Market Overview
Home Prices in Algood, TN
The median home value in Algood, TN is $284,902 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.4% compared to a year ago and up 0.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Algood are priced31% below average. Algood is part of the Cookeville, TN metro area.
Over the past five years, Algood home values have risen by approximately31.9%, reflecting strong long-term appreciation in this market.
Price History
Algood Home Price Trend
City Comparison
Algood vs. National Median
At $284,902, homes in Algood cost 31% below the national median of $410,000. This makes Algood a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Algood?
20% Down Payment
$56,980
on $284,902
Monthly P&I
$1,486/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,887/mo
incl. taxes & insurance
Income Needed
$75,480
gross annual (30% rule)
10% Down Option
$28,490
+ PMI applies
Loan Amount (20% dn)
$227,922
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Algood, TN?
The median home value in Algood is $284,902 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.4% year-over-year.
How much have home prices changed in Algood?
Over the past year, home values in Algood have increased by 1.4%. Over five years, prices have risen approximately 31.9%.
How much do I need to earn to buy a home in Algood?
To comfortably afford the median home price of $284,902 with a 20% down payment ($56,980) at today's rates (6.8%), you'd need a gross annual income of approximately $75,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Algood compare to the national average home price?
The national median home value is approximately $410,000. At $284,902, homes in Algood are 31% below the national average.
What metro area is Algood part of?
Algood is part of the Cookeville, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.