessee Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$125,800

  • 5.8% 1-year change
  • 2.5% 1-year forecast

The median home value in Tennessee is $125,800. Tennessee home values have gone up 5.8% over the past year and Zillow predicts they will rise 2.5% within the next year. The median price of homes currently listed in Tennessee is $169,900. The median rent price in Tennessee is $995.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Tennessee is 4.2%, which is lower than the national value of 6.9%.

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Relative ZHVI
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Tennessee Market Overview

Data through Sep 30, 2014
  • $125,800 ZHVI
  • 2.5% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Sep 30, 2015)
  • $169,900 Median listing price
  • No data Median sale price
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Tennessee Market Health

Data through Sep 30, 2014
  • 5.7/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • 94 Average days on Zillow (Aug 31, 2014)
  • No data Homes with negative equity (17.0% US Avg)
  • 4.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Cities in Tennessee

Name Median ZHVI
Franklin $359,300
Nashville $165,700
Murfreesboro $159,100
Name Median ZHVI
Johnson City $135,600
Clarksville $131,500
Cleveland $127,200
Name Median ZHVI
Chattanooga $114,800
Knoxville $114,100
Memphis $66,700

Listings & Sales

Data through Sep 30, 2014
  • $96 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 33.4% Listings with price cut
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Tennessee Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,028 Tennessee
    $1,335 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • $995 Rent list price
  • $0.72 Rent list price / sq ft
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