I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Tennessee
💡 Key Tennessee housing market facts
| Data Point | Value | Rank | Compared to National Avg |
| Typical Home Value | $319,208[1] | #28 of 50 states | 13% lower |
| Median Listing Price | $427,450[2] | #23 of 50 states | 2.9% lower |
| Median Sale Price | $396,800[3] | #25 of 50 states | 5.2% lower |
| 30 Year Mortgage Rate | 7.05%[4] | #42 of 50 states | 1.1% higher |
| Median Days on Market | 61[5] | #32 of 50 states | 8.5% longer |
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🗺️ Buying a house in the Tennessee real estate market
Tennessee has an affordability score of 7.2, meaning it takes 7.2 years of the median household income ($54,833) to afford Tennessee's median home sale price ($396,800). Because of this, we rank Tennessee as the 17th least affordable state for buyers based strictly on prices compared to income.
| Data Point | Value | Rank | Compared to National Avg |
| Median Sale Price | $396,800[6] | #25 of 50 states | 5.2% lower |
| 30 Year Mortgage Rate | 7.05%[7] | #42 of 50 states | 1.1% higher |
| Median Household Income | $54,833[8] | #42 of 50 states | 15% lower |
| Affordability Ratio | 7.2 | #34 of 50 states | 13.2% higher |
| Buyers Agent Commission | 2.63%[9] | #42 of 50 states | 3.6% higher |
Resources for Tennessee home buyers
Preparing to buy in Tennessee
🗺️ Selling a house in the Tennessee real estate market
According to our detailed survey of Tennessee real estate agents, listing agents (those representing the seller) charge an average commission in Tennessee of 2.91%, which is the 12th highest in the United States. Buyers' agents charge an average commission of 2.63%, which is the 9th highest in the United States.
| Data Point | Value | Rank | Compared to National Avg |
| Median Listing Price | $427,450[10] | #23 of 50 states | 2.9% lower |
| Median Sale Price | $396,800[11] | #25 of 50 states | 5.2% lower |
| Median Days on Market | 61[12] | #32 of 50 states | 8.5% longer |
| Buyer's Agent Commission | 2.63%[13] | #42 of 50 states | 3.6% higher |
| Listing Agent Commission | 2.91%[14] | #39 of 50 states | 6.8% higher |
Resources for Tennessee home sellers
Preparing to sell in Tennessee
- 8 Steps to Selling a House in Tennessee
- Average Time to Sell a House in Tennessee
- When Is the Best Time to Sell a House in Tennessee?
- Top Real Estate Agents in Tennessee
Tennessee home selling costs and requirements
Moving to Tennessee
According to our recent moving trends survey[15], Tennessee is the 13th most desirable state to move to, with 12% of Americans indicating that they would choose to move there if money were no object. Likewise, 9% of survey respondents indicated that they would move to Nashville among a choice of America's largest cities, and 7% indicated that they would move to Memphis. Among medium-sized cities, 10% indicated that they would move to Knoxville.
Here's how Tennessee cities rank in a number of our research studies.
| Study | Best Tennessee city | Rank |
| Best Pizza Cities[16] | Nashville | 30th best |
| Best Coffee Cities[17] | Nashville | 23rd best |
| Best LGBTQ Cities[18] | Nashville | 38th best |
| Best Bike Cities[19] | Nashville | 16th best |
| Best Commuter Cities[20] | Memphis | 23rd best |