McKenzie, TN—38201

As of Aug '25, the median home price in McKenzie, TN is $184,000, with a year-over-year change of -1.0%. This indicates that home prices in McKenzie, TN are decreasing. According to Zillow, the 1-year price projection is NA, suggesting an uncertain housing market in the next year.

As of Aug '25 and according to Realtor.com, the median days on market for a home in McKenzie, TN is 66. This is an increase of 43.0% from last year. This indicates that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 19.0%. This is a small percentage of inventory, suggesting little supply pressure on home prices.

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in McKenzie, TN in that year was 121. 71.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 67.0%. Of those, 26.0% were >90% loan to value. This is considered very high, suggesting that mortgage risk is large in McKenzie, TN. Investor activity in McKenzie, TN is low, as 4.0% of all loans are originated by investors. In 2023, 21.0% of all loans were cash-out refinances, suggesting many homeowners are actively tapping their home's equity.