Market Overview
Home Prices in Drummonds, TN
The median home value in Drummonds, TN is $277,296 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.7% compared to a year ago and down 0.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Drummonds are priced32% below average. Drummonds is part of the Memphis, TN-MS-AR metro area.
Over the past five years, Drummonds home values have risen by approximately33.2%, reflecting strong long-term appreciation in this market.
Price History
Drummonds Home Price Trend
City Comparison
Drummonds vs. National Median
At $277,296, homes in Drummonds cost 32% below the national median of $410,000. This makes Drummonds a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Drummonds?
20% Down Payment
$55,459
on $277,296
Monthly P&I
$1,446/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,836/mo
incl. taxes & insurance
Income Needed
$73,440
gross annual (30% rule)
10% Down Option
$27,730
+ PMI applies
Loan Amount (20% dn)
$221,837
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 Drummonds, TN?
The median home value in Drummonds is $277,296 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 Drummonds?
Over the past year, home values in Drummonds have increased by 3.7%. Over five years, prices have risen approximately 33.2%.
How much do I need to earn to buy a home in Drummonds?
To comfortably afford the median home price of $277,296 with a 20% down payment ($55,459) at today's rates (6.8%), you'd need a gross annual income of approximately $73,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Drummonds compare to the national average home price?
The national median home value is approximately $410,000. At $277,296, homes in Drummonds are 32% below the national average.
What metro area is Drummonds part of?
Drummonds is part of the Memphis, TN-MS-AR metropolitan area. Home prices and market conditions can vary across the broader metro region.