HPI (2025)FHFA
286
State Series · South Region
Home Price History in Tennessee
FHFA all-transactions House Price Index for the state of Tennessee — annual data, 1975 through 2025, rebased to 100 in the year 2000.
YoY changeFHFA
+2.4%
5-yr changeFHFA
+60%
Since 2000FHFA
+186%
Tennessee's FHFA all-transactions House Price Index runs from 1975 through 2025. The state-level HPI, rebased to 100 in 2000, stood at 286.3 at the latest reading. Cumulative nominal appreciation since 2000: +186.3%.
The 2007–2011 housing crisis cut the Tennessee HPI by 9.2% peak-to-trough — from 133.7 in 2008 to 121.4 in 2012. The U.S. national HPI fell roughly 21% over the same window, so Tennessee's drawdown was milder than the national average.
The pandemic-era surge brought Tennessee's HPI from 171.8 in 2019 to 286.3 in 2025 — a +66.6% cumulative gain in 6 years, running above the national pace.
Tennessee sits in the South census region of the United States. Long-run state-level home-price appreciation reflects regional employment patterns, in-migration flows, and supply constraints. State-level FHFA series can mask significant intra-state divergence — see the linked metro pages below for sub-state breakdowns where available.
Metros in Tennessee covered by The Housing Almanac:
For the U.S. national context, see the national median price history or browse all 50 states.
Annual data — Tennessee
FHFA House Price Index, 2000=100. Annual data; not seasonally adjusted. Source: U.S. Federal Housing Finance Agency.
| Year | HPI (2000=100) | YoY change |
|---|---|---|
| 2025 | 286.34 | +2.37% |
| 2024 | 279.71 | +4.78% |
| 2023 | 266.96 | +7.42% |
| 2022 | 248.53 | +21.28% |
| 2021 | 204.93 | +14.15% |
| 2020 | 179.52 | +4.47% |
| 2019 | 171.84 | +5.66% |
| 2018 | 162.64 | +7.15% |
| 2017 | 151.79 | +7.03% |
| 2016 | 141.82 | +5.76% |
| 2015 | 134.09 | +4.45% |
| 2014 | 128.38 | +4.19% |
| 2013 | 123.22 | +1.52% |
| 2012 | 121.38 | -0.97% |
| 2011 | 122.57 | -2.66% |
| 2010 | 125.92 | -3.47% |
| 2009 | 130.45 | -2.41% |
| 2008 | 133.67 | +0.22% |
| 2007 | 133.38 | +4.11% |
| 2006 | 128.12 | +7.20% |
| 2005 | 119.52 | +6.54% |
| 2004 | 112.18 | +3.69% |
| 2003 | 108.19 | +1.81% |
| 2002 | 106.27 | +2.34% |
| 2001 | 103.84 | +3.84% |
| 2000 | 100.00 | +3.37% |
| 1999 | 96.74 | +3.13% |
| 1998 | 93.80 | +4.09% |
| 1997 | 90.11 | +4.67% |
| 1996 | 86.09 | +4.53% |
| 1995 | 82.36 | +6.34% |
| 1994 | 77.45 | +4.48% |
| 1993 | 74.13 | +2.74% |
| 1992 | 72.15 | +2.27% |
| 1991 | 70.55 | +0.94% |
| 1990 | 69.89 | +0.50% |
| 1989 | 69.54 | +1.46% |
| 1988 | 68.54 | +3.27% |
| 1987 | 66.37 | +5.79% |
| 1986 | 62.74 | +5.62% |
| 1985 | 59.40 | +8.81% |
| 1984 | 54.59 | +1.17% |
| 1983 | 53.96 | +9.05% |
| 1982 | 49.48 | -0.04% |
| 1981 | 49.50 | +3.15% |
| 1980 | 47.99 | +7.31% |
| 1979 | 44.72 | +9.18% |
| 1978 | 40.96 | +11.70% |
| 1977 | 36.67 | +9.86% |
| 1976 | 33.38 | +2.24% |
| 1975 | 32.65 | — |
Methodology
The FHFA House Price Index is a weighted, repeat-sales index that measures average price changes in repeat sales or refinancings on the same single-family properties. The all-transactions index incorporates both purchase mortgages and refinance appraisals; the index is calibrated to the South census region and rebased to 100 in the year 2000.