Cost of homeownership in Tennessee
State averages from Census ACS, energy costs from DOE EIA, and appreciation from FHFA. County-level detail is below.
Home price trend
FHFA House Price Index, quarterly.
Most expensive counties
- 1.Williamson County$611,100
- 2.Wilson County$358,900
- 3.Davidson County$354,700
- 4.Sumner County$332,700
- 5.Rutherford County$305,100
- 6.Fayette County$282,600
- 7.Maury County$273,400
- 8.Robertson County$271,300
- 9.Loudon County$263,800
- 10.Cheatham County$262,200
Most affordable counties
- 1.Johnson County12.2%
- 2.Polk County12.2%
- 3.Perry County12.8%
- 4.Van Buren County13.0%
- 5.Pickett County13.1%
- 6.Meigs County13.2%
- 7.Bledsoe County13.4%
- 8.Henderson County13.5%
- 9.Warren County13.6%
- 10.Obion County13.6%
DOE EIA residential average.
Residential baseline.
IRS SOI · TY 2022, state-level avg.
All counties in Tennessee
- Shelby County
- Davidson County
- Knox County
- Hamilton County
- Rutherford County
- Williamson County
- Montgomery County
- Sumner County
- Sullivan County
- Wilson County
- Blount County
- Washington County
- Bradley County
- Maury County
- Madison County
- Sevier County
- Putnam County
- Anderson County
- Robertson County
- Greene County
- Hamblen County
- Cumberland County
- Tipton County
- Coffee County
- Hawkins County
- Carter County
- Loudon County
- Jefferson County
- Dickson County
- Roane County
- McMinn County
- Bedford County
- Gibson County
- Monroe County
- Lawrence County
- Franklin County
- Fayette County
- Cheatham County
- Warren County
- Campbell County
- Dyer County
- Cocke County
- Lincoln County
- Marshall County
- Rhea County
- Weakley County
- Henry County
- Claiborne County
- Obion County
- Giles County
- Marion County
- Carroll County
- Henderson County
- White County
- Hardin County
- McNairy County
- Hardeman County
- Macon County
- Lauderdale County
- Hickman County
- Grainger County
- Overton County
- Scott County
- Morgan County
- DeKalb County
- Smith County
- Union County
- Humphreys County
- Fentress County
- Johnson County
- Unicoi County
- Haywood County
- Polk County
- Chester County
- Wayne County
- Sequatchie County
- Benton County
- Bledsoe County
- Cannon County
- Crockett County
- Stewart County
- Grundy County
- Meigs County
- Lewis County
- Jackson County
- Trousdale County
- Decatur County
- Perry County
- Houston County
- Clay County
- Lake County
- Hancock County
- Moore County
- Van Buren County
- Pickett County
Frequently asked questions
How much does it cost to own a home in Tennessee?
Based on Census ACS, the state average home value in Tennessee is $182,359, with median annual property tax around $979. Your actual cost depends on county and property.
What is the property tax in Tennessee?
Property tax rates vary by county. Tennessee's state average sits at roughly $979 per year on a median home. See county-level pages for local rates.
How fast are home prices appreciating in Tennessee?
FHFA House Price Index data shows Tennessee appreciating 0.5% over the last year and 51.9% over the last five years.
Is homeownership high in Tennessee?
Tennessee's homeownership rate is 73.5% (Census ACS). The share of owner-occupied units varies widely across counties.