State housing market · September 2026 data

Tennessee housing market

Across the 27 Tennessee markets WealthyBud tracks, the midpoint median listing price is $371,200 as of September 2026, and 11 of 27 are priced below a year ago. Sevierville is the most expensive ($589,500) and Union City the least ($227,450).

Midpoint median list price
$371,200
27 markets
Markets down YoY
11/27
September 2026
Active listings
36,774
Tracked markets
30-yr mortgage rate
7.28%
2026-10-01

What are home prices in each Tennessee market?

The table lists every Tennessee market WealthyBud tracks with its median listing price, year-over-year change, days on market, active listings, price-to-income ratio and the income needed to buy the median home. Select a market for its full report.

Tennessee housing markets — September 2026
MarketMedian list priceYoYDays on marketActivePrice-to-incomeIncome needed
Nashville$533,995-1.0%6212,1506.5$135,000
Memphis$299,950-8.7%725,4044.6$79,000
Knoxville$447,000-0.7%603,7496.4$113,000
Chattanooga$395,000-1.2%673,0725.8$102,000
Sevierville$589,500-8.0%952,1809.2$145,000
Clarksville$340,0000.0%692,1295.1$88,000
Kingsport$339,450+3.8%641,1916.1$87,000
Cookeville$386,900+1.8%687617.3$97,000
Jackson$297,450-3.3%687015.1$76,000
Cleveland$380,000+1.2%686856.0$96,000
Johnson City$417,450+3.7%656577.4$106,000
Crossville$399,125-4.5%876166.8$98,000
Morristown$479,500+4.6%665198.2$120,000
Tullahoma$374,033-2.1%643376.1$96,000
Athens$364,000+4.2%763186.1$90,000
Winchester$438,500+9.8%733187.1$112,000
Greeneville$369,925+5.7%702676.8$92,000
Shelbyville$371,200-2.9%592356.0$94,000
Lewisburg$381,225+2.5%662315.4$97,000
McMinnville$338,724+4.7%662146.3$85,000
Lawrenceburg$332,975-4.6%832086.3$84,000
Newport$389,900+0.1%801958.1$100,000
Paris$324,750+11.0%641886.7$82,000
Fayetteville$340,563+4.8%721365.4$86,000
Dyersburg$284,950+26.1%701185.2$73,000
Union City$227,450-1.8%731044.3$58,000
Martin$255,450+8.7%53915.2$65,000

Are home prices rising or falling in Tennessee?

Dyersburg posted the biggest year-over-year change in Tennessee (+26.1%) and Memphis the weakest (-8.7%). The midpoint change across the state's tracked markets is +1.2%, with 36,774 homes actively listed.

How much income do you need to buy a home in Tennessee?

Buying the median listing with 20% down at the current 7.28% rate takes about $58,000 a year in Union City and $145,000 in Sevierville, keeping principal, interest and property tax at 28% of income.

Tennessee housing market FAQ

What is the median home price in Tennessee?
Across WealthyBud's 27 tracked Tennessee markets, median listing prices have a midpoint of $371,200 as of September 2026, from $227,450 in Union City to $589,500 in Sevierville.
Are home prices falling in Tennessee?
11 of 27 tracked Tennessee markets have median listing prices below a year ago as of September 2026. The weakest is Memphis at -8.7%.
What is the most expensive housing market in Tennessee?
Sevierville has the highest median listing price among tracked Tennessee markets at $589,500 (September 2026).
How much income do you need to buy a home in Tennessee?
Buying the median listing with 20% down at the current 7.28% rate takes about $58,000 a year in Union City and $145,000 in Sevierville, keeping principal, interest and property tax at 28% of income. Insurance, HOA and PMI are excluded.

Working in Tennessee real estate? See Tennessee agent salary (BLS median $46,250) and how to get licensed. Compare states on the state hub index or see where prices are falling nationwide.

Andre Fontaine Mortgage Market Analyst

Andre Fontaine is a mortgage market analyst who covers rate trends, loan products and lending standards using public Federal Reserve and HMDA data. He focuses on how financing conditions affect buyer affordability across income levels.

Editorial persona: WealthyBud bylines are editorial personas, not real individuals. Pages are produced by the WealthyBud research team from the public data cited on each page.