Market Intelligence · TN
Tennessee home prices and housing market.
Real market data across 22 cities and 111 ZIP markets in TN. The typical home is worth about $266K.
Updated September 2026Typical value$266K
The typical home value in Tennessee is $266K as of September 2026, up 3.9% from a year ago, based on the Zillow Home Value Index. In the typical Tennessee ZIP code, the median list price is $387K and homes spend a median of 71 days on market as of September 2026 (Realtor.com).
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Prices over time
Tennessee home prices over time
Typical home values in Tennessee are up 3.9% over the past year, from $256K in September 2025 to $266K in September 2026.
| Month | Typical value | 1-yr change |
|---|---|---|
| September 2026 | $265,881 | +3.9% |
| September 2025 | $255,961 | No prior year |
Typical value is the median Zillow Home Value Index across Tennessee ZIP codes, taken in September of each year so every row compares the same month.
Market balance
Is Tennessee a buyer's or seller's market?
Tennessee leans toward a buyer's market.
Homes are taking longer to sell and homes for sale are building up relative to new listings, which gives buyers more room to negotiate.
Based on a median of 71 days on market and 21% of listings with a price cut in the typical Tennessee ZIP code, and 10,650 new listings against 37,017 active listings across Tennessee, as of September 2026 (Realtor.com).
The outlook
Tennessee housing market forecast 2027
+1.0%
Weighted average of Zillow's ZIP forecasts, 12 months to September 2027
A weighted average of Zillow's ZIP forecasts, across 468 Tennessee ZIP codes, points to typical home values rising 1.0% by September 2027.
Over the 12 months through September 2026, typical home values in Tennessee rose 3.9%, per the Zillow Home Value Index.
Will home prices drop in Tennessee?
The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Tennessee shows typical home values rising 1.0% by September 2027, after a 3.9% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.
How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 468 Tennessee ZIP codes have both figures.
Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.
Market board
Which Tennessee markets have the highest home values?
As of September 2026
- 1Brentwood, TN$1,220,331Up4.3%1 ZIP market; open the Brentwood, TN market page
- 2Franklin, TN$941,539Up3.0%3 ZIP markets; open the Franklin, TN market page
- 3Hendersonville, TN$509,903Up0.6%1 ZIP market; open the Hendersonville, TN market page
- 4Collierville, TN$504,970Down1.4%1 ZIP market; open the Collierville, TN market page
- 5Nashville, TN$491,430Down1.5%19 ZIP markets; open the Nashville, TN market page
- 6Gallatin, TN$441,341Up0.6%1 ZIP market; open the Gallatin, TN market page
- 7Murfreesboro, TN$429,812Down0.3%4 ZIP markets; open the Murfreesboro, TN market page
- 8Smyrna, TN$402,185Down0.8%1 ZIP market; open the Smyrna, TN market page
- 9Maryville, TN$401,320Up2.6%3 ZIP markets; open the Maryville, TN market page
- 10Knoxville, TN$376,931Up0.8%17 ZIP markets; open the Knoxville, TN market page
- 11Powell, TN$360,028Up2.5%1 ZIP market; open the Powell, TN market page
- 12Chattanooga, TN$325,510Down1.2%15 ZIP markets; open the Chattanooga, TN market page
- 13Belfast, TN$320,162Up7.4%1 ZIP market; open the Belfast, TN market page
- 14Clarksville, TN$304,511Up0.6%3 ZIP markets; open the Clarksville, TN market page
- 15Crossville, TN$297,745Up2.2%4 ZIP markets; open the Crossville, TN market page
- 16Johnson City, TN$282,552Up1.5%3 ZIP markets; open the Johnson City, TN market page
- 17Kingsport, TN$252,410Down1.2%4 ZIP markets; open the Kingsport, TN market page
- 18Erin, TN$227,639Up9.0%1 ZIP market; open the Erin, TN market page
- 19Milan, TN$185,011Up1.6%1 ZIP market; open the Milan, TN market page
- 20Union City, TN$173,004Up7.9%1 ZIP market; open the Union City, TN market page
- 21Reagan, TN$160,540Up9.3%1 ZIP market; open the Reagan, TN market page
- 22Memphis, TN$143,481Down2.5%25 ZIP markets; open the Memphis, TN market page
Typical value is the median Zillow home value (ZHVI) across each city's ZIP codes, as of September 2026. 1-yr change compares that median to the same ZIPs a year earlier. More TN markets publish as their data clears editorial QA.
Zillow ZHVI, September 2026
Need a faster exit
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- Sell my house fast in Brentwood
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- Sell my house fast in Kingsport
- Sell my house fast in Erin
- Sell my house fast in Milan
- Sell my house fast in Union City
- Sell my house fast in Reagan
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Cities
Pick a city.
- Brentwood1 ZIP
- Franklin3 ZIPs
- Hendersonville1 ZIP
- Collierville1 ZIP
- Nashville19 ZIPs
- Gallatin1 ZIP
- Murfreesboro4 ZIPs
- Smyrna1 ZIP
- Maryville3 ZIPs
- Knoxville17 ZIPs
- Powell1 ZIP
- Chattanooga15 ZIPs
- Belfast1 ZIP
- Clarksville3 ZIPs
- Crossville4 ZIPs
- Johnson City3 ZIPs
- Kingsport4 ZIPs
- Erin1 ZIP
- Milan1 ZIP
- Union City1 ZIP
- Reagan1 ZIP
- Memphis25 ZIPs
Common questions
Questions about Tennessee home prices.
What is the typical home price in Tennessee?
The typical home price in Tennessee is about $266K as of September 2026, based on the Zillow Home Value Index (the median of the index across Tennessee ZIP codes). In the typical Tennessee ZIP code, the median list price is $387K as of September 2026 (Realtor.com), which reflects what sellers are asking rather than what homes sell for.
Are home prices going up or down in Tennessee?
Typical home values in Tennessee are up 3.9% over the past year, based on the Zillow Home Value Index as of September 2026.
Is Tennessee a buyer's or seller's market?
Tennessee leans toward a buyer's market. Homes are taking longer to sell and homes for sale are building up relative to new listings, which gives buyers more room to negotiate. Based on a median of 71 days on market and 21% of listings with a price cut in the typical Tennessee ZIP code, and 10,650 new listings against 37,017 active listings across Tennessee, as of September 2026 (Realtor.com).
How long do homes take to sell in Tennessee?
In the typical Tennessee ZIP code, homes spend a median of 71 days on market as of September 2026, based on Realtor.com listing data. Pricing and condition decide how fast any one home sells, so treat the median as a benchmark rather than a promise.
The market is moving