Tennessee Affordability
How affordable is Tennessee real estate?
Public Record + Census ACS
Median Home Price
$483.2K
Median Household Income
$64,035
Affordability Index
7.55
vs National Avg
+10.7%
Cities in Tennessee by Affordability
| # | City | Median Price | Index |
|---|---|---|---|
| 1 | Bristol | $202.5K | 3.16 |
| 2 | Cookeville | $257.8K | 4.03 |
| 3 | Greeneville | $266.5K | 4.16 |
| 4 | Memphis | $267.5K | 4.18 |
| 5 | Jackson | $269.5K | 4.21 |
| 6 | Morristown | $298.8K | 4.67 |
| 7 | Crossville | $303K | 4.73 |
| 8 | Kingsport | $319.6K | 4.99 |
| 9 | Johnson City | $320.2K | 5.00 |
| 10 | Clarksville | $331.4K | 5.18 |
| 11 | Hixson | $340.8K | 5.32 |
| 12 | Cleveland | $346.3K | 5.41 |
| 13 | Columbia | $360.8K | 5.64 |
| 14 | Sparta | $382.6K | 5.97 |
| 15 | Greenback | $409.6K | 6.40 |
| 16 | Winchester | $412.4K | 6.44 |
| 17 | Chattanooga | $419.2K | 6.55 |
| 18 | Maryville | $422K | 6.59 |
| 19 | Loudon | $423.1K | 6.61 |
| 20 | Murfreesboro | $469.9K | 7.34 |
| 21 | Lebanon | $494.1K | 7.72 |
| 22 | Sevierville | $518K | 8.09 |
| 23 | Antioch | $536.5K | 8.38 |
| 24 | Gallatin | $566.2K | 8.84 |
| 25 | Germantown | $591.4K | 9.24 |
| 26 | Knoxville | $597.5K | 9.33 |
| 27 | Spring Hill | $626.7K | 9.79 |
| 28 | Collierville | $635.2K | 9.92 |
| 29 | Nashville | $971.5K | 15.17 |
| 30 | Franklin | $3.24M | 50.55 |
Methodology
Affordability index = local median home price ÷ state median household income. A value of 4.0 means homes cost 4x annual income (roughly the historical "rule of thumb" ceiling). Higher values = less affordable.
Income figures: US Census Bureau, ACS 5-year estimates (state level). Sale prices: MarketTimeline public-record SOLD events, last 12 months.