Zillow Tennessee Homes With Land (2024)

FAQs

Why is it so cheap to live in Tennessee? ›

Tennessee and its surrounding region are home to robust agricultural production and food processing that efficiently provide affordable grocery options. This grocery discount is just another small factor that makes a big difference in the Tennessee cost of living.

There are currently 39,872 homes for sale in Tennessee. The median list price in Tennessee is $424,900 and the average price per square foot is $206.

Statewide, an average acre of Tennessee land is worth $14,400, but it's all about location. The average sales amount for a 251,911 square foot lot in one of Unicoi County's prime locations is $59,408, according to FindAnyAnswer.com. Tennessee's $14,400 per acre average cost compares to $12,100 in the lower 48 states.

A look back at Villa Collina's history. Mike and Deane Conley were the first owners of the Italianate-style mansion and built the house in stages between 1993 and 2000. It is the largest house in Tennessee and the 84th largest in the country, according to the Villa Collina website.

Memphis has the lowest cost of living in Tennessee, making it an affordable option for those looking to relocate.

$27,200 is the 25th percentile. Salaries below this are outliers. $37,200 is the 75th percentile.

Investing in land lets you fully partake in Tennessee's natural riches. Tennessee's long growing season and high-quality soil make agriculture a $3.9 billion industry here. There's ample opportunity to generate income through farming row crops, produce, cattle, timber or specialty foods.

How is property taxed in Tennessee? Property tax is a local tax based on the value of your house and land, which is determined by county assessors. The average tax rate was 0.67 percent of a property's assessed value in 2021, according to the Tax Foundation. Rates vary by county and municipality.

Land can be had for around $4,700 per acre per the USDA. Soil in the east is ideal for growing tomatoes, as the limestone in it gives crops an acidic taste. Farms for sale in Tennessee can be found throughout the state, as can rural parcels that provide hunting and fishing opportunities.

What is the richest part of Tennessee? The richest part of Tennessee is Brentwood, a suburb of Nashville known for its picturesque neighborhoods, well-maintained parks, and easy access to local entertainment.

What is the hottest real estate market in Tennessee? ›

Tennessee has some of the lowest property taxes in the U.S. The median annual property tax paid by homeowners in Tennessee is $1,317, about half the national average.

The state's low cost of living and property taxes, coupled with no state income tax, make Tennessee an economically attractive option despite a higher sales tax rate.

You could hop down to Mississippi (the lowest cost of living among 50 states and the District of Columbia), Alabama (fourth lowest), or Georgia (fifth lowest), but Tennessee is more affordable than nearby states like Arkansas, Kentucky, South Carolina, North Carolina, and Florida.

If you're looking to relocate to a new state, Tennessee could be a good choice. Your money will go further thanks to the relatively low cost of living, relatively low property taxes and the absence of state income taxes.

Mississippi: According to World Population Review, in 2023, Mississippi holds the title of the cheapest state to live in the United States. Its cost of living index is 85, and overall costs in the state are 17% lower than the national average.