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Moving from Texas to Tennessee:
Housing Cost Guide

How your housing costs change when you relocate. Based on 2026 data with 10% down, 6.5% rate, 30-year fixed.

Monthly Housing Cost Change
-$241/mo

Your housing costs will decrease by approximately $241 per month ($2,892/year) when you move from Texas to Tennessee.

Side-by-Side Comparison

TexasTennesseeChange
Median Home Price$310,000$340,000+$30K
Property Tax Rate1.8%0.56%-1.24%
Monthly Tax (on median)$465$159$-306
Insurance/yr$3,800$2,400$-1,400
Closing Costs$5K$5K$-170
Transfer TaxNone0.37%+0.37%
Est. Monthly PITI$2,661/mo$2,420/mo$-241/mo

What Your Texas Equity Buys in Tennessee

If you sell your median-priced Texas home ($310K) and buy in Tennessee ($340K):

Equity from sale (est. 30% after typical ownership)$93K
Down payment on Tennessee home (20%)$68K
Remaining equity after down payment$25K

Your Texas equity covers the 20% down payment on a median Tennessee home with $25K left over. That surplus can cover closing costs, moving expenses, or go into savings.

Monthly Budget Impact

Texas PITI
$2,661/mo
Tennessee PITI
$2,420/mo
Monthly savings$241/mo
Annual savings$2,892/yr
10-year savings$29K

Over 10 years, this move saves you approximately $29K in housing costs alone.

Key Differences to Know

Housing costs more in Tennessee. The median home is 9% higher than in Texas — a $30K jump. You may need to adjust your expectations on square footage or location, or come with a larger down payment to keep your monthly costs manageable.

Good news on taxes: Tennessee's 0.56% property tax rate is significantly lower than Texas's 1.8%. You'll save approximately $3,676 per year on property taxes, which adds up to $37K over a decade.

You'll save on insurance moving to Tennessee: $2,400/year versus $3,800/year in Texas. That's $1,400 less per year in premiums, putting $117 back in your monthly budget.

When you buy in Tennessee, expect about $5K in closing costs (1.5% of purchase price). This includes a 0.37% transfer tax. Budget for this amount on top of your down payment.

Down Payment Assistance in Tennessee

Tennessee's THDA Great Choice Home Loan offers Up to $25,000 DPA. If you haven't owned a home in three years (or are buying in Tennessee for the first time), you may qualify. Check eligibility requirements and income limits on Tennessee's housing finance agency website.

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