Market Overview
Home Prices in Germantown, TN
The median home value in Germantown, TN is $495,031 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.2% compared to a year ago and down 1.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Germantown are priced21% above average. Germantown is part of the Memphis, TN-MS-AR metro area.
Over the past five years, Germantown home values have risen by approximately16.0%, reflecting steady appreciation in this market.
Price History
Germantown Home Price Trend
City Comparison
Germantown vs. National Median
At $495,031, homes in Germantown cost 21% above the national median of $410,000. Buyers in Germantown should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Germantown?
20% Down Payment
$99,006
on $495,031
Monthly P&I
$2,582/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,279/mo
incl. taxes & insurance
Income Needed
$131,160
gross annual (30% rule)
10% Down Option
$49,503
+ PMI applies
Loan Amount (20% dn)
$396,025
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 Germantown, TN?
The median home value in Germantown is $495,031 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.2% year-over-year.
How much have home prices changed in Germantown?
Over the past year, home values in Germantown have decreased by 1.2%. Over five years, prices have risen approximately 16.0%.
How much do I need to earn to buy a home in Germantown?
To comfortably afford the median home price of $495,031 with a 20% down payment ($99,006) at today's rates (6.8%), you'd need a gross annual income of approximately $131,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Germantown compare to the national average home price?
The national median home value is approximately $410,000. At $495,031, homes in Germantown are 21% above the national average.
What metro area is Germantown part of?
Germantown is part of the Memphis, TN-MS-AR metropolitan area. Home prices and market conditions can vary across the broader metro region.