Market Overview
Home Prices in Friendship, TN
The median home value in Friendship, TN is $201,692 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.8% compared to a year ago and up 2.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Friendship are priced51% below average. Friendship is part of the Jackson, TN metro area.
Over the past five years, Friendship home values have risen by approximately41.5%, reflecting strong long-term appreciation in this market.
Price History
Friendship Home Price Trend
City Comparison
Friendship vs. National Median
At $201,692, homes in Friendship cost 51% below the national median of $410,000. This makes Friendship a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Friendship?
20% Down Payment
$40,338
on $201,692
Monthly P&I
$1,052/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,336/mo
incl. taxes & insurance
Income Needed
$53,440
gross annual (30% rule)
10% Down Option
$20,169
+ PMI applies
Loan Amount (20% dn)
$161,354
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 Friendship, TN?
The median home value in Friendship is $201,692 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.8% year-over-year.
How much have home prices changed in Friendship?
Over the past year, home values in Friendship have increased by 11.8%. Over five years, prices have risen approximately 41.5%.
How much do I need to earn to buy a home in Friendship?
To comfortably afford the median home price of $201,692 with a 20% down payment ($40,338) at today's rates (6.8%), you'd need a gross annual income of approximately $53,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Friendship compare to the national average home price?
The national median home value is approximately $410,000. At $201,692, homes in Friendship are 51% below the national average.
What metro area is Friendship part of?
Friendship is part of the Jackson, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.