The median home in Tennessee was worth $332,600 in 2024, up 73% from $191,900 in 2019. Since then, the FHFA house price index for the state has moved +2.6% over the year to 2026 Q2, after averaging +10.6% a year from 2020 to 2025.
Metro areas
| Metro area | Past year (to 2026 Q2) | 2020–2025 average |
|---|---|---|
| Nashville-Davidson--Murfreesboro--Franklin, TN | +1.6% | +10.0%/yr |
| Memphis, TN-MS-AR | +1.8% | +7.6%/yr |
| Chattanooga, TN-GA | +1.9% | +11.0%/yr |
| Clarksville, TN-KY | +2.1% | +10.3%/yr |
| Knoxville, TN | +3.9% | +12.7%/yr |
Home values in Tennessee's largest cities
| City | 2019 | 2024 | Change |
|---|---|---|---|
| Nashville, TN | $287,300 | $438,800 | +53% |
| Memphis, TN | $115,900 | $209,800 | +81% |
| Knoxville, TN | $155,400 | $294,700 | +90% |
| Chattanooga, TN | $198,300 | $323,700 | +63% |
| Clarksville, TN | $158,700 | $307,300 | +94% |
| Murfreesboro, TN | $273,500 | $456,700 | +67% |
Sources: U.S. Census Bureau, American Community Survey 1-year estimates (2019, 2023, 2024), median value of owner-occupied homes; FHFA all-transactions house price index for the state and for metro areas, through 2026 Q2. How Predictye calculates this.
Frequently asked questions
What is the median home value in Tennessee?
$332,600 in 2024, from the Census Bureau's American Community Survey (owners' estimates).
Are home prices in Tennessee going up or down?
The FHFA house price index for Tennessee moved +2.6% over the year to 2026 Q2, after averaging +10.6% a year from 2020 to 2025.
How much have Tennessee home values risen since 2019?
The median value rose from $191,900 in 2019 to $332,600 in 2024, +73%.