Tennessee Market Overview
Tennessee is one of the country's premier relocation destinations, anchored by Nashville's emergence as a major economic city in its own right. No state income tax, warm climate, and a diversifying economy (Oracle, Amazon, AllianceBernstein have relocated headquarters here) keep demand strong. Knoxville and Chattanooga are seeing significant overflow appreciation as buyers discover them as affordable Nashville alternatives.
Knoxville is the value play right now — strong UT economy, improving amenities, and Nashville-overflow appreciation at significantly lower absolute prices. In Nashville, look beyond the 'hot' neighborhoods to Donelson and Antioch for value.
Nashville-area sellers have tremendous leverage. Corporate relocation buyers are well-capitalized and often on tight timelines — price to market and move quickly.
Top Cities in Tennessee
| City | Median Price | YoY Change | Days on Market | Price/Sqft |
|---|---|---|---|---|
| Nashville | $488K | +4.8% | 19d | $268 |
| Memphis | $198K | +3.8% | 28d | $108 |
| Knoxville | $318K | +5.2% | 20d | $178 |
| Chattanooga | $318K | +4.8% | 22d | $178 |
Market Health Indicators
Buyer Demographics
Affordability Calculator — Tennessee
Free Tools. No Signup. No Pressure.
Run the numbers with our free mortgage, affordability, and closing cost calculators — or connect with a local agent, lender, or cash buyer in your area.