Market Overview
Home Prices in Washburn, TN
The median home value in Washburn, TN is $262,489 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.9% 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 Washburn are priced36% below average. Washburn is part of the Morristown, TN metro area.
Price History
Washburn Home Price Trend
2022
$235,643
$236K
—
2023
$232,557
$233K
-1.3%
2024
$257,047
$257K
+10.5%
2025
$243,212
$243K
-5.4%
2026
$262,489
$262K
+7.9%
City Comparison
Washburn vs. National Median
🏠 Washburn
$262,489
National Median
$410,000
At $262,489, homes in Washburn cost 36% below the national median of $410,000. This makes Washburn a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Washburn?
20% Down Payment
$52,498
on $262,489
Monthly P&I
$1,369/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,739/mo
incl. taxes & insurance
Income Needed
$69,560
gross annual (30% rule)
10% Down Option
$26,249
+ PMI applies
Loan Amount (20% dn)
$209,991
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 Washburn, TN?
The median home value in Washburn is $262,489 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.9% year-over-year.
How much have home prices changed in Washburn?
Over the past year, home values in Washburn have increased by 7.9%.
How much do I need to earn to buy a home in Washburn?
To comfortably afford the median home price of $262,489 with a 20% down payment ($52,498) at today's rates (6.8%), you'd need a gross annual income of approximately $69,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Washburn compare to the national average home price?
The national median home value is approximately $410,000. At $262,489, homes in Washburn are 36% below the national average.
What metro area is Washburn part of?
Washburn is part of the Morristown, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.