McMinnville, TN Housing Market
AI-powered market intelligence for the McMinnville, TN metro area.
PropertyIQ Scores
McMinnville, TN Market Analysis
Market Overview
McMinnville’s PropertyIQ Score of 7 out of 100 places it in a weak position relative to Tennessee benchmarks. The score reflects mixed home value momentum—12-month momentum of 3.62% but 3-month momentum of -1.39%—along with a median days on market of 68 days and a 28.9% share of listings with a price cut. The median home value is $258,317, below the state average of $336,508, and the rent index is $1,051, below the state average of $1,122. Median household income is $54,088, below the state average of $67,097, while unemployment matches the state at 3.5%.
The market’s price point is lower than the state average, but incomes are also lower. The gap between the local median home value and the state average is about $78,191, while the median household income gap is about $13,009. Homes may look less expensive, but local purchasing power is weaker. Unemployment is stable, but population growth data is not available, so the demand picture is incomplete.
Key Trends
The first trend is cooling home value momentum. The 12-month momentum was 3.62%, but the 3-month momentum was -1.39%, and the year-over-year dollar change was just $3. This suggests prices have recently flattened or softened after a stronger 12-month stretch.
A second trend is seller adjustment. The median days on market is 68 days, and 28.9% of listings have had a price cut. With 210 homes for sale, buyers have options and sellers are adjusting. No state benchmark for days on market or price-cut share was provided, so direct comparison is not possible.
A third trend is limited affordability despite lower prices. The median home value of $258,317 is well below the state average of $336,508, and the rent index of $1,051 is below the state average of $1,122. But median household income of $54,088 is also below the state average of $67,097, so lower prices are paired with lower incomes.
A fourth trend is labor market stability. The unemployment rate is 3.5%, equal to the state average, which may support housing demand, but it has not led to strong price momentum in the current data.
Who Is This Market For
With a PropertyIQ Score of 7 out of 100, McMinnville is best suited for patient buyers and value-oriented investors rather than sellers seeking rapid appreciation. First-time and budget-conscious buyers may find the median home value of $258,317 more approachable than the state average of $336,508, though the median household income of $54,088 is below the state average.
Investors may be interested in the lower home values and rent index of $1,051, especially because 28.9% of listings have price cuts and the median days on market is 68 days. However, the negative 3-month momentum of -1.39% and the overall score of 7 out of 100 caution against expecting fast short-term gains. Move-up buyers may find limited equity growth, since the year-over-year dollar change is only $3 and recent momentum is negative.
Outlook
The near-term outlook is cautious. The negative 3-month home value momentum of -1.39%, the 28.9% share of listings with a price cut, and the median days on market of 68 days point to continued buyer leverage. The 12-month momentum of 3.62% shows some annual growth, but the year-over-year dollar change of $3 is essentially flat. Stable unemployment at 3.5% provides some support, but with median household income below the state average and population growth data unavailable, the data does not currently support a strong rebound. Continued softness is the most defensible expectation unless recent price momentum reverses and price-cut activity declines.
AI-generated analysis based on current market data. Last updated August 19, 2026.
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McMinnville, TN market data
McMinnville, TN Housing Market Overview
McMinnville, TN's median home value is $258K, up 3.6% over the past year. Homes here sell in a median 68 days. Its PropertyIQ Score of 7 sits below the state average of 50, marking a market positioned to lag its state over the next three years.
The McMinnville, TN metro area is one of 900+ US metropolitan markets that PropertyIQ scores each month. A single PropertyIQ Score blends Zillow price momentum with Realtor.com market-flow signals to estimate 3-year excess appreciation versus the market's state — showing not just where prices stand today, but how the market is positioned relative to its peers.
Southeastern markets benefit from manufacturing investment, logistics infrastructure, and relative affordability compared to national averages. The region's population growth — driven by both domestic migration and natural increase — supports sustained housing demand across metro and suburban areas. Within the Southeast, McMinnville, TN's PropertyIQ Score of 7 runs below the Southeast norm.
Tennessee's no-income-tax status and central location have fueled Nashville's rise as a corporate relocation destination, while Memphis and Knoxville offer more affordable alternatives with their own economic drivers.
The PropertyIQ Score for the McMinnville, TN market is built from four inputs: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all metro markets nationally and calibrated so 50 equals the state average — a score above 50 means this market is positioned to outperform its state, and a score below 50 means it is set to lag. Momentum here has been positive, with home values up 3.6% over the past year.
Use PropertyIQ's interactive analytics to compare McMinnville, TN against any other US metro on its PropertyIQ Score and underlying metrics. Generate a free AI market report, explore historical trends on the graphs page, or see how this market ranks on the scores dashboard.
Counties in the McMinnville, TN metro area
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Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is McMinnville, TN a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. McMinnville, TN currently scores 7, a very weak-momentum reading that leaves it positioned to lag its state over the next three years. For buyers, cooling demand usually brings more inventory, longer sale times, and real leverage to negotiate on price. Backing that up, the median home value here is $258K, up 3.6% over the past year. So whether McMinnville, TN is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for McMinnville, TN?
McMinnville, TN's PropertyIQ Score is 7, indicating very weak momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 7 places McMinnville, TN below its state benchmark.
Are home prices in McMinnville, TN rising or falling?
Home prices in McMinnville, TN are rising. Over the past year, the median home value increased 3.6%, reaching $258K. Over the latest three months, values slipped 1.4%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind McMinnville, TN's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in McMinnville, TN?
In McMinnville, TN, homes sell in a median of 68 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 29% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This McMinnville, TN market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.