Market Overview
Home Prices in Reliance, TN
The median home value in Reliance, TN is $238,733 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.6% compared to a year ago and down 5.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Reliance are priced42% below average. Reliance is part of the Cleveland, TN metro area.
Over the past five years, Reliance home values have risen by approximately23.3%, reflecting strong long-term appreciation in this market.
Price History
Reliance Home Price Trend
City Comparison
Reliance vs. National Median
At $238,733, homes in Reliance cost 42% below the national median of $410,000. This makes Reliance a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Reliance?
20% Down Payment
$47,747
on $238,733
Monthly P&I
$1,245/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,581/mo
incl. taxes & insurance
Income Needed
$63,240
gross annual (30% rule)
10% Down Option
$23,873
+ PMI applies
Loan Amount (20% dn)
$190,986
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 Reliance, TN?
The median home value in Reliance is $238,733 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.6% year-over-year.
How much have home prices changed in Reliance?
Over the past year, home values in Reliance have increased by 9.6%. Over five years, prices have risen approximately 23.3%.
How much do I need to earn to buy a home in Reliance?
To comfortably afford the median home price of $238,733 with a 20% down payment ($47,747) at today's rates (6.8%), you'd need a gross annual income of approximately $63,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Reliance compare to the national average home price?
The national median home value is approximately $410,000. At $238,733, homes in Reliance are 42% below the national average.
What metro area is Reliance part of?
Reliance is part of the Cleveland, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.