The 10 Best Places To Buy A House In Tennessee For 2021


Using science and data, we can tell you which places in Tennessee have seen home prices rising and people flocking over the past year.

HomeSnacks is reader-supported. When you click through real estate links on our site, we earn an affiliate commission. Learn more.
Editor’s note: This is not investment advice and we are not financial advisers. Article updated for 2021.

There's a the age old question everyone thinks about when they decide to move to a city in Tennessee:

Should I buy a place or rent? Well, we aren't here today to solve that problem for you exactly. We are just assuming you'll do the right thing and a buy a place. And while we are happy to tell you the best place to live in Tennessee, this analysis is going to tackle the question of the best place to buy a house as an investor. That is we are going to try and determine the up and coming cities in the Volunteer State.

To do that we are going to look at places in Tennessee that are growing faster than average, but where home prices are below average. In every day terms, the "deals". The best deal in Tennessee at the moment? That would be Bolivar according to our analysis.

Here's a look at the top ten places to buy a home in Tennessee for 2021.

The 10 Best Places To Buy A Home In Tennessee For 2021

  1. Bolivar
  2. Dunlap
  3. Lafayette
  4. Mount Carmel
  5. McKenzie
  6. Rockwood
  7. Jonesborough
  8. Thompson's Station
  9. Loudon
  10. Sweetwater

What's the best place to buy a home in Tennessee for 2021? According to our analysis, would the the ideal place to buy a home looking into the future.

The methodology that wen't into this can be a bit complicated, so we'll break it down for you in as much detail as we can below. If you're not worried about finding a deal on good places to live, check out the most expensive places to live in Tennessee and, for those of you on a budget, the cheapest places to live in Tennessee.

For more Tennessee reading, check out:

The 10 Best Cities To Buy A House In Tennessee For 2021

Bolivar, TN

Overall SnackAbility

4
/10

Population: 5,031
Median Home Price: $94,400
Population Change: 0.6%
Home Price Change: 0.4%
More on Bolivar: PhotosHomes For Sale | Data

Dunlap, TN

Overall SnackAbility

4
/10

Population: 5,103
Median Home Price: $107,500
Population Change: 0.4%
Home Price Change: -4.2%
More on Dunlap: PhotosHomes For Sale | Data

Overall SnackAbility

3
/10

Population: 5,171
Median Home Price: $95,800
Population Change: 2.3%
Home Price Change: 3.3%
More on Lafayette: Homes For Sale | Data

Mount Carmel, TN

Overall SnackAbility

5
/10

Population: 5,293
Median Home Price: $151,600
Population Change: -0.6%
Home Price Change: 6.8%
More on Mount Carmel: PhotosHomes For Sale | Data

Overall SnackAbility

4
/10

Population: 5,328
Median Home Price: $94,100
Population Change: -0.7%
Home Price Change: 5.0%
More on Mckenzie: Homes For Sale | Data

Rockwood, TN

Overall SnackAbility

4
/10

Population: 5,423
Median Home Price: $83,200
Population Change: 0.1%
Home Price Change: 2.6%
More on Rockwood: PhotosHomes For Sale | Data

Jonesborough, TN

Overall SnackAbility

8
/10

Population: 5,427
Median Home Price: $169,000
Population Change: 2.0%
Home Price Change: 4.2%
More on Jonesborough: PhotosHomes For Sale | Data

Overall SnackAbility

6
/10

Population: 5,456
Median Home Price: $420,400
Population Change: 14.8%
Home Price Change: 6.5%
More on Thompson's Station: Homes For Sale | Data

Loudon, TN

Overall SnackAbility

6
/10

Population: 5,747
Median Home Price: $123,300
Population Change: 1.1%
Home Price Change: 8.0%
More on Loudon: PhotosHomes For Sale | Data

Sweetwater, TN

Overall SnackAbility

5
/10

Population: 5,873
Median Home Price: $120,800
Population Change: 0.1%
Home Price Change: -1.9%
More on Sweetwater: PhotosHomes For Sale | Data

How do you determine the best places to buy a home in Tennessee for 2021?

We were in real estate for almost five years and have been working on this site for another three. Suffice is to say, we've put a lot of thought into what goes into finding a good place to buy a home.

So all that thinking has come to this moment where we get to spell out how we'd approach finding an up-and-coming place to live in Tennessee. Put differently, the analysis will try to find places in Tennessee with undervalued homes relative to pent up demand.

To do that we looked at the most recent American Community Survey Census data for 2015-2019 and compared it to the previous vintage (2012-2016). Specifically, we used the following criteria:

  • Y-o-Y Change In Population (People want to live here)
  • Y-o-Y Change In Median Home Prices (People are willing to pay for it)
  • Home Prices Relative To The State Average (It's still kinda cheap)

We want places that are growing, have seen home prices increase in recent years, and are still "cheap" for Tennessee with the following caveats:

So of the 0 cities and towns in Tennessee, only 98 places made it through our initial filters to even be considered.

We then ranked each place from 1 to 98 for the criteria mentioned above with 1 being the best for that criteria. We averaged the rankings to create a "best place to buy" index with the place having the lowest index being the best. You can download the data here.

Turns out that Bolivar is the best potential gem in the not-so-rough in the Volunteer State.

Read on for more on these places.

There You Have It - The Best Places To Purchase A House In Tennessee for 2021

There's our analysis of the best places to buy a house in Tennessee. And, to be clear, we aren't necessarily saying these places are the best places to live, just that it looks like they might be in a couple of years based on the data.

In fact, every place in the following table meets our criteria, so even though it may not look super long, remember we started off with all 0 places in the state.

So if we'd could rent or buy in these cities, we'd definitely buy.

