House Prices

House Prices & Home Values Elmwood, TN 2026


Average Data

average house price$277,400
average size per house1604 ft²
average price per ft²173 $ / ft²

06/28/2026 - The value range (VR) for house prices in Elmwood, TN is $173/ sqft to $173/ sqft. An average home with 1604 sqft costs approximately $277,492 to $277,492. Elmwood, TN includes 1 ZIP codes and it is located in Smith county. The lowest prices are found in ZIP 38560, while the highest are in ZIP 38560. The average price per sqare feet is $173. Our analysis is based on 2 property listings.

Avergage prices by ZIP codes Elmwood

38560186 $ / ft²




Historical development of home values in Elmwood

Year Estimated value (USD) Change vs. 2025
2010 $128,830 -53.6%
2011 $123,848 -55.4%
2012 $123,514 -55.5%
2013 $128,131 -53.8%
2014 $134,502 -51.5%
2015 $141,405 -49.0%
2016 $148,785 -46.4%
2017 $156,815 -43.5%
2018 $165,485 -40.3%
2019 $173,158 -37.6%
2020 $182,110 -34.4%
2021 $207,130 -25.3%
2022 $241,467 -13.0%
2023 $254,638 -8.2%
2024 $269,369 -2.9%
2025 $277,400 0.0%

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



Example: 100% financing house in Elmwood

Loan amount: $277,400

Interest rate: 6.00%

Fixed monthly payment: $1,663.15

Breakdown in the 1st month:
Interest portion: $1,387.00  –  Principal portion: $276.15

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $16,551.33 $3,406.50 $273,993.50
2 $16,341.23 $3,616.61 $270,376.89
3 $16,118.16 $3,839.67 $266,537.21
4 $15,881.34 $4,076.50 $262,460.71
5 $15,629.91 $4,327.93 $258,132.79
6 $15,362.97 $4,594.86 $253,537.92
7 $15,079.57 $4,878.27 $248,659.66
8 $14,778.69 $5,179.15 $243,480.51
9 $14,459.25 $5,498.58 $237,981.93
10 $14,120.11 $5,837.73 $232,144.20
11 $13,760.05 $6,197.78 $225,946.42
12 $13,377.79 $6,580.05 $219,366.37
13 $12,971.95 $6,985.89 $212,380.48
14 $12,541.07 $7,416.77 $204,963.71
15 $12,083.62 $7,874.22 $197,089.49
16 $11,597.96 $8,359.88 $188,729.61
17 $11,082.34 $8,875.50 $179,854.11
18 $10,534.92 $9,422.92 $170,431.19
19 $9,953.73 $10,004.11 $160,427.09
20 $9,336.70 $10,621.14 $149,805.95
21 $8,681.61 $11,276.23 $138,529.72
22 $7,986.12 $11,971.72 $126,558.00
23 $7,247.73 $12,710.11 $113,847.89
24 $6,463.80 $13,494.04 $100,353.85
25 $5,631.51 $14,326.32 $86,027.53
26 $4,747.90 $15,209.94 $70,817.59
27 $3,809.78 $16,148.06 $54,669.53
28 $2,813.81 $17,144.03 $37,525.50
29 $1,756.40 $18,201.44 $19,324.06
30 $633.77 $19,324.06 $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 Elmwood, TN


1500 sqft3900 sqft
Ø selling price$313,995$667,953
Ø fast selling$285,450$601,158
Ø high price sale$342,540$734,749

In 2026, houses in Elmwood, TN will be offered at an average price of $173 per square foot. A 1,500 sqft home priced at $313,995 is 24.70% more expensive per square foot than a 3,900 sqft home priced at $667,953. Home prices in Elmwood, TN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $462,430. Sellers who can wait longer may achieve a higher price of up to $565,192.

FAQ – Home Values in Elmwood

What is the median home value in Elmwood in 2026?

In 2026, the typical home value in Elmwood is about $277,400 for an average home size of 1604 square feet. This corresponds to an average price of roughly $173 per square foot.

What is the average cost per square foot in Elmwood?

In 2026, homes in Elmwood sell for an average of around $173 per square foot, with a typical range between $173 and $173 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 Elmwood is about 1604 square feet, with an estimated 2026 value around $277,400.



Locations close to Elmwood, TN

Gainesboro, TN117 $ / ft²
Gordonsville, TN136 $ / ft²
Granville, TN165 $ / ft²
Doyle, TN62 $ / ft²
Jamestown, TN135 $ / ft²
Crossville, TN146 $ / ft²
  imprint  Privacy