Market Overview
Home Prices in Oliver Springs, TN
The median home value in Oliver Springs, TN is $256,419 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.5% compared to a year ago and up 0.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Oliver Springs are priced37% below average. Oliver Springs is part of the Knoxville, TN metro area.
Over the past five years, Oliver Springs home values have risen by approximately42.7%, reflecting strong long-term appreciation in this market.
Price History
Oliver Springs Home Price Trend
City Comparison
Oliver Springs vs. National Median
At $256,419, homes in Oliver Springs cost 37% below the national median of $410,000. This makes Oliver Springs a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Oliver Springs?
20% Down Payment
$51,284
on $256,419
Monthly P&I
$1,337/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,698/mo
incl. taxes & insurance
Income Needed
$67,920
gross annual (30% rule)
10% Down Option
$25,642
+ PMI applies
Loan Amount (20% dn)
$205,135
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 Oliver Springs, TN?
The median home value in Oliver Springs is $256,419 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.5% year-over-year.
How much have home prices changed in Oliver Springs?
Over the past year, home values in Oliver Springs have increased by 3.5%. Over five years, prices have risen approximately 42.7%.
How much do I need to earn to buy a home in Oliver Springs?
To comfortably afford the median home price of $256,419 with a 20% down payment ($51,284) at today's rates (6.8%), you'd need a gross annual income of approximately $67,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Oliver Springs compare to the national average home price?
The national median home value is approximately $410,000. At $256,419, homes in Oliver Springs are 37% below the national average.
What metro area is Oliver Springs part of?
Oliver Springs is part of the Knoxville, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.