Market Overview
Home Prices in Michie, TN
The median home value in Michie, TN is $200,560 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.6% compared to a year ago and down 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Michie are priced51% below average.
Over the past five years, Michie home values have risen by approximately27.2%, reflecting strong long-term appreciation in this market.
Price History
Michie Home Price Trend
2020
$139,154
$139K
—
2021
$157,711
$158K
+13.3%
2022
$181,880
$182K
+15.3%
2023
$192,009
$192K
+5.6%
2024
$197,140
$197K
+2.7%
2025
$191,729
$192K
-2.7%
2026
$200,560
$201K
+4.6%
City Comparison
Michie vs. National Median
🏠 Michie
$200,560
National Median
$410,000
At $200,560, homes in Michie cost 51% below the national median of $410,000. This makes Michie a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Michie?
20% Down Payment
$40,112
on $200,560
Monthly P&I
$1,046/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,328/mo
incl. taxes & insurance
Income Needed
$53,120
gross annual (30% rule)
10% Down Option
$20,056
+ PMI applies
Loan Amount (20% dn)
$160,448
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 Michie, TN?
The median home value in Michie is $200,560 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.6% year-over-year.
How much have home prices changed in Michie?
Over the past year, home values in Michie have increased by 4.6%. Over five years, prices have risen approximately 27.2%.
How much do I need to earn to buy a home in Michie?
To comfortably afford the median home price of $200,560 with a 20% down payment ($40,112) at today's rates (6.8%), you'd need a gross annual income of approximately $53,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Michie compare to the national average home price?
The national median home value is approximately $410,000. At $200,560, homes in Michie are 51% below the national average.