Market Overview
Home Prices in Palmersville, TN
The median home value in Palmersville, TN is $211,762 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 14.7% compared to a year ago and up 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Palmersville are priced48% below average. Palmersville is part of the Martin, TN metro area.
Price History
Palmersville Home Price Trend
2022
$165,050
$165K
—
2023
$168,551
$169K
+2.1%
2024
$179,612
$180K
+6.6%
2025
$184,558
$185K
+2.8%
2026
$211,762
$212K
+14.7%
City Comparison
Palmersville vs. National Median
🏠 Palmersville
$211,762
National Median
$410,000
At $211,762, homes in Palmersville cost 48% below the national median of $410,000. This makes Palmersville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Palmersville?
20% Down Payment
$42,352
on $211,762
Monthly P&I
$1,104/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,402/mo
incl. taxes & insurance
Income Needed
$56,080
gross annual (30% rule)
10% Down Option
$21,176
+ PMI applies
Loan Amount (20% dn)
$169,410
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 Palmersville, TN?
The median home value in Palmersville is $211,762 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 14.7% year-over-year.
How much have home prices changed in Palmersville?
Over the past year, home values in Palmersville have increased by 14.7%.
How much do I need to earn to buy a home in Palmersville?
To comfortably afford the median home price of $211,762 with a 20% down payment ($42,352) at today's rates (6.8%), you'd need a gross annual income of approximately $56,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Palmersville compare to the national average home price?
The national median home value is approximately $410,000. At $211,762, homes in Palmersville are 48% below the national average.
What metro area is Palmersville part of?
Palmersville is part of the Martin, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.