15 Tennessee Towns Where Homes Are Still a Steal (May 2025)

According to the latest Zillow Home Value Index, some small towns in Tennessee are still offering serious bang for your buck in 2025. While prices have climbed in many parts of the country, these 15 towns have stayed surprisingly affordable—without skimping on charm, space, or lifestyle. Whether it’s a front porch with a mountain view or just more house for less money, these spots prove you don’t have to overspend to live well in the Volunteer State.

15. Trezevant – 67% Home Price Increase Since 2010

  • 2010: $75,311
  • 2011: $73,107 (-$2,204, -2.93% from previous year)
  • 2012: $73,821 (+$714, +0.98% from previous year)
  • 2013: $70,922 (-$2,899, -3.93% from previous year)
  • 2014: $78,301 (+$7,379, +10.40% from previous year)
  • 2015: $78,633 (+$331, +0.42% from previous year)
  • 2016: $78,129 (-$504, -0.64% from previous year)
  • 2017: $76,062 (-$2,067, -2.65% from previous year)
  • 2018: $74,293 (-$1,769, -2.33% from previous year)
  • 2019: $85,397 (+$11,104, +14.95% from previous year)
  • 2020: N/A
  • 2021: $95,312
  • 2022: $126,350 (+$31,038, +32.56% from previous year)
  • 2023: $135,208 (+$8,858, +7.01% from previous year)
  • 2024: $133,795 (-$1,413, -1.05% from previous year)
  • 2025: $125,577 (-$8,218, -6.14% from previous year)

Trezevant has seen a notable increase in home values since 2010, with a cumulative growth of over 67%. Prices surged between 2019 and 2022, peaking in 2023 before a slight dip in the last two years. Even with recent declines, the town remains significantly more expensive than it was a decade ago—though it’s still among the most affordable places in Tennessee today.

Trezevant – Affordable Living with Steady Growth

Located in Carroll County in western Tennessee, Trezevant is a small town with a population of just over 800. Despite its size, it has experienced meaningful housing appreciation, particularly in the early 2020s. With 2025 prices at $125,577, it’s still far below the state average, offering great value for buyers looking for rural charm and affordability.

Trezevant’s community revolves around agriculture and local small businesses. Its modest size means residents enjoy a peaceful, slow-paced lifestyle while still being within driving distance of larger hubs like Jackson. The town’s housing market saw strong growth post-2019, likely due to increased interest in small-town living and low entry prices, which spurred investor and buyer activity.

14. Gates – 65% Home Price Increase Since 2010

  • 2010: $71,648
  • 2011: $69,553 (-$2,096, -2.93% from previous year)
  • 2012: $68,455 (-$1,098, -1.58% from previous year)
  • 2013: $68,358 (-$97, -0.14% from previous year)
  • 2014: $68,476 (+$118, +0.17% from previous year)
  • 2015: $67,662 (-$814, -1.19% from previous year)
  • 2016: $74,132 (+$6,470, +9.56% from previous year)
  • 2017: $76,623 (+$2,491, +3.36% from previous year)
  • 2018: $73,045 (-$3,578, -4.67% from previous year)
  • 2019: $76,212 (+$3,167, +4.34% from previous year)
  • 2020: N/A
  • 2021: $100,883
  • 2022: $117,794 (+$16,911, +16.76% from previous year)
  • 2023: $120,751 (+$2,957, +2.51% from previous year)
  • 2024: $120,931 (+$180, +0.15% from previous year)
  • 2025: $118,208 (-$2,723, -2.25% from previous year)

Gates has followed a gradual but upward trajectory in home prices since 2010, climbing 65% over the 15-year period. The jump in 2021 was especially sharp, and although values have cooled slightly in 2025, they remain well above pre-2020 levels. The affordability here is matched by consistent value appreciation.

Gates – Small-Town Life Near Big Opportunities

Sitting in Lauderdale County, Gates is a quiet community in West Tennessee, not far from the Mississippi River. It offers easy access to U.S. Route 51, making commutes to larger cities like Memphis manageable. With a 2025 home price of just over $118,000, Gates continues to be an accessible option for families and retirees alike.

Home prices in Gates spiked significantly after 2020, following trends seen across the country during the housing boom. While 2025 shows a slight correction, the market remains relatively stable. The town’s proximity to larger job markets and its rural appeal may help keep values from dipping significantly, maintaining it as a smart option for long-term affordability.

13. Trimble – 3.8% Home Price Decrease Since 2022

  • 2010: N/A
  • 2011: N/A
  • 2012: N/A
  • 2013: N/A
  • 2014: N/A
  • 2015: N/A
  • 2016: N/A
  • 2017: N/A
  • 2018: N/A
  • 2019: N/A
  • 2020: N/A
  • 2021: N/A
  • 2022: $122,575
  • 2023: $121,283 (-$1,291, -1.05% from previous year)
  • 2024: $135,764 (+$14,481, +11.94% from previous year)
  • 2025: $117,978 (-$17,787, -13.10% from previous year)

Trimble saw a quick rise in home values through 2024, only to experience a sharp correction in 2025. Over the last three years, home prices have dipped 3.8% overall from 2022’s peak. The town still holds on to relatively low prices by state standards, despite this recent volatility.

Trimble – Sharp Swings in a Small Town Market

Located on the border of Dyer and Obion counties in northwest Tennessee, Trimble is a tight-knit town known for its local school and small-town traditions. With fewer than 1,000 residents, it’s the kind of place where everybody knows your name—and where real estate markets can shift quickly…

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