Market Overview
Home Prices in Medon, TN
The median home value in Medon, TN is $215,403 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.8% compared to a year ago and down 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Medon are priced47% below average. Medon is part of the Jackson, TN metro area.
Over the past five years, Medon home values have risen by approximately33.5%, reflecting strong long-term appreciation in this market.
Price History
Medon Home Price Trend
2020
$141,849
$142K
—
2021
$161,394
$161K
+13.8%
2022
$191,650
$192K
+18.7%
2023
$195,310
$195K
+1.9%
2024
$202,834
$203K
+3.9%
2025
$199,834
$200K
-1.5%
2026
$215,403
$215K
+7.8%
City Comparison
Medon vs. National Median
🏠 Medon
$215,403
National Median
$410,000
At $215,403, homes in Medon cost 47% below the national median of $410,000. This makes Medon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Medon?
20% Down Payment
$43,081
on $215,403
Monthly P&I
$1,123/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,426/mo
incl. taxes & insurance
Income Needed
$57,040
gross annual (30% rule)
10% Down Option
$21,540
+ PMI applies
Loan Amount (20% dn)
$172,322
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 Medon, TN?
The median home value in Medon is $215,403 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.8% year-over-year.
How much have home prices changed in Medon?
Over the past year, home values in Medon have increased by 7.8%. Over five years, prices have risen approximately 33.5%.
How much do I need to earn to buy a home in Medon?
To comfortably afford the median home price of $215,403 with a 20% down payment ($43,081) at today's rates (6.8%), you'd need a gross annual income of approximately $57,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Medon compare to the national average home price?
The national median home value is approximately $410,000. At $215,403, homes in Medon are 47% below the national average.
What metro area is Medon part of?
Medon is part of the Jackson, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.