Market Overview
Home Prices in Gilt Edge, TN
The median home value in Gilt Edge, TN is $235,956 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.5% compared to a year ago and down 1.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gilt Edge are priced42% below average. Gilt Edge is part of the Memphis, TN-MS-AR metro area.
Price History
Gilt Edge Home Price Trend
2022
$206,975
$207K
—
2023
$215,935
$216K
+4.3%
2024
$234,501
$235K
+8.6%
2025
$230,285
$230K
-1.8%
2026
$235,956
$236K
+2.5%
City Comparison
Gilt Edge vs. National Median
🏠 Gilt Edge
$235,956
National Median
$410,000
At $235,956, homes in Gilt Edge cost 42% below the national median of $410,000. This makes Gilt Edge a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gilt Edge?
20% Down Payment
$47,191
on $235,956
Monthly P&I
$1,231/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,563/mo
incl. taxes & insurance
Income Needed
$62,520
gross annual (30% rule)
10% Down Option
$23,596
+ PMI applies
Loan Amount (20% dn)
$188,765
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 Gilt Edge, TN?
The median home value in Gilt Edge is $235,956 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.5% year-over-year.
How much have home prices changed in Gilt Edge?
Over the past year, home values in Gilt Edge have increased by 2.5%.
How much do I need to earn to buy a home in Gilt Edge?
To comfortably afford the median home price of $235,956 with a 20% down payment ($47,191) at today's rates (6.8%), you'd need a gross annual income of approximately $62,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Gilt Edge compare to the national average home price?
The national median home value is approximately $410,000. At $235,956, homes in Gilt Edge are 42% below the national average.
What metro area is Gilt Edge part of?
Gilt Edge is part of the Memphis, TN-MS-AR metropolitan area. Home prices and market conditions can vary across the broader metro region.