Are you looking to buy a home in Tennessee but not sure where to start? Well, we've got you covered! We've compiled a list of the top 10 best places to buy a home in Tennessee, so you can find the perfect home for you and your family.
10 Best Places to Buy a Home in Tennessee
Before choosing a city, it’s important to know how much of a home you can buy. While we love all of the cities found inside of the Volunteer State, it’s important to acknowledge there are some that are more expensive than others.
As you read this and compare median house prices, you can use our mortgage rate calculator to get an estimate of what your monthly mortgage payment may look like in each area.
Image Source: Tanner Boriack
Music, food, and fun! Nashville has it all. Known as the "Music City," it's a hub for music lovers and a great place to catch live performances. But Nashville has more to offer than just music. It's a diverse city with a booming economy, great schools, and plenty of entertainment options.
- Median Household Income: $65,565
- Median House Price: $291,400
This charming town just outside of Nashville has a small-town feel with big-city amenities. Franklin is steeped in history, with beautiful historic homes and landmarks. It's also home to great schools and a thriving downtown area with unique shops and restaurants.
- Median Household Income: $102,721
- Median House Price: $468,200
Images Source: Stratton DV Imaging
If you're looking for a peaceful and relaxed lifestyle, White House may be the perfect place for you. It's a small town with a strong sense of community and a great location for commuters who work in Nashville. White House also has excellent schools and plenty of outdoor recreational options. White House is a great city for first time home buyers to find a home with its variety of community amenities available to its residents.
- Median Household Income: $80,504
- Median House Price: $244,300
Springfield is a hidden gem in Robertson County. This historic town has a beautiful downtown area with unique shops and restaurants. It's also home to several parks and recreational areas, making it a great place to enjoy the outdoors. If you find yourself in Springfield, you can also stop in at Valor Mortgage to get an estimate of how much of a loan you qualify for! Or you can apply for a mortgage loan online today!
- Median Household Income: $50,655
- Median House Price: $174,400
As the largest city on our list, Murfreesboro has something for everyone. It's home to Middle Tennessee State University and has a diverse economy with job opportunities in healthcare, education, and manufacturing. Murfreesboro also has a bustling downtown area with great restaurants, shops, and entertainment options.
- Median Household Income: $66,984
- Median House Price: $274,600
Image Source: Clarksville Now
This charming town on the Tennessee-Kentucky border is full of character and history. Clarksville is home to Fort Campbell and Austin Peay State University, making it a great place for military families and students. It also has a lower cost of living than some of the other cities on our list.
- Median Household Income: $58,838
- Median House Price: $172,700
Image Source: CrackerClips Stock Media / Alamy Stock Photo
If you love the great outdoors, Knoxville may be the perfect place for you. Nestled in the Appalachian Mountains, Knoxville has stunning natural scenery and plenty of outdoor recreational options. It's also home to the University of Tennessee and a diverse economy with job opportunities in healthcare, education, and manufacturing.
- Median Household Income: $44,308
- Median House Price: $154,500
Image Source: ChooChoo.com
This scenic city on the Tennessee River is a great place for adventure seekers. Chattanooga is known for its outdoor activities, including hiking, rock climbing, and white-water rafting. It's also home to the Tennessee Aquarium and several historic landmarks.
- Median Household Income: $50,437
- Median House Price: $189,500
Image Source: Lets Roam
As the largest city in southwest Tennessee, Memphis has a rich cultural history. It's known for its music, food, and civil rights landmarks like the National Civil Rights Museum. Memphis also has a diverse economy with job opportunities in healthcare, education, and logistics.
- Median Household Income: $43,981
- Median House Price: $113,700
Image Source: Germantown Chamber of Commerce
This peaceful town just outside of Memphis is a great place to call home. It has great schools, a low crime rate, and a strong sense of community. Germantown also has several parks and recreational areas, as well as a variety of restaurants and shops.
- Median Household Income: $132,949
- Median House Price: $358,600
Ready to Make Tennessee Your Home?
Regardless of where you decide to find a home in Tennessee, we’re sure you will love living here. Of course, we are a bit biased since we live here. Regardless, moving here, you may need a home loan! If that’s the case, let’s get you started!
Just click here, and you can apply for a loan today and see how much you qualify for. Or, you can call Chris at (615) 671-9178.
Sources: All median household income and home prices are based on the 2017-2021 US Census.