It wasn’t too long ago that real estate over $1 million in Tennessee was reserved for luxury estates and sprawling properties. However, much like the rest of the country, the real estate market in Tennessee saw an aggressive spike, leaving buyers to wonder if it’s still possible to find nice homes in good areas for under $1 million.
Thankfully, the answer is yes! There are still a handful of towns and cities across Tennessee that offer great homes within this price range. Here’s our guide to the best places in Tennessee to buy a home under $1 million.
Tucked along the Tennessee River, in the foothills of the Appalachian Mountains, Chattanooga is a scenic city with some of the best homes in the state. From charming bungalows and Tudor-style residences to modern condos and townhomes, there is something for everyone and every budget. Plus, many properties are located close to great outdoor attractions like Lookout Mountain and Rock City Park.
Just 20 miles south of Nashville, Franklin is an idyllic suburb with a small-town feel. Buyers will find plenty of great homes, from Craftsman bungalows and Colonial Revival cottages to sophisticated modern estates. Plus, all the amenities of downtown Nashville are just minutes away.
As one of the wealthiest cities in Tennessee, Brentwood is home to some of the most lavish estates in the state. However, there are still plenty of great homes for sale under $1 million. Interested buyers can find everything from sprawling ranches and expansive two-story homes to luxury condos with stunning views. The popular community is home to a wide variety of exceptional amenities, recreational areas, and some of the state’s top schools, making it a great option for families.
Murfreesboro is one of the fastest-growing cities in Tennessee, and for good reason. The historic community offers residents an abundance of things to see and do, while those looking for real estate opportunities will find plenty of great homes for less than $1 million. There are a wide variety of housing sizes and styles dotted throughout the neighborhoods of Murfreesboro which cater to many different buyers. Whether it be a cozy starter home or a larger family estate, Murfreesboro is filled with options.
Located in the scenic foothills of the Great Smoky Mountains, Jackson is a charming city that offers buyers a unique mix of rural and urban living. Falling between Nashville and Memphis, Jackson is found in the middle of the American Music Triangle. Those considering the vibrant town will happily find a large selection of homes for sale under $1 million which range in size and style.
The largest city in East Tennessee, Knoxville is a vibrant college town with plenty of appeal. The city’s diverse neighborhoods offer an array of housing styles, including classic Victorians, bungalows, and luxurious mid-century homes. While the downtown area can be quite pricey, it’s still possible to find great homes for sale under $1 million if you look in the suburbs.
For those looking for small-town living, Thompson’s Station is a great option. The tight-knit community offers an array of homes in various styles and sizes, all for under $1 million. Plus, with its close proximity to Nashville, buyers can still enjoy the city amenities within just minutes of their homes. There are just over 7,500 residents who call Thompson’s Station home and appreciate the tight-knit and friendly atmosphere.
One of the fastest-growing cities in the state, Spring Hill is considered part of the Nashville metropolitan area. And, while it may seem impossible to find homes for sale under $1 million in the Music City, there are still plenty of options found in Spring Hill. Large family homes which offer plenty of space fill a large portion of Spring Hill and are a great option for families in search of more affordable real estate opportunities.
Tennessee is home to some stunning towns and cities that offer something for everyone, regardless of budget. From idyllic suburban neighborhoods to bustling college towns, buyers can find plenty of homes for sale under $1 million throughout the state. Whether it be Brentwood and its lavish estates or Thompson’s Station with its cozy small-town charm, there is a home for everyone in Tennessee.
Now that you know the best towns and cities in Tennessee to buy a home under $1 million, it’s time to start your search! With so many great options throughout the state, you’re sure to find the perfect home. And, with the help of a local real estate professional, you can find your new dream home in no time.