Real Estate Relocation Guide To Tennessee

Relocating from Chicago to Tennessee is a major move. You’re crossing state lines and heading 500 miles to find a new home in a different community. By familiarizing yourself with the local real estate market, whether your destination is Nashville or Chattanooga you can get a good idea of the Tennessee landscape and locate the best area for you and your family.

We’ll start with the big picture… Tennessee has an estimated population of 6 million* and around 41,200 square miles of land. The total number of housing units is 2,681,320, of which about 1.6 million are owner-occupied and 714,900 are inhabited by renters. Roughly 306,000, or 11.4 percent, of the residences in the state are vacant. The median home value in Tennessee is $123,100 and the median household income is $40,315. For an idea of how this sizes up with national averages – the median home value in the U.S. is $185,200 and the median household income is $48,451.

Statewide figures provide a good overview of Tennessee, but when you’re planning to relocate to the region, knowing what types of housing are available is the most important thing. So here’s a breakdown of what Tennessee real estate has to offer…

About 53,100 homes in Tennessee are new construction, developed in 2005 or after (another 280,200 were put up between 2000 and 2004). Tennessee has its share of vintage charm as well with 198,900 residences built prior to 1940. The total number of detached, single-family houses across the state is 1.8 million, and there’s also a good selection of multi-unit residences and condos. Most homes have 3 bedrooms, but size varies greatly depending on where you look. And, in case you’re wondering about how your budget will pan out in The Volunteer State, monthly mortgage costs in [Alabama] generally hover between $500 and 2,000+.

Relocation Resources

Memphis Real Estate
Homes for sale, Professional real estate services, Connie Chambers and Don DeBaer.

Chattanooga Real Estate - Bruce Lansford
Check out homes for sale, find YOUR home's value, get tips on buying and selling, or local school info. Also serving East Brainerd, Ooltewah, Faute Daisy, Hickson, and Hamilton County.

Gatlinburg cabin rentals galtinburg,cabin rentals pidgeon forge log cabins, rentals Gatlinburg Pigeo

Pigeon Forge Cabins, Pigeon Forge TN Cabin Rentals Gatlinburg Chalets

*All statistics are from the 2006 American Community Survey as shown on the U.S. Census Bureau website.
Sources: factfinder.census.gov and www.city-data.com