The story of this market
The typical home in Fayette County, Tennessee sells for about $394,000, or $175 per square foot.
Prices are up +7.9% from a year ago, so sellers still have some momentum. Homes take about 82 days to sell, which is slow. Over the long run, values in this county have grown 107% since 2000. Last year 10 of 11 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is tornado, which FEMA rates very high. HUD's fair market rent for a two-bedroom is $1,301 a month.
HUD sets the fair market rent for a 2-bedroom at $1,301 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Moderate.
Price climate
Every year of price change, 2000–2025
+0.8%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+20.7%). Worst: 2010 (-4.3%). Hover to read a year.
Monthly price momentum
Home values since 2015
-0.4%
TN · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,717
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+0.8%
2025 change
FHFA repeat-sales index, median of 11 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
84
Relatively Moderate
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $29,737,909.
Mortgage activity
Home lending in this county
77.3%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 2373 | 1202 | 77.3% | 3.3% | $265,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Fayette County, Tennessee
Fayette County is experiencing steady price appreciation driven by its appeal as a suburban alternative to the Memphis metro area. While home values have risen significantly, the market maintains a high homeownership rate and continues to see growth in its western corridors.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).
Select a city to expand its ZIP intel reports beneath · 11 cities · 14 ZIP reports
Median prices moved down 1.9% year over year.
Homes spend a median of 63 days on market with 3.3 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 70.82% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
Deterministic aggregate of 14 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Fayette County, Tennessee — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 17
researched Sep 17
researched Sep 17
researched Sep 21
researched Sep 21
researched Sep 21
researched Sep 21
researched Sep 21
researched Sep 21
researched Sep 17
| 38017 | Collierville | $559,734 | $175 | +1.4% | 49 | — | — | — | 401 | $1,609 | researched Sep 17 |
| 38036 | Gallaway | $314,245 | $155 | +4.7% | 64 | 97.6% | 25% | 4.6 | 5,374 | $686 | researched Sep 17 |
| 38039 | Grand Junction | $135,300 | $75 | -2.1% | 64 | 96.5% | 15% | 4 | 12 | $806 | researched Sep 17 |
| 38044 | Hornsby | $209,950 | — | 0% | 64 | — | — | — | 4 | $1,301 | researched Sep 21 |
| 38045 | Laconia | $169,900 | $115 | -20.9% | 70 | 97.2% | 22.5% | 5.4 | 2,454 | $1,435 | researched Sep 21 |
| 38046 | La Grange | $297,659 | $155 | +3.8% | 45 | 100% | 25% | 4.6 | 6,674 | $954 | researched Sep 21 |
| 38048 | Macon | $184,900 | $151 | 0% | 58 | — | — | — | 75 | $1,050 | researched Sep 21 |
| 38049 | Mason | $210,000 | $196 | -15% | 62 | 96% | 15% | 5.1 | 505 | $887 | researched Sep 21 |
| 38057 | Moscow | $269,000 | $145 | -32.6% | 62 | 97.5% | 15% | 4.2 | 28 | $857 | researched Sep 21 |
| 38060 | Oakland | $425,000 | $168 | -4.5% | 58 | 98.2% | 18% | 5.6 | 235 | $1,661 | researched Sep 17 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Western Fayette County has experienced significant population growth due to the expansion of Highway 64 and an influx of residents commuting to Shelby County for work.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Tennessee) — Tennessee Property Tax Assessment: Property is assessed at a percentage of its fair market value: 25% for residential property. The tax amount is calculated by multiplying the assessed value by the local tax rate (per $100 of assessed value).
The county's economy remains rooted in agriculture, though it is increasingly influenced by its role as a residential suburb for the Memphis metropolitan area.
Highway 64 serves as a primary transportation corridor, facilitating commuting between western Fayette County and the neighboring Shelby County employment core.
- Dave & Buster's Memphis418.8 mi
- K1 Speed Memphis4.721.5 mi
- Urban Air Trampoline and Adventure Park4.218.1 mi
- Urban Air Trampoline and Adventure Park4.215.7 mi
- Jumping World4.121.8 mi
- Memphis Zoo4.629.5 mi
- Topgolf Memphis3.519.7 mi
- Simmons Bank Liberty Stadium4.528.4 mi
- Dave & Buster's Memphis418.8 mi
- India Cultural Center & Temple Inc.4.812 mi
- Malco Collierville Towne Cinema Grill & MXT4.613.4 mi
- Dave & Buster's Memphis418.8 mi
- Memphis’ Incredible Food and Fun4.418.4 mi
- Malco Cordova Cinema Grill4.318.1 mi
- Malco Stage Cinema & Grill4.519.2 mi
- Children's Museum of Memphis4.628.4 mi
- India Cultural Center & Temple Inc.4.812 mi
- Dixon Gallery & Gardens4.825.1 mi
- Memphis Museum of Science & History4.527.4 mi
- Lichterman Nature Center4.622.1 mi
- H.W. Cox Park4.612.1 mi
- W.C. Johnson Park4.811.6 mi
- Cameron Brown Park4.717.1 mi
- Hinton Park4.715.8 mi
- Shelby Farms Dog Park4.818.7 mi
- Topgolf Memphis3.519.7 mi
- TPC Southwind4.817.9 mi
- Windyke Country Club4.818 mi
- Ridgeway Country Club4.815.4 mi
- Spring Creek Ranch4.810.3 mi
- Wolfchase Galleria4.218.5 mi
- T.J. Maxx4.318.9 mi
- Macy's4.218.5 mi
- Ross Dress for Less4.118.6 mi
- Marshalls4.216.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Data sourced from Data USA and Census ACS profiles.
applies when — Applies to residential parcels created as condominiums on or after January 1, 2009.
Governs the creation, management, and operation of condominium associations, including unit owner rights, common element maintenance, and assessment authority.
Tennessee Code Annotated, Title 66, Chapter 27.
applies when — Applies to residential parcels governed by a homeowners' association or declaration of covenants.
Imposes specific constraints on associations, including: vested rights for owners to maintain long-term rentals if covenants are amended, prohibition on foreclosure for failure to pay special assessments for nonessential amenities, and requirements for fidelity bonds.
Tennessee Code Annotated, Title 66, Chapter 27, Parts 6-10.
applies when — Applies to residential parcels encumbered by a deed of trust or mortgage containing a power of sale clause.
Allows for non-judicial foreclosure. Requires public notice at least 20 days in advance of the sale, published in a newspaper in the county and/or posted on the secretary of state's website. The trustee must be a licensed Tennessee attorney.
Tennessee Code Annotated, Title 35, Chapter 5; amended by HB1355 (2023) and HB1155 (2011).
Property is assessed at a percentage of its fair market value: 25% for residential property. The tax amount is calculated by multiplying the assessed value by the local tax rate (per $100 of assessed value).
Tennessee Code Annotated, Title 67, Chapter 5; assessments are based on status as of January 1 annually.
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.