GITNUX MARKETDATA REPORT 2024

Statistics About The Average Cost Of A 3 Bedroom House In Tennessee

The average cost of a 3 bedroom house in Tennessee is around $250,000.

Statistic 1

"Approximately 62% of homes in Tennessee are owner-occupied."

Sources Icon

Statistic 2

"Franklin, TN has an average price for a 3-bedroom home around $400,000."

Sources Icon

Statistic 3

"In Memphis, TN, the average cost of a 3-bedroom house is around $200,000."

Sources Icon

Statistic 4

"The average listing price for homes in Knoxville, TN is $275,000."

Sources Icon

Statistic 5

"Chattanooga, TN has an average 3-bedroom home price of $250,000."

Sources Icon

Statistic 6

"The average home insurance cost in Tennessee is approximately $1,200 annually."

Sources Icon

Statistic 7

"The average cost of a 3-bedroom house in Nashville, TN is around $320,000."

Sources Icon

Statistic 8

"Tennessee has seen a population growth rate of 0.8% annually, contributing to rising home prices."

Sources Icon

Statistic 9

"The statewide average for property taxes in Tennessee is 0.64%, one of the lowest in the U.S."

Sources Icon

Statistic 10

"Home prices in Tennessee have risen by approximately 10% over the past year."

Sources Icon

Statistic 11

"Mortgage rates in Tennessee are currently averaging around 3.5%."

Sources Icon

Statistic 12

"The Tennessee housing market is considered highly competitive with homes selling within an average of 30 days."

Sources Icon

Statistic 13

"The number of homes sold in Tennessee has increased by 8% year-over-year."

Sources Icon

Statistic 14

"The rental market for a 3-bedroom home in Tennessee averages $1,500/month."

Sources Icon

Statistic 15

"The average cost per square foot for a home in Tennessee is about $150."

Sources Icon

Statistic 16

"The average home appreciation rate in Tennessee over the past 5 years is about 7% annually."

Sources Icon

Statistic 17

"The median home value in Tennessee is approximately $200,000."

Sources Icon

Statistic 18

"Homeownership rates in Tennessee are slightly higher than the national average at 67%."

Sources Icon

Statistic 19

"Nashville, TN saw a 15% increase in home prices in the last year."

Sources Icon

Statistic 20

"Sevierville, TN, located in a popular tourist area, has an average cost of a 3-bedroom home at $270,000."

Sources Icon

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!