Market Overview
Home Prices in Decherd, TN
The median home value in Decherd, TN is $265,550 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.4% compared to a year ago and up 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Decherd are priced35% below average. Decherd is part of the Tullahoma-Manchester, TN metro area.
Over the past five years, Decherd home values have risen by approximately31.2%, reflecting strong long-term appreciation in this market.
Price History
Decherd Home Price Trend
City Comparison
Decherd vs. National Median
At $265,550, homes in Decherd cost 35% below the national median of $410,000. This makes Decherd a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Decherd?
20% Down Payment
$53,110
on $265,550
Monthly P&I
$1,385/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,759/mo
incl. taxes & insurance
Income Needed
$70,360
gross annual (30% rule)
10% Down Option
$26,555
+ PMI applies
Loan Amount (20% dn)
$212,440
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 Decherd, TN?
The median home value in Decherd is $265,550 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.4% year-over-year.
How much have home prices changed in Decherd?
Over the past year, home values in Decherd have increased by 3.4%. Over five years, prices have risen approximately 31.2%.
How much do I need to earn to buy a home in Decherd?
To comfortably afford the median home price of $265,550 with a 20% down payment ($53,110) at today's rates (6.8%), you'd need a gross annual income of approximately $70,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Decherd compare to the national average home price?
The national median home value is approximately $410,000. At $265,550, homes in Decherd are 35% below the national average.
What metro area is Decherd part of?
Decherd is part of the Tullahoma-Manchester, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.