Market Overview
Home Prices in Luray, TN
The median home value in Luray, TN is $175,282 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.4% compared to a year ago and down 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Luray are priced57% below average. Luray is part of the Jackson, TN metro area.
Over the past five years, Luray home values have risen by approximately14.3%, reflecting steady appreciation in this market.
Price History
Luray Home Price Trend
2020
$142,094
$142K
—
2021
$153,380
$153K
+7.9%
2022
$162,863
$163K
+6.2%
2023
$158,528
$159K
-2.7%
2024
$161,396
$161K
+1.8%
2025
$158,830
$159K
-1.6%
2026
$175,282
$175K
+10.4%
City Comparison
Luray vs. National Median
🏠 Luray
$175,282
National Median
$410,000
At $175,282, homes in Luray cost 57% below the national median of $410,000. This makes Luray a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Luray?
20% Down Payment
$35,056
on $175,282
Monthly P&I
$914/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,161/mo
incl. taxes & insurance
Income Needed
$46,440
gross annual (30% rule)
10% Down Option
$17,528
+ PMI applies
Loan Amount (20% dn)
$140,226
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 Luray, TN?
The median home value in Luray is $175,282 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.4% year-over-year.
How much have home prices changed in Luray?
Over the past year, home values in Luray have increased by 10.4%. Over five years, prices have risen approximately 14.3%.
How much do I need to earn to buy a home in Luray?
To comfortably afford the median home price of $175,282 with a 20% down payment ($35,056) at today's rates (6.8%), you'd need a gross annual income of approximately $46,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Luray compare to the national average home price?
The national median home value is approximately $410,000. At $175,282, homes in Luray are 57% below the national average.
What metro area is Luray part of?
Luray is part of the Jackson, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.