Market Overview
Home Prices in Baneberry, TN
The median home value in Baneberry, TN is $476,519 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.7% compared to a year ago and up 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Baneberry are priced16% above average. Baneberry is part of the Morristown, TN metro area.
Over the past five years, Baneberry home values have risen by approximately48.8%, reflecting strong long-term appreciation in this market.
Price History
Baneberry Home Price Trend
City Comparison
Baneberry vs. National Median
At $476,519, homes in Baneberry cost 16% above the national median of $410,000. Buyers in Baneberry should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Baneberry?
20% Down Payment
$95,304
on $476,519
Monthly P&I
$2,485/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,156/mo
incl. taxes & insurance
Income Needed
$126,240
gross annual (30% rule)
10% Down Option
$47,652
+ PMI applies
Loan Amount (20% dn)
$381,215
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 Baneberry, TN?
The median home value in Baneberry is $476,519 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.7% year-over-year.
How much have home prices changed in Baneberry?
Over the past year, home values in Baneberry have increased by 3.7%. Over five years, prices have risen approximately 48.8%.
How much do I need to earn to buy a home in Baneberry?
To comfortably afford the median home price of $476,519 with a 20% down payment ($95,304) at today's rates (6.8%), you'd need a gross annual income of approximately $126,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Baneberry compare to the national average home price?
The national median home value is approximately $410,000. At $476,519, homes in Baneberry are 16% above the national average.
What metro area is Baneberry part of?
Baneberry is part of the Morristown, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.