Market Overview
Home Prices in Collierville, TN
The median home value in Collierville, TN is $516,172 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.9% compared to a year ago and down 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Collierville are priced26% above average. Collierville is part of the Memphis, TN-MS-AR metro area.
Over the past five years, Collierville home values have risen by approximately18.5%, reflecting steady appreciation in this market.
Price History
Collierville Home Price Trend
City Comparison
Collierville vs. National Median
At $516,172, homes in Collierville cost 26% above the national median of $410,000. Buyers in Collierville should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Collierville?
20% Down Payment
$103,234
on $516,172
Monthly P&I
$2,692/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,419/mo
incl. taxes & insurance
Income Needed
$136,760
gross annual (30% rule)
10% Down Option
$51,617
+ PMI applies
Loan Amount (20% dn)
$412,938
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 Collierville, TN?
The median home value in Collierville is $516,172 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.9% year-over-year.
How much have home prices changed in Collierville?
Over the past year, home values in Collierville have decreased by 1.9%. Over five years, prices have risen approximately 18.5%.
How much do I need to earn to buy a home in Collierville?
To comfortably afford the median home price of $516,172 with a 20% down payment ($103,234) at today's rates (6.8%), you'd need a gross annual income of approximately $136,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Collierville compare to the national average home price?
The national median home value is approximately $410,000. At $516,172, homes in Collierville are 26% above the national average.
What metro area is Collierville part of?
Collierville is part of the Memphis, TN-MS-AR metropolitan area. Home prices and market conditions can vary across the broader metro region.