Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$296,784+4.5% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 24% have cut their price
Income needed to buy, per year$64,337About 0.8× the local median income ($77,481): affordable for a typical household
Days on market64 daysAbout the same pace as a year ago
Next 12 months+2.1%Zillow expects prices to rise slightly
The typical home in Roane County, TN is worth $296,784, up 4.5% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $274,198, so the area is 8.2% overvalued. It is a balanced market: homes take about 64 days to sell, listings are up 6% from a year ago, 24% of listings have had a price cut. Zillow expects prices to rise about 2.1% over the next year. A household needs about $64,337 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 $77,481. Typical rent is $1,233 a month, or $1,469 for a house. In the latest IRS figures, 953 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
$296,784
Change in 1 year
+4.5%
Overvalued %
+8.2%
Show 7 more
Fair home value
$274,198
Change in 5 years
+32.7%
Zillow forecast, next 12 months
+2.1%
Home value to income
3.8×
Monthly mortgage payment (20% down)
$1,608
Income needed to afford it
$64,337
Property tax rate
0.53%
Rent and investing
Typical rent
$1,233
Typical rent for houses
$1,469
Price-to-rent ratio
20.1×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,048
Gross rental yield
4.99%
Cap rate (estimate)
3.24%
Market activity
Listings vs a year ago
+6.1%
Days on market
64
Listings with a price cut
24.0%
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Homes for sale
259
Pending sales per 100 listings
41
Asking price per sq ft
$208
People and jobs
Median household income
$77,481
Population change (1 year)
+1.1%
Unemployment rate
4.9%
Show 4 more
Population
57,395
Income adjusted for cost of living
$83,673
Net moves in (IRS)
+953
Cost of living (US = 100)
92.6
Schools, risk and environment
School rating (1 to 10)
6.8
FEMA hazard risk score (0 to 100)
69.0
Unhealthy air days a year
0
Show 4 more
Flood risk score
69.9
Wildfire risk score
47.7
Walkability (1 to 20)
5.2
Road, rail and air noise
53 dB
Questions people ask
Is Roane County, TN overvalued?
Home prices in Roane County, TN are slightly above what local incomes have historically supported: fair value is about $274,198, so the area is 8.2% overvalued.
Is Roane County, TN a buyer's or seller's market?
Roane County, TN is a balanced market: homes take about 64 days to sell, listings are up 6% from a year ago, 24% of listings have had a price cut.
Are home prices going down in Roane County, TN?
Home values in Roane County, TN are up 4.5% over the last year. Zillow's forecast for the next 12 months is +2.1%.
How much do you need to earn to buy a home in Roane County, TN?
A household needs about $64,337 a year to afford the typical home in Roane County, TN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $77,481.