Market Overview
Home Prices in Thorn Hill, TN
The median home value in Thorn Hill, TN is $214,541 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.2% compared to a year ago and down 3.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Thorn Hill are priced48% below average. Thorn Hill is part of the Morristown, TN metro area.
Price History
Thorn Hill Home Price Trend
2022
$202,269
$202K
—
2023
$187,613
$188K
-7.2%
2024
$209,319
$209K
+11.6%
2025
$202,066
$202K
-3.5%
2026
$214,541
$215K
+6.2%
City Comparison
Thorn Hill vs. National Median
🏠 Thorn Hill
$214,541
National Median
$410,000
At $214,541, homes in Thorn Hill cost 48% below the national median of $410,000. This makes Thorn Hill a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Thorn Hill?
20% Down Payment
$42,908
on $214,541
Monthly P&I
$1,119/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,421/mo
incl. taxes & insurance
Income Needed
$56,840
gross annual (30% rule)
10% Down Option
$21,454
+ PMI applies
Loan Amount (20% dn)
$171,633
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 Thorn Hill, TN?
The median home value in Thorn Hill is $214,541 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.2% year-over-year.
How much have home prices changed in Thorn Hill?
Over the past year, home values in Thorn Hill have increased by 6.2%.
How much do I need to earn to buy a home in Thorn Hill?
To comfortably afford the median home price of $214,541 with a 20% down payment ($42,908) at today's rates (6.8%), you'd need a gross annual income of approximately $56,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Thorn Hill compare to the national average home price?
The national median home value is approximately $410,000. At $214,541, homes in Thorn Hill are 48% below the national average.
What metro area is Thorn Hill part of?
Thorn Hill is part of the Morristown, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.