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Cost of homeownership in Tennessee

State averages from Census ACS, energy costs from DOE EIA, and appreciation from FHFA. County-level detail is below.

Avg home value
$182,359
Avg property tax
$979
Homeownership rate
73.5%
1yr appreciation
0.5%

Home price trend

FHFA House Price Index, quarterly.

Most expensive counties

  1. 1.Williamson County$611,100
  2. 2.Wilson County$358,900
  3. 3.Davidson County$354,700
  4. 4.Sumner County$332,700
  5. 5.Rutherford County$305,100
  6. 6.Fayette County$282,600
  7. 7.Maury County$273,400
  8. 8.Robertson County$271,300
  9. 9.Loudon County$263,800
  10. 10.Cheatham County$262,200

Most affordable counties

  1. 1.Johnson County12.2%
  2. 2.Polk County12.2%
  3. 3.Perry County12.8%
  4. 4.Van Buren County13.0%
  5. 5.Pickett County13.1%
  6. 6.Meigs County13.2%
  7. 7.Bledsoe County13.4%
  8. 8.Henderson County13.5%
  9. 9.Warren County13.6%
  10. 10.Obion County13.6%
Avg electricity
13.2¢/kWh

DOE EIA residential average.

Avg annual energy cost
$1,423

Residential baseline.

Avg mortgage interest deduction
Pending

IRS SOI, state-level avg.

All counties in Tennessee

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.

Data sources

Disclaimer. HomeRule is not a real estate agent, lender, appraiser, or financial advisor. This content is for educational and informational purposes only. Actual costs vary significantly by property, location, and individual circumstances. Consult qualified professionals for personalized advice.