Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$348,511−1.0% YoY · prices are falling
Market right nowBuyer's marketMore homes for sale than last year, 26% have cut their price
Income needed to buy, per year$75,550About 1.0× the local median income ($78,271): affordable for a typical household
Days on market67 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+1.2%Zillow expects prices to rise slightly
The typical home in Hamilton County, TN is worth $348,511, down 1.0% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $331,772, so the area is 5.0% overvalued. It is a buyer's market: homes take about 67 days to sell, listings are up 19% from a year ago, 26% of listings have had a price cut. Zillow expects prices to rise about 1.2% over the next year. A household needs about $75,550 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 $78,271. Typical rent is $1,515 a month, or $1,880 for a house. In the latest IRS figures, 2,544 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
$348,511
Change in 1 year
−1.0%
Overvalued %
+5.0%
Show 7 more
Fair home value
$331,772
Change in 5 years
+22.0%
Zillow forecast, next 12 months
+1.2%
Home value to income
4.5×
Monthly mortgage payment (20% down)
$1,889
Income needed to afford it
$75,550
Property tax rate
0.61%
Rent and investing
Typical rent
$1,515
Typical rent for houses
$1,880
Price-to-rent ratio
19.2×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,340
Gross rental yield
5.22%
Cap rate (estimate)
3.39%
Market activity
Listings vs a year ago
+19.1%
Days on market
67
Listings with a price cut
26.2%
Show 3 more
Homes for sale
2,147
Pending sales per 100 listings
29
Asking price per sq ft
$213
People and jobs
Median household income
$78,271
Population change (1 year)
+0.9%
Unemployment rate
4.4%
Show 4 more
Population
390,833
Income adjusted for cost of living
$85,542
Net moves in (IRS)
+2,544
Cost of living (US = 100)
91.5
Schools, risk and environment
School rating (1 to 10)
6.2
FEMA hazard risk score (0 to 100)
93.3
Unhealthy air days a year
2
Show 4 more
Flood risk score
94.9
Wildfire risk score
70.6
Walkability (1 to 20)
7.8
Road, rail and air noise
53 dB
Questions people ask
Is Hamilton County, TN overvalued?
Home prices in Hamilton County, TN are slightly above what local incomes have historically supported: fair value is about $331,772, so the area is 5.0% overvalued.
Is Hamilton County, TN a buyer's or seller's market?
Hamilton County, TN is a buyer's market: homes take about 67 days to sell, listings are up 19% from a year ago, 26% of listings have had a price cut.
Are home prices going down in Hamilton County, TN?
Home values in Hamilton County, TN are down 1.0% over the last year. Zillow's forecast for the next 12 months is +1.2%.
How much do you need to earn to buy a home in Hamilton County, TN?
A household needs about $75,550 a year to afford the typical home in Hamilton County, TN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $78,271.