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Tennessee
Real Estate Appreciation & Housing Market Trends






Tennessee Real Estate Market & Appreciation

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Average Home Values

Median Home Value

$312,738

Number Of Homes And Apartments:

2,713,635

Tennessee Home Prices

> $1,386,816
$1,039,864 - $1,386,816
$693,208 - $1,039,863
$554,759 - $693,207
$416,001 - $554,758
$277,352 - $416,000
$138,630 - $277,351
$69,313 - $138,629
$0 - $69,312
2.2%
2.2%
2.6%
2.6%
7.2%
7.2%
7.8%
7.8%
13.9%
13.9%
22.8%
22.8%
26.3%
26.3%
11.2%
11.2%
6.1%
6.1%
0% 100.0%
% of Homes

Tennessee Appreciation Rates

Rent & Homeownership

Average Market Rent:

$1,780 / per month

Homeownership Rate

Owners
Renters
65.6%
65.6%
34.4%
34.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.1%
11.1%
88.9%
88.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
27.4%
27.4%
44.7%
44.7%
22.2%
22.2%
5.7%
5.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.6%
68.6%
3.6%
3.6%
5.7%
5.7%
13.5%
13.5%
8.5%
8.5%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.6%
1.6%
7.9%
7.9%
24.7%
24.7%
45.8%
45.8%
15.7%
15.7%
4.2%
4.2%
0% 100.0%
% of Homes