Market Overview
Home Prices in McMinnville, TN
The median home value in McMinnville, TN is $259,479 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.7% compared to a year ago and up 1.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in McMinnville are priced37% below average. McMinnville is part of the McMinnville, TN metro area.
Over the past five years, McMinnville home values have risen by approximately34.1%, reflecting strong long-term appreciation in this market.
Price History
McMinnville Home Price Trend
City Comparison
McMinnville vs. National Median
At $259,479, homes in McMinnville cost 37% below the national median of $410,000. This makes McMinnville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in McMinnville?
20% Down Payment
$51,896
on $259,479
Monthly P&I
$1,353/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,718/mo
incl. taxes & insurance
Income Needed
$68,720
gross annual (30% rule)
10% Down Option
$25,948
+ PMI applies
Loan Amount (20% dn)
$207,583
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 McMinnville, TN?
The median home value in McMinnville is $259,479 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.7% year-over-year.
How much have home prices changed in McMinnville?
Over the past year, home values in McMinnville have increased by 1.7%. Over five years, prices have risen approximately 34.1%.
How much do I need to earn to buy a home in McMinnville?
To comfortably afford the median home price of $259,479 with a 20% down payment ($51,896) at today's rates (6.8%), you'd need a gross annual income of approximately $68,720. This assumes keeping total housing costs at or below 30% of gross income.
How does McMinnville compare to the national average home price?
The national median home value is approximately $410,000. At $259,479, homes in McMinnville are 37% below the national average.
What metro area is McMinnville part of?
McMinnville is part of the McMinnville, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.