Local Real Estate Sees Prices Increase

Real Estate Buyers are competing for a limited supply of housing, driving up prices for affordable properties in Tennessee.

The typical home value in the United States was $359,741 in March 2025, 1.2% higher than the year before.

Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.

Local areas in the top 50 cities & communities with the fastest-growing home prices in Tennessee using data from Zillow are…

#38….Lynnville, Typical home value: $318,429, with a 1-year price change: +$21,707 (+7.3%), and a 5-year price change: +$118,603 (+59.4%).

#18….Petersburg, Typical home value: $299,656, with a 1-year price change: +$26,284 (+9.6%), and a 5-year price change: +$103,659 (+52.9%).

#15….Santa Fe, Typical home value: $470,100, with a 1-year price change: +$26,482 (+6.0%), and a 5-year price change: +$192,013 (+69.0%).