Housing Market in Tennessee

Compare median home prices, monthly mortgages, and rent-vs-own ratios across 6 cities.

Avg Home Price

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Monthly Mortgage

$---

vs. National

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below average

Cities Tracked

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Home Price Landscape

Zillow ZHVI

Median home values by city. Dashed line = national average ($467,370).

$429,861

$421,928

$363,688

$316,024

$314,306

$142,870

City	Median Price	Mortgage/mo	Rent vs Own
Nashville	$429,861	$2,288	0.77
Murfreesboro	$421,928	$2,246	0.75
Knoxville	$363,688	$1,936	0.88
Clarksville	$316,024	$1,682	0.82
Chattanooga	$314,306	$1,673	0.90
Memphis	$142,870	$760	1.62

Zillow ZHVI — Zillow Home Value Index provides smoothed, seasonally-adjusted median home values per metro area.

Mortgage Model — 20% down, 7% 30-yr fixed. Property taxes, insurance, HOA are not included. Use as directional guidance only.

Rent vs Own Ratio — Monthly rent ÷ mortgage. Below 0.8 → buying favored. Above 1.2 → renting favored.

Updated monthly · March 2026

Crunching costs, sorting signals, rendering insights.