Market Overview
Home Prices in Elora, TN
The median home value in Elora, TN is $271,048 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.8% compared to a year ago and up 2.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elora are priced34% below average.
Over the past five years, Elora home values have risen by approximately40.2%, reflecting strong long-term appreciation in this market.
Price History
Elora Home Price Trend
2020
$170,670
$171K
—
2021
$193,357
$193K
+13.3%
2022
$225,855
$226K
+16.8%
2023
$231,309
$231K
+2.4%
2024
$243,405
$243K
+5.2%
2025
$249,106
$249K
+2.3%
2026
$271,048
$271K
+8.8%
City Comparison
Elora vs. National Median
🏠 Elora
$271,048
National Median
$410,000
At $271,048, homes in Elora cost 34% below the national median of $410,000. This makes Elora a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Elora?
20% Down Payment
$54,210
on $271,048
Monthly P&I
$1,414/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,796/mo
incl. taxes & insurance
Income Needed
$71,840
gross annual (30% rule)
10% Down Option
$27,105
+ PMI applies
Loan Amount (20% dn)
$216,838
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 Elora, TN?
The median home value in Elora is $271,048 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.8% year-over-year.
How much have home prices changed in Elora?
Over the past year, home values in Elora have increased by 8.8%. Over five years, prices have risen approximately 40.2%.
How much do I need to earn to buy a home in Elora?
To comfortably afford the median home price of $271,048 with a 20% down payment ($54,210) at today's rates (6.8%), you'd need a gross annual income of approximately $71,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Elora compare to the national average home price?
The national median home value is approximately $410,000. At $271,048, homes in Elora are 34% below the national average.