Data through September 2026 · updated 2026-11-08 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$252,394+6.7% YoY · prices are rising fast
Market right nowBuyer's marketMore homes for sale than last year, 21% have cut their price
Income needed to buy, per year$54,714About 0.9× the local median income ($63,014): affordable for a typical household
Days on market78 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+0.4%Zillow expects prices to stay about flat
The typical home in Polk County, TN is worth $252,394, up 6.7% from a year ago. That is well above what local incomes have historically supported: fair value is about $215,864, so the area is 16.9% overvalued. It is a buyer's market: homes take about 78 days to sell, listings are up 14% from a year ago, 21% of listings have had a price cut. Zillow expects prices to rise about 0.4% over the next year. A household needs about $54,714 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 $63,014. In the latest IRS figures, 228 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
$252,394
Change in 1 year
+6.7%
Overvalued %
+16.9%
Show 7 more
Fair home value
$215,864
Change in 5 years
+27.4%
Zillow forecast, next 12 months
+0.4%
Home value to income
4.0×
Monthly mortgage payment (20% down)
$1,368
Income needed to afford it
$54,714
Property tax rate
0.50%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,270
Market activity
Listings vs a year ago
+14.3%
Days on market
78
Listings with a price cut
20.7%
Show 3 more
Homes for sale
112
Pending sales per 100 listings
19
Asking price per sq ft
$225
People and jobs
Median household income
$63,014
Population change (1 year)
+1.0%
Unemployment rate
5.3%
Show 4 more
Population
18,592
Income adjusted for cost of living
$71,526
Net moves in (IRS)
+228
Cost of living (US = 100)
88.1
Schools, risk and environment
School rating (1 to 10)
7.0
FEMA hazard risk score (0 to 100)
31.2
Flood risk score
42.6
Show 3 more
Wildfire risk score
75.6
Walkability (1 to 20)
4.5
Road, rail and air noise
54 dB
Questions people ask
Is Polk County, TN overvalued?
Home prices in Polk County, TN are well above what local incomes have historically supported: fair value is about $215,864, so the area is 16.9% overvalued.
Is Polk County, TN a buyer's or seller's market?
Polk County, TN is a buyer's market: homes take about 78 days to sell, listings are up 14% from a year ago, 21% of listings have had a price cut.
Are home prices going down in Polk County, TN?
Home values in Polk County, TN are up 6.7% over the last year. Zillow's forecast for the next 12 months is +0.4%.
How much do you need to earn to buy a home in Polk County, TN?
A household needs about $54,714 a year to afford the typical home in Polk County, TN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $63,014.