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Condos For Sale In Tennessee

Condos

With its energetic vibe, the mix of cultures, natural beauty, and economic innovation, it's no wonder Tennessee real estate attracts individuals from all walks of life to the South. The Volunteer State is also one of the most budget-friendly states to live in the US. If it's a condo you're after, units here are more affordable than single-family houses and make a low-maintenance option that frees up time for exploring all that Tennessee offers. Plus, Tennessee condos for sale often provide quality amenities and water, mountain, or city views.

New Listing - 4 minutes on Site

New Listing - 4 minutes on Site

Spring Hill, TN 37174

Condo For Sale

New Listing - 14 minutes on Site

New Listing - 14 minutes on Site

900 Mountain Creek Road #O190

Chattanooga, TN 37405

Condo For Sale

New Listing - 24 minutes on Site

Whites Creek, TN 37189

Condo For Sale

Open House - Sun, Sep 15

1725 West Lakeview Drive # 28

Johnson City, TN 37601

Condo For Sale

New Listing - 2 hours on Site

1212 Demonbreun St #A4 (I)

Nashville, TN 37203

Condo For Sale

Open House - Sat, Sep 14

New Listing - 2 hours on Site

New Listing - 2 hours on Site

3303 Gallatin Pike #101

Nashville, TN 37216

Condo For Sale

New Listing - 2 hours on Site

New Listing - 2 hours on Site

1404 Summer Meadow Drive

Powell, TN 37849

Condo For Sale

New Listing - 2 hours on Site

Whites Creek, TN 37189

Condo For Sale

New Listing - 3 hours on Site

116 N Mulberry St Red Cap Flats

Dickson, TN 37055

Condo For Sale

New Listing - 3 hours on Site

New Listing - 4 hours on Site

600 E Trinity Ln #304

Nashville, TN 37207

Condo For Sale

New Listing - 4 hours on Site

217 Eastmoreland St #A & B

Nashville, TN 37207

Condo For Sale

New Listing - 4 hours on Site

New Listing - 4 hours on Site

900 Mountain Creek Rd ## 306

Chattanooga, TN 37405

Condo For Sale

New Listing - 5 hours on Site

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Tennessee Condo Market

The Tennessee real estate market has had ups and downs in terms of home prices and sales in recent years. Although prices have decreased compared to last year, there have been notable increases in sale prices in some cities across the state.

According to the most recent data from the Tennessee Association of REALTORS®, the median sale price of Tennessee real estate is $282K, showing a 1.7% decrease compared to the previous year. The most prevalent housing types in the state are the single-family home and the condominium.

Condos for sale in Tennessee make up approximately 19% of all the existing dwellings in the market, and prices run the gamut from $115K to $3M. About 17.3% sell for above the list price, and the typical unit has two bedrooms and two bathrooms. Regarding construction dates, condo options in Tennessee range from new construction to older units on established buildings.

Most of the Tennessee condos for sale are concentrated in the state's urban centers, with limited inventory in suburban and rural areas. In central Tennessee, the condos for sale in Nashville are highly sought-after for their on-site amenities and proximity to entertainment, public transit, and day-to-day conveniences. To the east, condo buyers flock to Knoxville or Chattanooga, while Memphis is the most desirable destination for condo purchasers in western Tennessee.

For those looking for a more relaxed lifestyle or investing in rental units, the communities surrounding the Smoky Mountains offer beautiful scenery and endless outdoor activities. Many of the condos for sale in Gatlinburg and Pigeon Forge provide idyllic mountain views and are within walking distance of amenities and popular tourist attractions.

Tennessee Cities For Condo Buyers

Tennessee has 346 municipalities designated either as cities or towns. The main areas to buy condos for sale in Tennessee are:

Nashville

Nashville is Tennessee's capital and largest city, offering potential Tennessee condo buyers a perfect blend of Southern charm and big-city vibes and comforts. According to a survey conducted by Airbnb, it is also the fourth most hospitable city in the country.

Nashville is also one of the best cities for jobs in the state (and the region), with a thriving hospitality sector and many large corporations calling the city home (Nissan North America, HCA Healthcare, and Warner Music Group among them).

