Market Overview
Home Prices in Gainesboro, TN
The median home value in Gainesboro, TN is $217,227 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0% compared to a year ago and up 1.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gainesboro are priced47% below average. Gainesboro is part of the Cookeville, TN metro area.
Over the past five years, Gainesboro home values have risen by approximately34.3%, reflecting strong long-term appreciation in this market.
Price History
Gainesboro Home Price Trend
City Comparison
Gainesboro vs. National Median
At $217,227, homes in Gainesboro cost 47% below the national median of $410,000. This makes Gainesboro a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gainesboro?
20% Down Payment
$43,445
on $217,227
Monthly P&I
$1,133/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,439/mo
incl. taxes & insurance
Income Needed
$57,560
gross annual (30% rule)
10% Down Option
$21,723
+ PMI applies
Loan Amount (20% dn)
$173,782
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 Gainesboro, TN?
The median home value in Gainesboro is $217,227 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0% year-over-year.
How much have home prices changed in Gainesboro?
Over the past year, home values in Gainesboro have increased by 0%. Over five years, prices have risen approximately 34.3%.
How much do I need to earn to buy a home in Gainesboro?
To comfortably afford the median home price of $217,227 with a 20% down payment ($43,445) at today's rates (6.8%), you'd need a gross annual income of approximately $57,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Gainesboro compare to the national average home price?
The national median home value is approximately $410,000. At $217,227, homes in Gainesboro are 47% below the national average.
What metro area is Gainesboro part of?
Gainesboro is part of the Cookeville, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.