Market Overview
Home Prices in Reagan, TN
The median home value in Reagan, TN is $164,251 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.9% compared to a year ago and down 2.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Reagan are priced60% below average. Reagan is part of the Jackson, TN metro area.
Over the past five years, Reagan home values have risen by approximately26.7%, reflecting strong long-term appreciation in this market.
Price History
Reagan Home Price Trend
City Comparison
Reagan vs. National Median
At $164,251, homes in Reagan cost 60% below the national median of $410,000. This makes Reagan a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Reagan?
20% Down Payment
$32,850
on $164,251
Monthly P&I
$857/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,088/mo
incl. taxes & insurance
Income Needed
$43,520
gross annual (30% rule)
10% Down Option
$16,425
+ PMI applies
Loan Amount (20% dn)
$131,401
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 Reagan, TN?
The median home value in Reagan is $164,251 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.9% year-over-year.
How much have home prices changed in Reagan?
Over the past year, home values in Reagan have increased by 9.9%. Over five years, prices have risen approximately 26.7%.
How much do I need to earn to buy a home in Reagan?
To comfortably afford the median home price of $164,251 with a 20% down payment ($32,850) at today's rates (6.8%), you'd need a gross annual income of approximately $43,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Reagan compare to the national average home price?
The national median home value is approximately $410,000. At $164,251, homes in Reagan are 60% below the national average.
What metro area is Reagan part of?
Reagan is part of the Jackson, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.