Nashville is walkable and home to some of Tennessee's best colleges and universities, including Belmont University and Tennessee State University. It is also vibrant and filled with things to do, including the Music City Walk of Fame, Bicentennial Capitol Mall State Park, and, for families with children, the Adventure Science Center and Nashville Zoo.

The Nashville real estate market currently has a median sale price of $449K, above the state and the national average. Still, condo buyers can snag units for as low as $115K or pay top dollar for Downtown Nashville condos of recent construction on boutique complexes with city views priced at $3M and over.

The most desirable condos for sale in Nashville are in the city center, with some complexes irradiating to the southwest of the city in areas such as Midtown and Cherokee Park. Condos in Nashville often offer luxurious amenities such as pools, spas, gyms, and concierge services and are conveniently situated within walking distance of the city's popular destinations.

Nashville Condo Neighborhoods: Downtown Nashville, Midtown, The Gulch, Germantown, Silvan Park, Sobro, Music Row.
Nashville Condo Sampler: 505 High Rise Condominiums, Viridian Condominiums, Encore Condominiums, Twelve Twelve, ICON in the Gulch, The Cumberland.

Memphis

Having earned the nicknames "Home of the Blues" and "Birthplace of Rock' n' Roll," Memphis exudes music. We are talking about the birthplace of both Elvis Presley and the iconic Sun Studios, where celebrated artists such as B.B. King and Johnny Cash produced albums.

Aside from the abundant musical events, attractions, and venues, Memphis is one of the top places to live in southwest Tennessee for families. According to bestplaces.net, living in Memphis is 22.5% more affordable than the rest of the country. Also, you don't have to pay state taxes in Tennessee, which makes this city even more budget-friendly.

As far as entertainment options go, Memphis is a true playground. Must-visits in the city include Graceland, Elvis Presley's 13.8-acre estate, the National Civil Rights Museum, and iconic Beale Street. Other family-friendly experiences worth living in Memphis are the Children's Museum of Memphis and a dinner & music riverboat cruise on the Mississippi River.

Are you eager to explore Memphis? You can easily do so from your condo since most units available for sale in the city are in centrally-located areas such as Downtown Memphis and Midtown. East Memphis is another popular destination for buyers of Memphis condos for sale. You can find condos in the city in all the price spectrum, from sleek, modern high-rises with river views costing $1M to modest, cozy studios in charming historic buildings priced under $200K.

Memphis Condo Neighborhoods: Downtown Memphis, Victorian Village, Harbor Town, Uptown, South Forum, Midtown.
Memphis Condo Sampler: 665 Tennessee Condos, Rivertown Condos, Claridge House Condominiums, Front Row Lofts, Waterford Plaza.

Knoxville

One of the top perks of living in condos for sale in Knoxville is the easy access to the Great Smoky Mountains and the nearby lakes and rivers, which call for almost endless outdoor activities. Still, there's much more than meets the eye in Tennessee's third-largest city.

Knoxville is in the eastern portion of the state and encompasses affordable housing and living costs, a steady employment market, and fantastic educational opportunities, including the #1 university in the state: The University of Tennessee. Knoxville is also big in sports, outdoor recreation, community events, and festivals.

If it's fun and yummy you seek, Knoxville condos for sale will provide access to many delicious restaurants and foodie experiences, as well as nightlife spots and world-famous theme parks. Dollywood, Dolly Parton's one-of-a-kind amusement park on the Rockies, is less than 45 minutes from Knoxville.

Real estate in Knoxville sells for a median price of $330K, but if it's a condo for sale you're after, you may find much better prices. A one-bedroom, one-bathroom near UT University can cost as low as $180K. Most high-value condos for sale in Knoxville are peppered across the downtown area and highly attract young professionals.

If you're after an investment property, several units are for sale surrounding the University of Tennessee, making profitable rentals for the students flocking to the area.

Knoxville Condo Neighborhoods: Downtown Knoxville, Old Town, Fort Sanders.
Knoxville Condo Sampler: Keystone Place Condominiums, Westlands Condominiums, Palisades Condos, The Lucerne Condos, Candy Factory Lofts.

Chattanooga

Chattanooga is a Tennessee city that often flies under the radar, but don't let that fool you. Chattanooga is full of hidden gems and is one of the most affordable places to live in Tennessee, with living costs 13% lower than the national average.

