Housing · Census ACS 2023
Housing Costs in Tennessee
Median home price
$307,300
#28 of 51 · 13% below US median
Median rent
$1,214/mo
#27 of 51 · 7% below US median
Tennessee Housing — FAQ
- What is the median home price in Tennessee?
- The median home value in Tennessee is $307,300 — 13% below the US median of $351,822 (Census ACS 2023). Tennessee ranks #28 of 51 for home prices.
- What is the average rent in Tennessee?
- The median gross rent in Tennessee is $1,214 per month — 7% below the US median of $1,300.
- Is Tennessee expensive to live in?
- For housing, Tennessee ranks #28 of 51 by home price and #27 by rent (1 = most expensive). Use our cost-of-living tools to compare total living costs.
Data source: U.S. Census Bureau — American Community Survey (ACS) 1-Year Estimates. See all states ranked or our methodology.