State housing costs
Tennessee housing costs, ownership, and rent in the latest ACS
Statewide evidence on home value, income, owner costs, housing stock, tenure, vacancy, and rent for borrower planning.
Source: U.S. Census Bureau
Last updated . Article facts reviewed through this date. Time-sensitive figures show their own as-of dates.
The local figures answer the first question: Tennessee's 2024 ACS housing baseline reports a median owner-occupied home value of $286,700, median household income of $69,595, and median selected monthly owner costs of $1,566 for owners with a mortgage. For borrower planning, those three reference points may help a borrower identify which statewide value, income, and recurring-cost assumptions need local replacement first. They remain separate medians, not the price, income, and monthly budget of one typical household, and the $1,566 measure is not a real-estate-tax figure or a current mortgage quote. A real decision continues to require local property evidence, borrower documentation, taxes, insurance, maintenance, association obligations, and current loan information.
For the next comparison in Tennessee, ACS vacancy includes categories beyond property currently offered for sale or rent, so 10.2% is not a live inventory rate and cannot measure competition for a selected home. Read beside the 66.9% owner share and 33.1% renter share, the vacancy figure helps describe how the broad stock was classified without predicting near-term supply. For borrower planning, a borrower should use current listings, property condition, days on market, concessions, and local professional context to answer transaction questions that 10.2% and 3,143,670 were not designed to resolve.