Tennessee Home Prices & Values

$123,000 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 4.3% 1-year change
  • 2.5% 1-year forecast

The median home value in Tennessee is $123,000. Tennessee home values have gone up 4.3% 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 4.4%, which is lower than the national value of 7.2%.

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Relative ZHVI
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Tennessee Market Overview

Data through Jun 30, 2014
  • $123,000 ZHVI
  • 2.5% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $169,900 Median listing price
  • No data Median sale price
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Tennessee Market Health

Data through Jun 30, 2014
  • 4.8/10 Stable What's This?  
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    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.

  • 101 Average of days on Zillow (May 31, 2014)
  • No data Homes with negative equity (18.8% US Avg)
  • 4.4% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)
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Cities in Tennessee

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Franklin $346,400 Nashville $164,000 Murfreesboro $158,200
Johnson City $138,100 Clarksville $130,100 Cleveland $127,700
Knoxville $115,300 Chattanooga $114,300 Memphis $67,700

Listings & Sales

Data through Jun 30, 2014
  • $97 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 27.5% Listings with price cut
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Tennessee Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,016 Tennessee
$1,310 United States
  • No data Breakeven horizon
  • $995 Rent list price
  • $0.72 Rent list price / sq ft
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