Tennessee Housing Market Trends
Real-time market data powered by Zillow Research. Last updated: 2026-03-03
Is Now a Good Time to Buy in Tennessee?
The Tennessee housing market is showing balanced conditions.
home values have been essentially flat (-0.1%) over the past year. there are currently 1,521 homes on the market.
Median Home Value
$324,926
Zillow Home Value Index
Year-over-Year
-0.1%
Home value change
5-Year Change
+40%
Since 2021
Median Rent
$1,371/mo
Zillow Observed Rent Index
Active Listings
1,521
Homes for sale
Home Value Trends
5-year Zillow Home Value Index (ZHVI) for Tennessee vs. national average. ZHVI reflects the typical home value in the 35th-65th percentile range.
Rent Trends
Average rent in Tennessee: $1,371/mo (+2.6% YoY)
Rent vs. Buy Analysis
With a median home value of $324,926 and average rent of $1,371/mo, the price-to-rent ratio in Tennessee is 19.7. A ratio of 15-21 means it could go either way — run the numbers.
Run Full Rent vs. Buy CalculatorTop Markets in Tennessee
Explore housing data for 12 metro areas in Tennessee. Click any market for detailed trends and analysis.
Nashville, TN
$444,193
Avg rent: $1,770/mo
Sevierville, TN
$393,360
Avg rent: $1,753/mo
Knoxville, TN
$352,076
Avg rent: $1,731/mo
Shelbyville, TN
$322,505
Lewisburg, TN
$318,304
Chattanooga, TN
$313,999
Avg rent: $1,508/mo
Tullahoma, TN
$305,678
Avg rent: $1,446/mo
Cleveland, TN
$298,457
Crossville, TN
$297,971
Avg rent: $1,689/mo
Clarksville, TN
$289,122
Avg rent: $1,351/mo
Morristown, TN
$288,786
Avg rent: $1,545/mo
Cookeville, TN
$283,252
Avg rent: $1,458/mo
Continue Learning About Tennessee
Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.