"Chatt" is affordable and conveniently located on the Tennessee-Georgia border, allowing residents to get to various cities in the south quickly. Condos for sale in Chattanooga are at most three hours away from Atlanta, Nashville, Knoxville, Birmingham, and Huntsville.

In addition, the city is known for its rich history, vibrant culture, the Chickamauga & Chattanooga National Military Park, and the Ruby Falls. It also boasts a $45 billion economy with flourishing industries such as automotive production, health services, food and beverage production, and logistics.

The median sale price of Chattanooga real estate is $294.6K. Still, homebuyers can find condos ranging from $120K studios in a northern suburb to $1.9M penthouses with river and mountain views. Most condos for sale in Chattanooga are located in the city center, on the Tennessee River's northern and southern banks.

Chattanooga Condo Neighborhoods: City Center, Southside Historic District, Northshore, North Chattanooga.
Chattanooga Condo Sampler: Heritage Landing Condominiums, One Northshore, Palmetto Place Apartments, Market Street Lofts Chattanooga, The Pinnacle, Museum Bluffs Parkview Condo.

Tennessee Condo Amenities

Not only do Tennessee condo communities offer an ideal blend of privacy and sociability, but they also come with a range of attractive amenities to help you make the most of your daily routine.

From state-of-the-art fitness facilities and relaxing pool areas to thoughtful common spaces with inviting decor and plenty of natural light, Tennessee condos for sale do offer something for everyone. Here are some of the amenities found in most Tennessee condos:

Swimming pools
Pool-side cabanas
Grilling and fire pit areas
Viewing theaters
Catering kitchens
Billiard and casino tables
Fitness centers
Clubhouses
Courtyards
Business centers
Gated Accesses
in-unit washer and dryers
Solar back-up systems
Sports courts (tennis & pickleball)
24/7 concierge services
Valet parking services
24/7 security services
Wine cellars
Lounge with private dining areas
Outdoor patios
Controlled access check-in lobby
Storages of various types
Conference rooms
Pet park

Frequently Asked Questions About Tennessee Condos For Sale

What’s the tallest condo building in Tennessee?

The tallest residential building in Tennessee is the 505 Nashville skyscraper, which is 522 feet (159 m) tall and has 45 floors. This building, erected in 2018, is also the first in the state's history to have 40 or more floors. This is also the third tallest building in all of Tennessee.

What’s the best place in Tennessee to buy a condo?

Condo buyers in Tennessee have several great locations to consider. Nashville is a top choice with its thriving economy, modern amenities, and plenty of cultural attractions to keep people of all ages busy.

If you're interested in laid-back living, head to Chattanooga or Knoxville. These cities offer easy access to the mountains, many outdoor adventure opportunities, and more affordable condos than those in Music City.

However, if you're looking for units more on the upscale side, check out the condos for sale in Franklin or Brentwood. These Nashville suburbs are known for their beautiful real estate options not far from prestigious school districts.

What is the average HOA fee for a condo in Tennessee?

Depending on where you're looking, you can expect to pay somewhere between $150-$400 per month on average. Of course, other factors like the condo complex's size, location, and age can also impact the monthly fee.

Typically, HOA fees in Tennessee condos cover the cost of maintaining shared community spaces like landscaping, trash collection, and amenities such as a pool, gym, or clubhouse.

Is Tennessee in Tornado Alley?

While Tennessee is not included in Tornado Alley, it is considered a part of Dixie Alley, a term created to refer to the southeastern regions of the United States that have a greater likelihood of experiencing tornado activity.

But don't let that discourage you from exploring the variety of Tennessee condos for sale. As with any natural disaster, building codes and safety measures have come a long way, and plenty of resources are available to ensure you're living in a secure home. Also, homeowners insurance policies in Tennessee include standard coverage for tornado damage.

Is it worth moving to Tennessee?

Tennessee has long been considered a prime location for those looking to snag a cozy home or condo in the south. With a moderate cost of living, affordable property taxes, and a lack of state income taxes, moving here will be easy on your budget. The state also has a record-low unemployment rate of 3.3%

In addition, Tennessee boasts a fast-growing economy, top-rated healthcare, and an impressive public education system. The Volunteer State is also known for its great weather, energetic cities, and various attractions that have remained popular across generations of visitors.