For more Tennessee reading, check out:

Detailed List Of The Best Places To Buy A Home In Tennessee

City Rank Median Home Price Population Change Home Price Increase
Bolivar 1 $94,400 0.6% 0.4%
Dunlap 2 $107,500 0.4% -4.2%
Lafayette 3 $95,800 2.3% 3.3%
Mount Carmel 4 $151,600 -0.6% 6.8%
Mckenzie 5 $94,100 -0.7% 5.0%
Rockwood 6 $83,200 0.1% 2.6%
Jonesborough 7 $169,000 2.0% 4.2%
Thompson's Station 8 $420,400 14.8% 6.5%
Loudon 9 $123,300 1.1% 8.0%
Sweetwater 10 $120,800 0.1% -1.9%
Erwin 11 $110,800 0.5% -5.5%
Kingston 12 $167,600 1.8% 8.9%
Munford 13 $168,300 0.6% 8.4%
Harriman 14 $105,500 -0.2% 8.3%
Pigeon Forge 15 $171,600 0.5% 5.1%
Henderson 16 $109,300 0.7% 1.4%
Millersville 17 $186,300 -3.3% 7.8%
Church Hill 18 $142,600 -0.2% 7.5%
Greenbrier 19 $178,900 0.7% 15.4%
Newport 20 $90,100 1.3% -3.7%
La Follette 21 $77,000 -0.8% 29.0%
Savannah 22 $115,000 -0.2% 5.2%
Fayetteville 23 $105,400 0.7% -1.1%
Dayton 24 $99,000 0.1% 0.2%
Pulaski 25 $101,800 -0.1% 8.5%
Milan 26 $106,000 -0.4% -1.0%
Lexington 27 $114,900 1.5% 2.7%
Oakland 28 $185,800 2.4% 8.0%
Ripley 29 $86,700 -0.9% 0.5%
Humboldt 30 $81,900 -0.7% 9.8%
Jefferson City 31 $127,400 0.0% 6.3%
Nolensville 32 $455,700 9.6% 6.4%
Signal Mountain 33 $345,900 0.2% -0.4%
Winchester 34 $146,800 1.5% 9.5%
Fairview 35 $225,900 1.9% 9.3%
Covington 36 $111,800 0.0% 5.4%
Lenoir City 37 $125,500 0.4% 3.6%
Atoka 38 $195,200 1.1% 1.5%
Alcoa 39 $137,800 -0.7% 7.2%
Brownsville 40 $88,100 -0.7% -5.8%
Clinton 41 $165,700 0.6% 1.5%
Paris 42 $94,700 0.0% -0.4%
Hartsville/trousdale County 43 $155,700 6.9% 16.9%
Union City 44 $96,700 -0.5% 3.1%
Martin 45 $128,600 -0.8% -0.7%
Millington 46 $129,000 -0.7% 8.8%
Manchester 47 $129,700 1.5% 11.2%
Lawrenceburg 48 $101,500 1.8% 15.9%
Collegedale 49 $229,000 0.2% 8.6%
Crossville 50 $147,000 1.6% 5.8%
Arlington 51 $238,500 0.1% 0.7%
Red Bank 52 $148,900 -0.0% 6.1%
White House 53 $215,600 2.9% 15.8%
Lewisburg 54 $96,800 2.3% 7.3%
Lakeland 55 $257,400 -0.2% 0.2%
Portland 56 $144,500 1.5% 7.0%
Soddy-Daisy 57 $145,800 -0.5% 7.2%
Elizabethton 58 $124,000 0.2% 1.2%
Mcminnville 59 $98,400 0.3% 6.1%
Athens 60 $148,800 0.7% 2.3%
Greeneville 61 $129,000 0.3% 0.7%
Dickson 62 $156,500 1.0% 7.0%
Dyersburg 63 $105,800 -0.5% 5.5%
Sevierville 64 $188,300 1.8% 2.4%
Goodlettsville 65 $218,800 -0.2% 5.3%
Springfield 66 $154,800 1.8% 9.7%
Tullahoma 67 $146,500 0.9% 11.5%
East Ridge 68 $130,400 0.2% 4.2%
Shelbyville 69 $124,500 1.3% 7.4%
Farragut 70 $370,400 1.7% 5.7%
Bristol 71 $133,600 0.3% 10.0%
Maryville 72 $204,500 1.6% 3.0%
Oak Ridge 73 $155,800 0.0% 2.0%
Morristown 74 $115,900 0.8% 3.6%
Lebanon 75 $223,600 5.0% 7.7%
Cookeville 76 $166,700 1.7% 3.4%
Mount Juliet 77 $274,800 4.5% 7.8%
La Vergne 78 $160,900 0.5% 8.3%
Gallatin 79 $222,800 5.6% 11.6%
Columbia 80 $151,000 2.5% 9.6%
Germantown 81 $331,700 0.1% 3.1%
Spring Hill 82 $286,800 5.0% 11.2%
Brentwood 83 $655,400 1.0% 5.4%
Cleveland 84 $171,500 1.5% 4.4%
Smyrna 85 $189,800 2.5% 10.1%
Collierville 86 $319,300 1.0% 6.2%
Kingsport 87 $145,800 0.5% 3.4%
Hendersonville 88 $266,100 1.2% 8.3%
Bartlett 89 $185,100 0.5% 3.4%
Johnson City 90 $167,500 0.7% 1.0%
Jackson 91 $133,200 -0.0% 0.5%
Franklin 92 $412,400 3.4% 7.0%
Murfreesboro 93 $238,000 4.1% 10.3%
Clarksville 94 $154,300 1.5% 3.8%
Chattanooga 95 $167,500 1.3% 4.6%
Knoxville 96 $136,300 0.4% 5.8%
Memphis 97 $101,800 -0.2% 4.9%
Nashville 98 $239,000 0.6% 10.4%

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.