Market Overview
Home Prices in Bulls Gap, TN
The median home value in Bulls Gap, TN is $246,148 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9% compared to a year ago and up 0.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Bulls Gap are priced40% below average. Bulls Gap is part of the Kingsport-Bristol, TN-VA metro area.
Over the past five years, Bulls Gap home values have risen by approximately51.7%, reflecting strong long-term appreciation in this market.
Price History
Bulls Gap Home Price Trend
City Comparison
Bulls Gap vs. National Median
At $246,148, homes in Bulls Gap cost 40% below the national median of $410,000. This makes Bulls Gap a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Bulls Gap?
20% Down Payment
$49,230
on $246,148
Monthly P&I
$1,284/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,631/mo
incl. taxes & insurance
Income Needed
$65,240
gross annual (30% rule)
10% Down Option
$24,615
+ PMI applies
Loan Amount (20% dn)
$196,918
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 Bulls Gap, TN?
The median home value in Bulls Gap is $246,148 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9% year-over-year.
How much have home prices changed in Bulls Gap?
Over the past year, home values in Bulls Gap have increased by 9%. Over five years, prices have risen approximately 51.7%.
How much do I need to earn to buy a home in Bulls Gap?
To comfortably afford the median home price of $246,148 with a 20% down payment ($49,230) at today's rates (6.8%), you'd need a gross annual income of approximately $65,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Bulls Gap compare to the national average home price?
The national median home value is approximately $410,000. At $246,148, homes in Bulls Gap are 40% below the national average.
What metro area is Bulls Gap part of?
Bulls Gap is part of the Kingsport-Bristol, TN-VA metropolitan area. Home prices and market conditions can vary across the broader metro region.