Market Overview
Home Prices in Tennessee Colony, TX
The median home value in Tennessee Colony, TX is $326,482 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.4% compared to a year ago and down 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Tennessee Colony are priced20% below average. Tennessee Colony is part of the Palestine, TX metro area.
Price History
Tennessee Colony Home Price Trend
2024
$313,679
$314K
—
2025
$312,788
$313K
-0.3%
2026
$326,482
$326K
+4.4%
City Comparison
Tennessee Colony vs. National Median
🏠 Tennessee Colony
$326,482
National Median
$410,000
At $326,482, homes in Tennessee Colony cost 20% below the national median of $410,000. This makes Tennessee Colony a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Tennessee Colony?
20% Down Payment
$65,296
on $326,482
Monthly P&I
$1,703/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,163/mo
incl. taxes & insurance
Income Needed
$86,520
gross annual (30% rule)
10% Down Option
$32,648
+ PMI applies
Loan Amount (20% dn)
$261,186
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 Tennessee Colony, TX?
The median home value in Tennessee Colony is $326,482 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.4% year-over-year.
How much have home prices changed in Tennessee Colony?
Over the past year, home values in Tennessee Colony have increased by 4.4%.
How much do I need to earn to buy a home in Tennessee Colony?
To comfortably afford the median home price of $326,482 with a 20% down payment ($65,296) at today's rates (6.8%), you'd need a gross annual income of approximately $86,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Tennessee Colony compare to the national average home price?
The national median home value is approximately $410,000. At $326,482, homes in Tennessee Colony are 20% below the national average.
What metro area is Tennessee Colony part of?
Tennessee Colony is part of the Palestine, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.