Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$367,601−0.8% YoY · prices are falling
Market right nowBalanced marketFewer homes for sale than last year, 17% have cut their price
Income needed to buy, per year$79,688About 0.9× the local median income ($90,590): affordable for a typical household
Days on market74 daysFaster than a year ago: sellers have the edge
Next 12 months−0.1%Zillow expects prices to stay about flat
The typical home in Fayette County, TN is worth $367,601, down 0.8% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $366,003, so the area is 0.4% overvalued. It is a balanced market: homes take about 74 days to sell, listings are down 2% from a year ago, 17% of listings have had a price cut. Zillow expects prices to fall about 0.1% over the next year. A household needs about $79,688 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $90,590. Typical rent is $2,032 a month, or $2,331 for a house. In the latest IRS figures, 725 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$367,601
Change in 1 year
−0.8%
Overvalued %
+0.4%
Show 7 more
Fair home value
$366,003
Change in 5 years
+16.8%
Zillow forecast, next 12 months
−0.1%
Home value to income
4.1×
Monthly mortgage payment (20% down)
$1,992
Income needed to afford it
$79,688
Property tax rate
0.34%
Rent and investing
Typical rent
$2,032
Typical rent for houses
$2,331
Price-to-rent ratio
15.1×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,301
Gross rental yield
6.63%
Cap rate (estimate)
4.31%
Market activity
Listings vs a year ago
−2.4%
Days on market
74
Listings with a price cut
17.1%
Show 3 more
Homes for sale
290
Pending sales per 100 listings
37
Asking price per sq ft
$183
People and jobs
Median household income
$90,590
Population change (1 year)
+1.2%
Unemployment rate
4.8%
Show 4 more
Population
45,071
Income adjusted for cost of living
$98,254
Net moves in (IRS)
+725
Cost of living (US = 100)
92.2
Schools, risk and environment
School rating (1 to 10)
2.6
FEMA hazard risk score (0 to 100)
76.0
Flood risk score
51.6
Show 3 more
Wildfire risk score
61.4
Walkability (1 to 20)
4.3
Road, rail and air noise
54 dB
Questions people ask
Is Fayette County, TN overvalued?
Home prices in Fayette County, TN are slightly above what local incomes have historically supported: fair value is about $366,003, so the area is 0.4% overvalued.
Is Fayette County, TN a buyer's or seller's market?
Fayette County, TN is a balanced market: homes take about 74 days to sell, listings are down 2% from a year ago, 17% of listings have had a price cut.
Are home prices going down in Fayette County, TN?
Home values in Fayette County, TN are down 0.8% over the last year. Zillow's forecast for the next 12 months is −0.1%.
How much do you need to earn to buy a home in Fayette County, TN?
A household needs about $79,688 a year to afford the typical home in Fayette County, TN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $90,590.