House Prices

House Prices & Home Values Gallaway, TN 2026


Average Data

average house price$165,392
average size per house1693 ft²
average price per ft²98 $ / ft²

04/16/2026 - The value range (VR) for house prices in Gallaway, TN is $99/ sqft to $99/ sqft. An average home with 1693 sqft costs approximately $167,607 to $167,607. Gallaway, TN includes 1 ZIP codes and it is located in Fayette county. The lowest prices are found in ZIP 38036, while the highest are in ZIP 38036. The average price per sqare feet is $98. Our analysis is based on 12 property listings.

Avergage prices by ZIP codes Gallaway

3803690 $ / ft²




Historical development of home values in Gallaway

Year Estimated value (USD) Change vs. 2025
2010 $76,811 -53.6%
2011 $73,841 -55.4%
2012 $73,642 -55.5%
2013 $76,394 -53.8%
2014 $80,193 -51.5%
2015 $84,309 -49.0%
2016 $88,709 -46.4%
2017 $93,497 -43.5%
2018 $98,666 -40.3%
2019 $103,241 -37.6%
2020 $108,578 -34.4%
2021 $123,496 -25.3%
2022 $143,968 -13.0%
2023 $151,821 -8.2%
2024 $160,604 -2.9%
2025 $165,392 0.0%

Graph: estimated home values in Gallaway over time (USD)



Example: 100% financing house in Gallaway

Loan amount: $165,392

Interest rate: 6.00%

Fixed monthly payment: $991.61

Breakdown in the 1st month:
Interest portion: $826.96  –  Principal portion: $164.65

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $9,868.27 $2,031.03 $163,360.97
2 $9,743.00 $2,156.30 $161,204.66
3 $9,610.00 $2,289.30 $158,915.37
4 $9,468.81 $2,430.50 $156,484.87
5 $9,318.90 $2,580.41 $153,904.46
6 $9,159.74 $2,739.56 $151,164.90
7 $8,990.77 $2,908.53 $148,256.37
8 $8,811.38 $3,087.92 $145,168.45
9 $8,620.93 $3,278.38 $141,890.07
10 $8,418.72 $3,480.58 $138,409.49
11 $8,204.05 $3,695.26 $134,714.24
12 $7,976.13 $3,923.17 $130,791.07
13 $7,734.16 $4,165.14 $126,625.93
14 $7,477.26 $4,422.04 $122,203.89
15 $7,204.52 $4,694.78 $117,509.10
16 $6,914.96 $4,984.35 $112,524.76
17 $6,607.53 $5,291.77 $107,232.99
18 $6,281.15 $5,618.15 $101,614.84
19 $5,934.63 $5,964.67 $95,650.17
20 $5,566.75 $6,332.56 $89,317.61
21 $5,176.17 $6,723.13 $82,594.48
22 $4,761.50 $7,137.80 $75,456.67
23 $4,321.26 $7,578.05 $67,878.63
24 $3,853.86 $8,045.44 $59,833.18
25 $3,357.63 $8,541.67 $51,291.51
26 $2,830.80 $9,068.50 $42,223.01
27 $2,271.48 $9,627.83 $32,595.18
28 $1,677.65 $10,221.65 $22,373.53
29 $1,047.20 $10,852.10 $11,521.43
30 $377.87 $11,521.43 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Gallaway, TN


1500 sqft3900 sqft
Ø selling price$177,870$378,379
Ø fast selling$161,700$340,541
Ø high price sale$194,041$416,216

In 2026, houses in Gallaway, TN will be offered at an average price of $98 per square foot. A 1,500 sqft home priced at $177,870 is 20.75% more expensive per square foot than a 3,900 sqft home priced at $378,379. Home prices in Gallaway, TN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $261,955. Sellers who can wait longer may achieve a higher price of up to $320,166.


Gallaway, TN: Small-City Access Near Memphis

Overview

Gallaway, TN is a small city in Fayette County within the Memphis metropolitan area. Located near Interstate 40 and State Route 196, Gallaway Tennessee offers quick access to Memphis, Arlington, and Oakland.
The Loosahatchie River and surrounding countryside give the community a scenic, rural character.

Lifestyle and Things to Do

Residents enjoy a quiet pace, affordable Gallaway TN real estate, and easy trips to shopping, dining, and entertainment in nearby suburbs. Outdoor enthusiasts explore local parks, fishing spots, and the Loosahatchie River corridor for birding and nature walks.
Families are served by Fayette County Public Schools and a range of youth sports and community programs.

Business, Jobs, and Growth

The city?s industrial and logistics footprint continues to grow thanks to proximity to Memphis distribution hubs and available land. Companies appreciate business-friendly zoning, highway connectivity, and access to a skilled regional workforce.
Job seekers find opportunities in manufacturing, warehousing, transportation, and local services, making ?jobs in Gallaway TN? a rising search term. Whether you are relocating, investing, or planning a visit, things to do in Gallaway include community festivals, local dining, and exploring West Tennessee?s rich heritage.



FAQ – Home Values in Gallaway

What is the median home value in Gallaway in 2026?

In 2026, the typical home value in Gallaway is about $165,392 for an average home size of 1693 square feet. This corresponds to an average price of roughly $98 per square foot.

What is the average cost per square foot in Gallaway?

In 2026, homes in Gallaway sell for an average of around $98 per square foot, with a typical range between $99 and $99 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Gallaway is about 1693 square feet, with an estimated 2026 value around $165,392.



Locations close to Gallaway, TN

Gates, TN65 $ / ft²
Grand Junction, TN124 $ / ft²
Halls, TN71 $ / ft²
Friendship, TN80 $ / ft²
Finley, TN116 $ / ft²
Ellendale, TN182 $ / ft²
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