Market Overview
Home Prices in Norris, TN
The median home value in Norris, TN is $503,949 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.8% 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 Norris are priced23% above average. Norris is part of the Knoxville, TN metro area.
Over the past five years, Norris home values have risen by approximately49.0%, reflecting strong long-term appreciation in this market.
Price History
Norris Home Price Trend
City Comparison
Norris vs. National Median
At $503,949, homes in Norris cost 23% above the national median of $410,000. Buyers in Norris should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Norris?
20% Down Payment
$100,790
on $503,949
Monthly P&I
$2,628/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,338/mo
incl. taxes & insurance
Income Needed
$133,520
gross annual (30% rule)
10% Down Option
$50,395
+ PMI applies
Loan Amount (20% dn)
$403,159
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 Norris, TN?
The median home value in Norris is $503,949 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.8% year-over-year.
How much have home prices changed in Norris?
Over the past year, home values in Norris have increased by 5.8%. Over five years, prices have risen approximately 49.0%.
How much do I need to earn to buy a home in Norris?
To comfortably afford the median home price of $503,949 with a 20% down payment ($100,790) at today's rates (6.8%), you'd need a gross annual income of approximately $133,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Norris compare to the national average home price?
The national median home value is approximately $410,000. At $503,949, homes in Norris are 23% above the national average.
What metro area is Norris part of?
Norris is part of the Knoxville, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.