Market Overview
Home Prices in Lafollette, TN
The median home value in Lafollette, TN is $237,085 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.6% compared to a year ago and up 0.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lafollette are priced42% below average. Lafollette is part of the Knoxville, TN metro area.
Over the past five years, Lafollette home values have risen by approximately51.3%, reflecting strong long-term appreciation in this market.
Price History
Lafollette Home Price Trend
City Comparison
Lafollette vs. National Median
At $237,085, homes in Lafollette cost 42% below the national median of $410,000. This makes Lafollette a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lafollette?
20% Down Payment
$47,417
on $237,085
Monthly P&I
$1,236/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,570/mo
incl. taxes & insurance
Income Needed
$62,800
gross annual (30% rule)
10% Down Option
$23,709
+ PMI applies
Loan Amount (20% dn)
$189,668
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 Lafollette, TN?
The median home value in Lafollette is $237,085 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.6% year-over-year.
How much have home prices changed in Lafollette?
Over the past year, home values in Lafollette have increased by 2.6%. Over five years, prices have risen approximately 51.3%.
How much do I need to earn to buy a home in Lafollette?
To comfortably afford the median home price of $237,085 with a 20% down payment ($47,417) at today's rates (6.8%), you'd need a gross annual income of approximately $62,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Lafollette compare to the national average home price?
The national median home value is approximately $410,000. At $237,085, homes in Lafollette are 42% below the national average.
What metro area is Lafollette part of?
Lafollette is part of the Knoxville, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.