Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$334,422+2.0% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 28% have cut their price
Income needed to buy, per year$72,496About 1.1× the local median income ($66,911): a stretch for a typical household
Days on market70 daysAbout the same pace as a year ago
Next 12 months+1.9%Zillow expects prices to rise slightly
The typical home in Jefferson County, TN is worth $334,422, up 2.0% from a year ago. That is well above what local incomes have historically supported: fair value is about $280,755, so the area is 19.1% overvalued. It is a balanced market, leaning toward buyers: homes take about 70 days to sell, listings are up 9% from a year ago, 28% of listings have had a price cut. Zillow expects prices to rise about 1.9% over the next year. A household needs about $72,496 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 $66,911. Typical rent is $1,760 a month, or $2,071 for a house. In the latest IRS figures, 1,111 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
$334,422
Change in 1 year
+2.0%
Overvalued %
+19.1%
Show 7 more
Fair home value
$280,755
Change in 5 years
+34.0%
Zillow forecast, next 12 months
+1.9%
Home value to income
5.0×
Monthly mortgage payment (20% down)
$1,812
Income needed to afford it
$72,496
Property tax rate
0.43%
Rent and investing
Typical rent
$1,760
Typical rent for houses
$2,071
Price-to-rent ratio
15.8×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,153
Gross rental yield
6.32%
Cap rate (estimate)
4.11%
Market activity
Listings vs a year ago
+9.4%
Days on market
70
Listings with a price cut
27.6%
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Homes for sale
314
Pending sales per 100 listings
26
Asking price per sq ft
$251
People and jobs
Median household income
$66,911
Population change (1 year)
+1.4%
Unemployment rate
4.6%
Show 4 more
Population
60,024
Income adjusted for cost of living
$77,443
Net moves in (IRS)
+1,111
Cost of living (US = 100)
86.4
Schools, risk and environment
School rating (1 to 10)
5.9
FEMA hazard risk score (0 to 100)
44.9
Unhealthy air days a year
0
Show 4 more
Flood risk score
56.8
Wildfire risk score
42.9
Walkability (1 to 20)
5.7
Road, rail and air noise
55 dB
Questions people ask
Is Jefferson County, TN overvalued?
Home prices in Jefferson County, TN are well above what local incomes have historically supported: fair value is about $280,755, so the area is 19.1% overvalued.
Is Jefferson County, TN a buyer's or seller's market?
Jefferson County, TN is a balanced market, leaning toward buyers: homes take about 70 days to sell, listings are up 9% from a year ago, 28% of listings have had a price cut.
Are home prices going down in Jefferson County, TN?
Home values in Jefferson County, TN are up 2.0% over the last year. Zillow's forecast for the next 12 months is +1.9%.
How much do you need to earn to buy a home in Jefferson County, TN?
A household needs about $72,496 a year to afford the typical home in Jefferson County, TN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,911.