SVEConnect

Home Prices Rising in some Local Areas

Stacker compiled a list of cities with the fastest-growing home prices in Tennessee using data from Zillow. Cities are ranked by the dollar change in the Zillow Home Values Index for all homes from the 12 months ending July 2023.

Data was available for 497 cities and towns in Tennessee.

#42. Whitwell

– Typical home value: $199,256
– 1-year price change: +$23,367 (+13.3%)
– 5-year price change: +$92,563 (+86.8%)
– Metro area: Chattanooga, TN-GA

#31. New Hope

– Typical home value: $214,868
– 1-year price change: +$24,364 (+12.8%)
– 5-year price change: data not available
– Metro area: Chattanooga, TN-GA

#18. Pikeville

– Typical home value: $198,655
– 1-year price change: +$27,825 (+16.3%)
– 5-year price change: +$108,943 (+121.4%)
– Metro area: not in a metro area

#4. Sewanee

– Typical home value: $426,934
– 1-year price change: +$34,243 (+8.7%)
– 5-year price change: +$190,631 (+80.7%)
– Metro area: Tullahoma-Manchester, TN

#1. Lookout Mountain

– Typical home value: $875,870
– 1-year price change: +$39,896 (+4.8%)
– 5-year price change: +$331,056 (+60.8%)
– Metro area: Chattanooga, TN-GA

The typical home value in the United States was $349,679 in July, 1.4% higher than the year before and a new record.