Market Overview
Home Prices in Walnut Grove, TN
The median home value in Walnut Grove, TN is $493,676 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.9% compared to a year ago and up 0.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Walnut Grove are priced20% above average. Walnut Grove is part of the Nashville-Davidson--Murfreesboro--Franklin, TN metro area.
Over the past five years, Walnut Grove home values have risen by approximately23.5%, reflecting strong long-term appreciation in this market.
Price History
Walnut Grove Home Price Trend
City Comparison
Walnut Grove vs. National Median
At $493,676, homes in Walnut Grove cost 20% above the national median of $410,000. Buyers in Walnut Grove should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Walnut Grove?
20% Down Payment
$98,735
on $493,676
Monthly P&I
$2,575/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,270/mo
incl. taxes & insurance
Income Needed
$130,800
gross annual (30% rule)
10% Down Option
$49,368
+ PMI applies
Loan Amount (20% dn)
$394,941
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 Walnut Grove, TN?
The median home value in Walnut Grove is $493,676 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.9% year-over-year.
How much have home prices changed in Walnut Grove?
Over the past year, home values in Walnut Grove have increased by 2.9%. Over five years, prices have risen approximately 23.5%.
How much do I need to earn to buy a home in Walnut Grove?
To comfortably afford the median home price of $493,676 with a 20% down payment ($98,735) at today's rates (6.8%), you'd need a gross annual income of approximately $130,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Walnut Grove compare to the national average home price?
The national median home value is approximately $410,000. At $493,676, homes in Walnut Grove are 20% above the national average.
What metro area is Walnut Grove part of?
Walnut Grove is part of the Nashville-Davidson--Murfreesboro--Franklin, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.