So, You Have To Ask Yourself, Is This A Bad Thing or NOT?
Housing costs in Tennessee have reached a 10-year high, consuming nearly half of an average family’s monthly income, according to a new report.
The Tennessee Housing Development Agency Board of Directors report estimated the Tennessee Housing Cost Index (HCI) for 2025, showing that stable housing will cost Tennesseans 45.5% of their gross income, up from 28% in 2016—a 17.55% increase.
The 2025 HCI also surpasses 2024’s rate of 44.44%, increasing by over 1% in one year. Read the full report in PDF here.
Nashville ranked among the top 10 U.S. cities with the highest 10-year home price increases, rising 136.5%, while Memphis placed No. 20 with a 113.5% increase.
