Market Overview
Home Prices in Mountain City, TN
The median home value in Mountain City, TN is $248,202 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2% compared to a year ago and up 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mountain City are priced39% below average.
Over the past five years, Mountain City home values have risen by approximately35.2%, reflecting strong long-term appreciation in this market.
Price History
Mountain City Home Price Trend
2020
$161,756
$162K
—
2021
$183,592
$184K
+13.5%
2022
$220,953
$221K
+20.4%
2023
$221,622
$222K
+0.3%
2024
$239,967
$240K
+8.3%
2025
$243,450
$243K
+1.5%
2026
$248,202
$248K
+2.0%
City Comparison
Mountain City vs. National Median
🏠 Mountain City
$248,202
National Median
$410,000
At $248,202, homes in Mountain City cost 39% below the national median of $410,000. This makes Mountain City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mountain City?
20% Down Payment
$49,640
on $248,202
Monthly P&I
$1,294/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,643/mo
incl. taxes & insurance
Income Needed
$65,720
gross annual (30% rule)
10% Down Option
$24,820
+ PMI applies
Loan Amount (20% dn)
$198,562
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 Mountain City, TN?
The median home value in Mountain City is $248,202 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2% year-over-year.
How much have home prices changed in Mountain City?
Over the past year, home values in Mountain City have increased by 2%. Over five years, prices have risen approximately 35.2%.
How much do I need to earn to buy a home in Mountain City?
To comfortably afford the median home price of $248,202 with a 20% down payment ($49,640) at today's rates (6.8%), you'd need a gross annual income of approximately $65,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Mountain City compare to the national average home price?
The national median home value is approximately $410,000. At $248,202, homes in Mountain City are 39% below the national average.