Market Overview
Home Prices in Summertown, TN
The median home value in Summertown, TN is $313,803 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6% compared to a year ago and up 2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Summertown are priced23% below average. Summertown is part of the Lawrenceburg, TN metro area.
Over the past five years, Summertown home values have risen by approximately34.4%, reflecting strong long-term appreciation in this market.
Price History
Summertown Home Price Trend
City Comparison
Summertown vs. National Median
At $313,803, homes in Summertown cost 23% below the national median of $410,000. This makes Summertown a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Summertown?
20% Down Payment
$62,761
on $313,803
Monthly P&I
$1,637/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,079/mo
incl. taxes & insurance
Income Needed
$83,160
gross annual (30% rule)
10% Down Option
$31,380
+ PMI applies
Loan Amount (20% dn)
$251,042
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 Summertown, TN?
The median home value in Summertown is $313,803 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6% year-over-year.
How much have home prices changed in Summertown?
Over the past year, home values in Summertown have increased by 6%. Over five years, prices have risen approximately 34.4%.
How much do I need to earn to buy a home in Summertown?
To comfortably afford the median home price of $313,803 with a 20% down payment ($62,761) at today's rates (6.8%), you'd need a gross annual income of approximately $83,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Summertown compare to the national average home price?
The national median home value is approximately $410,000. At $313,803, homes in Summertown are 23% below the national average.
What metro area is Summertown part of?
Summertown is part of the Lawrenceburg, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.