Market Overview
Home Prices in Grimsley, TN
The median home value in Grimsley, TN is $267,435 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.8% compared to a year ago and up 3.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Grimsley are priced35% below average.
Price History
Grimsley Home Price Trend
2022
$210,104
$210K
—
2023
$221,148
$221K
+5.3%
2024
$247,391
$247K
+11.9%
2025
$255,179
$255K
+3.1%
2026
$267,435
$267K
+4.8%
City Comparison
Grimsley vs. National Median
🏠 Grimsley
$267,435
National Median
$410,000
At $267,435, homes in Grimsley cost 35% below the national median of $410,000. This makes Grimsley a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Grimsley?
20% Down Payment
$53,487
on $267,435
Monthly P&I
$1,395/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,772/mo
incl. taxes & insurance
Income Needed
$70,880
gross annual (30% rule)
10% Down Option
$26,744
+ PMI applies
Loan Amount (20% dn)
$213,948
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 Grimsley, TN?
The median home value in Grimsley is $267,435 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.8% year-over-year.
How much have home prices changed in Grimsley?
Over the past year, home values in Grimsley have increased by 4.8%.
How much do I need to earn to buy a home in Grimsley?
To comfortably afford the median home price of $267,435 with a 20% down payment ($53,487) at today's rates (6.8%), you'd need a gross annual income of approximately $70,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Grimsley compare to the national average home price?
The national median home value is approximately $410,000. At $267,435, homes in Grimsley are 35% below the national average.