The Tennessee Housing Market Report is released three times per year based on data compiled from the St. Louis Fed, United States Census Bureau, and the Redfin Data Center. 

The report includes information and charts on many of the following trends with reference points to the Tennessee, Middle Tennessee, East Tennessee, West Tennessee, and United States housing markets:

• Median Sales Price
• Average Days on Market (DOM)
• Months of Housing Market Supply
• Median Mortgage Payment versus Rent
• Median Mortgage Payment as a Percentage of Income
• Median Housing Price to Income Ratio
• Housing Affordability Index

 

[Note: The median mortgage payment is calculated using the median sales price with a 20% down payment.]