Market guide
Best Real Estate Markets in Tennessee (2026)
Generated from live Alpha Scores · updates automatically
LocalAlpha scores every Tennessee metro on a 0–100 scale that combines five housing-market forces into a single number. The table below ranks the top 2 by overall Alpha Score, so you can see at a glance where the state's momentum is concentrated — scores here run from 39 to 40. Each market links to its full breakdown.
| # | Market | Alpha Score | Temperature |
|---|---|---|---|
| 1 | Nashville-Davidson-Murfreesboro-Franklinmetro | 40 | Buyer's |
| 2 | Memphismetro | 39 | Buyer's |
Alpha Score blends price momentum, inventory health, affordability, economic strength, and rental yield. Higher = stronger overall conditions.
Key takeaways
- Nashville-Davidson-Murfreesboro-Franklin leads Tennessee with an Alpha Score of 40.
- The ranking covers 2 metros; click any market for its 5-dimension breakdown and trend.
- Scores update as new Redfin, Census, BLS, and FHFA data lands — check back as markets move.
Want the full methodology? See how the Alpha Score is calculated. To explore these markets on the map, head to Explore.
See Tennessee markets on the interactive map.
Explore this market on the map