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.
To save on your home loan, consider comparing the fees and rates of top lenders before signing.
APY stands for “annual percentage yield” and factors in compound interest. See why the difference between APY and interest matters so much.
Interest-bearing accounts passively grow your money. Compare common types of accounts that earn interest and find the best one for you.
Try to keep enough money in your checking account to cover monthly expenses, plus a small cushion. Read more tips here.
The Chime Credit Builder Card can help you build credit without charging interest and doesn’t require a deposit or monthly fee.
Explore cash advance apps like Ualett, perfect for gig workers looking for quick funding, budgeting support and flexible borrowing options.
A review of CashUSA, a loan connection service that may match you with lenders offering loans up to $10,000.
Explore different ways you could earn money playing games with GPT apps, Twitch streaming, esports competitions, and trading cards.
Compare highly rated and legit survey sites for your next side hustle, how to maximize your survey earnings, and how to avoid scams.
Learn how to become user tester, how much you can earn, top platforms for user testing, and how to avoid scams.
Learn how to earn money through trusted online surveys, including top platforms, practical tips, and some red flags to watch out for.