According to data from ClosingCorp, the average closing cost in Tennesee is $3,790.39 after taxes, or approximately 1.26% to 1.9% of the final home sale price.
Across the state, the average home sells for between $200,000 and $300,000. If you buy a property in that range, expect to pay between $2,526.93 and $5,685.59 in closing costs after taxes.
| Data | Value |
|---|---|
| Average home sale price | $200,000 to $300,000 |
| Average total closing cost | $3,790.39 |
| Expected closing cost range | $2,526.93 to $5,685.59 |
| Percentage of closing cost to home sale price | 1.26% to 1.9% |
Buyers and sellers in Tennesee pay an average of $1,206.24 in tax combined for the closing. This accounts for 31.82% of the total average closing cost in Tennesee.
| Value | |
|---|---|
| Average tax paid | $1,206.24 |
| Percentage of total closing cost | 31.82% |
The closing costs for buying a home in Tennesee are above the national average after accounting for taxes. It’s 32 in our rankings which rates states from lowest to highest closing cost.
| Average total closing cost in Tennesee | Ranking* | |
|---|---|---|
| Before taxes | $2,584.15 | 10 |
| After taxes | $3,790.39 | 32 |
*Ranked from lowest to highest of the 50 states plus Washington DC
Closing costs are inevitable when you're buying or selling a property. The exact amount will vary depending on where the property is located in Tennesee.
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