Market Overview
Home Prices in Parrottsville, TN
The median home value in Parrottsville, TN is $290,421 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.8% compared to a year ago and up 5.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Parrottsville are priced29% below average. Parrottsville is part of the Newport, TN metro area.
Over the past five years, Parrottsville home values have risen by approximately35.7%, reflecting strong long-term appreciation in this market.
Price History
Parrottsville Home Price Trend
City Comparison
Parrottsville vs. National Median
At $290,421, homes in Parrottsville cost 29% below the national median of $410,000. This makes Parrottsville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Parrottsville?
20% Down Payment
$58,084
on $290,421
Monthly P&I
$1,515/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,924/mo
incl. taxes & insurance
Income Needed
$76,960
gross annual (30% rule)
10% Down Option
$29,042
+ PMI applies
Loan Amount (20% dn)
$232,337
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 Parrottsville, TN?
The median home value in Parrottsville is $290,421 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.8% year-over-year.
How much have home prices changed in Parrottsville?
Over the past year, home values in Parrottsville have increased by 6.8%. Over five years, prices have risen approximately 35.7%.
How much do I need to earn to buy a home in Parrottsville?
To comfortably afford the median home price of $290,421 with a 20% down payment ($58,084) at today's rates (6.8%), you'd need a gross annual income of approximately $76,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Parrottsville compare to the national average home price?
The national median home value is approximately $410,000. At $290,421, homes in Parrottsville are 29% below the national average.
What metro area is Parrottsville part of?
Parrottsville is part of the Newport, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.