Market Overview
Home Prices in Mulberry, TN
The median home value in Mulberry, TN is $335,480 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4% compared to a year ago and up 3.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mulberry are priced18% below average. Mulberry is part of the Tullahoma-Manchester, TN metro area.
Price History
Mulberry Home Price Trend
2022
$297,416
$297K
—
2023
$289,661
$290K
-2.6%
2024
$310,699
$311K
+7.3%
2025
$322,542
$323K
+3.8%
2026
$335,480
$335K
+4.0%
City Comparison
Mulberry vs. National Median
🏠 Mulberry
$335,480
National Median
$410,000
At $335,480, homes in Mulberry cost 18% below the national median of $410,000. This makes Mulberry a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mulberry?
20% Down Payment
$67,096
on $335,480
Monthly P&I
$1,750/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,223/mo
incl. taxes & insurance
Income Needed
$88,920
gross annual (30% rule)
10% Down Option
$33,548
+ PMI applies
Loan Amount (20% dn)
$268,384
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 Mulberry, TN?
The median home value in Mulberry is $335,480 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4% year-over-year.
How much have home prices changed in Mulberry?
Over the past year, home values in Mulberry have increased by 4%.
How much do I need to earn to buy a home in Mulberry?
To comfortably afford the median home price of $335,480 with a 20% down payment ($67,096) at today's rates (6.8%), you'd need a gross annual income of approximately $88,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Mulberry compare to the national average home price?
The national median home value is approximately $410,000. At $335,480, homes in Mulberry are 18% below the national average.
What metro area is Mulberry part of?
Mulberry is part of the Tullahoma-Manchester, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.