Market Overview
Home Prices in New Tazewell, TN
The median home value in New Tazewell, TN is $247,023 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.6% compared to a year ago and up 1.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in New Tazewell are priced40% below average. New Tazewell is part of the Morristown, TN metro area.
Over the past five years, New Tazewell home values have risen by approximately28.5%, reflecting strong long-term appreciation in this market.
Price History
New Tazewell Home Price Trend
City Comparison
New Tazewell vs. National Median
At $247,023, homes in New Tazewell cost 40% below the national median of $410,000. This makes New Tazewell a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in New Tazewell?
20% Down Payment
$49,405
on $247,023
Monthly P&I
$1,288/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,636/mo
incl. taxes & insurance
Income Needed
$65,440
gross annual (30% rule)
10% Down Option
$24,702
+ PMI applies
Loan Amount (20% dn)
$197,618
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 New Tazewell, TN?
The median home value in New Tazewell is $247,023 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.6% year-over-year.
How much have home prices changed in New Tazewell?
Over the past year, home values in New Tazewell have increased by 5.6%. Over five years, prices have risen approximately 28.5%.
How much do I need to earn to buy a home in New Tazewell?
To comfortably afford the median home price of $247,023 with a 20% down payment ($49,405) at today's rates (6.8%), you'd need a gross annual income of approximately $65,440. This assumes keeping total housing costs at or below 30% of gross income.
How does New Tazewell compare to the national average home price?
The national median home value is approximately $410,000. At $247,023, homes in New Tazewell are 40% below the national average.
What metro area is New Tazewell part of?
New Tazewell is part of the Morristown, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.