How much money do you need to live comfortably in Tennessee?

If you're considering moving to Tennessee, the amount of money needed to live comfortably varies depending on where you plan to buy that condo for sale and settle down. The cost of living in Nashville tends to be higher than in other parts of the state. On the other hand, if you're eyeing smaller towns like Knoxville or Chattanooga, you can stretch your dollars a bit further.

Since the total personal consumption cost in the state is $42,469 per year, approximately $3,500 monthly, you can expect to need around $50K annually to live comfortably in Tennessee. This will cover your housing, food, transportation, and other basic needs. You may want to factor in additional expenses like healthcare, entertainment, and savings.

What are the safest cities and towns in Tennessee?

Safety is at the top of everyone’s list when considering relocating to a new state. According to

Safewise’s 2023 State of Safety report, these are the ten cities you should look into if you’ve decided to purchase one of the condos for sale in Tennessee:

Living in Tennessee Condos

Economy & Job Market in Tennessee

Tennessee’s economy employs 2.96 million people and the state has a low unemployment rate of 3.3%. Though average wages in Tennessee are lower than in other parts of the country, the lower cost of living may make it less noticeable. The largest industries in Tennessee are:

Manufacturing
Educational services
Healthcare and social assistance
Professional, scientific & management
Administrative & waste management services
Transportation & warehousing, and restaurants & food services.

Tennessee's major cities house many big companies that offer the majority of the state’s job opportunities. Middle Tennessee is home to large healthcare companies such as Hospital Corporation of America (HCA), Community Healthcare Systems, Vanderbilt, and Saint Thomas.

Other major players in Nashville include Nissan, Vanderbilt University, Asurion, and Amazon. Additional jobs are available at major employers, including FedEx in Memphis and Oak Ridge Laboratory in Knoxville.

Outdoor Experiences in Tennessee

Tennessee is a natural playground waiting to be discovered. Whether you're a seasoned outdoor adventurer or a beginner at nature exploring, the Volunteer State has the ideal activity. Some of the top experiences in the state include:

Hiking and biking in the majestic Great Smoky Mountains National Park.
Go whitewater rafting on the Ocoee River.
Waterskiing, wakeboarding, and parasailing at Chickamauga Lake, Kentucky Lake, and Norris Lake.
Practice rock climbing at the over 300 climbing routes in The Obed Wild and Scenic River. Other options include Castle Rock, Big South Fork National River and Recreation Area, and Stone Fort Bouldering.
Explore the endless trails at Big South Fork National Recreation Area.
Discover incredible waterfalls: Fall Creek Falls, Ruby Falls, and Machine Falls.
Boating and fishing at Nickajack Lake.
Caving at Craighead Caverns or Bell Witch Cave.

Country Music in Tennessee

Tennessee may be known for barbecue, Elvis, its iconic whisky, and the Smoky Mountains, but what truly sets the Volunteer State apart is its deep roots in country music. Tennessee has played an integral role in the development of this genre that calls Nashville home, lovingly known as “Music City.”

Whether you're into classic country or prefer a more modern sound, you're sure to find something you like in one of Tennessee's many honky-tonks, clubs, and concert venues. Once you move to that condo for sale in Tennessee you’re looking to buy, make sure to get a true taste of Tennessee’s rich country music scene by visiting:

Grand Ole Opry
Country Music Hall of Fame
Dee’s Country Cocktail Lounge
The Bluebird Cafe
Wildhorse Saloon
Ascend Amphitheater

If you're a fan of live music (even if it is not Country), then it's hard to top the experience of a music festival. And if you're lucky enough to live in Tennessee, you have plenty of options.

Bonnaroo Music and Arts Festival
Tin Pan South Songwriters Festival
Big Nine Roots Festival
Beale Street Music Festival
Rhythm on the Rails
TN Motorcycles Music Revival
Exit 56 Blues Fest
CMA Music Festival
AMP Summer Concert Series
Dumplin Valley Bluegrass Festival
Americana Music Festival
Pilgrimage Music & Cultural Festival
National Quartet Convention
Mempho Music Festival

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