Zillow Tn Homes (2024)

FAQs

Where is the cheapest place to live in Tennessee? ›

The Nashville, TN, housing market is seeing dynamic changes. As mentioned, in October 2023, Nashville's home prices were down, selling for a median price of $575k. However, the median sold price in November 2023 was $516,211. Showing a slight decrease.

The best cities in Tennessee include Nashville, Brentwood, Franklin, and Memphis. See what other towns comprise the best places to live in TN.

High demand and low supply are to blame for skyrocketing prices in Tennessee, Greater Nashville Realtors board member Collyn Wainwright said. Population growth in the state, especially since the COVID-19 pandemic, has created a surge in the demand for housing.

1. Church Hill. Church Hill comes in first as the safest city in Tennessee, according to the FBI database. Located about 80 miles northeast of Knoxville, Church Hill offers beautiful small-town living while still being convenient to urban areas.

$27,200 is the 25th percentile. Salaries below this are outliers. $37,200 is the 75th percentile.

$324,797. The average Tennessee home value is $324,797, up 4.7% over the past year and goes to pending in around 14 days.

Compared to the national average, the cost of living in Tennessee is relatively low, making it an attractive place to live. Residents consider Tennessee a great place to live, not just because of its thriving economy but also due to its low cost of living. The affordability extends to property taxes as well.

As of 2022, 17.9% of Tennessee homeowners were classified as cost-burdened, paying more than 30% of their incomes towards housing. For renters, the situation is even more dire, with 43.4% classified as cost-burdened.

Franklin, Chattanooga, and Knoxville often rank among the best places to live in Tennessee for retirees. Tennessee has a low cost of living and natural beauty. However, the state is also known for its adverse weather and natural disasters.

What state is moving to Tennessee the most? ›

In recent years, migration has been the main driver of population growth in Tennessee. Individuals who moved to Tennessee from other states mostly came from California, Texas, and the southeastern U.S. The largest contributors were Florida and California, sending 25,318 and 22,565 new residents respectively.

Nashville's vibrant culture, growing job market, and diverse neighborhoods offer appealing options for both renters and buyers. While buying a home can be a significant long-term investment, renting offers flexibility and less financial burden upfront.

Memphis has the lowest cost of living in Tennessee, making it an affordable option for those looking to relocate.

Crossville. The primary reason Crossville is highly rated as a retirement community is because it is a bargain. Median home prices ($133,000) are 27 percent lower than the national average, the cost of living is 16 percent lower (and six percent lower than Tennessee as a whole).

Statewide, an average acre of Tennessee land is worth $14,400, but it's all about location. The average sales amount for a 251,911 square foot lot in one of Unicoi County's prime locations is $59,408, according to FindAnyAnswer.com. Tennessee's $14,400 per acre average cost compares to $12,100 in the lower 48 states.

In general, Tennessee is not expensive to live in. The cost of living in Tennessee is relatively low compared to other states, with housing, utilities, groceries, and clothing all below the national average.

Tennessee is generally more affordable than Georgia, with lower housing costs and no state income tax. Georgia has a faster-growing population and a larger workforce than Tennessee. Georgia offers higher-ranked colleges and universities, and both states have highly-rated public schools.