Tennessee
Real estate outlook for 2025: What Tennessee homebuyers can expect
Homebuyers hold out for interest rate relief
For the first time in six weeks, mortgage rates are leveling off.
Fox – Seattle
After a year of high interest rates, many homeowners and homebuyers are wondering what the market will look like in 2025.
Realtor.com, one of the top real estate listing websites in the United States, released its predictions for how the housing market will look in 2025.
It doesn’t look like mortgage rates will return to the pre-pandemic 4% average any time soon. Thus, it is possible we will see similar trends to 2024 in a lack of homes for sale and home buyers, but that’s not what the organization is predicting for Tennessee and most of the South.
Here’s what Tennesseans can expect in 2025 from the real estate market.
Are housing prices in 2025 expected to increase or decrease?
The organization is predicting that home prices will grow about 3.7% in 2025 as they are predicting mortgage rates to be slightly lower than in 2024 with an average monthly rate of 6.3%.
“Mortgage rates are expected to keep mortgage payments essentially unchanged in 2025 despite continued home price growth,” the analysis wrote.
It’s likely that home sellers will still have the advantage over home buyers in 2025 with limited inventory and strong demands in high traffic areas. However, high interest rates could lead to fewer buyers being able to afford homes.
Buyers should expect a less competitive market than in past years, but it will be one that is still costly from high mortgage rates and home prices.
Will there be more homes sold in 2025 than in 2024?
Homeownership rate is expected to drop by 0.3% between 2024 and 2025 from 65.6% to 65.3%. Despite this, existing home sales are expected to increase 1.5% to 4.07 million. The inventory of existing homes for sale is also expected to be 11.7% higher in 2025 than in 2024.
Much of home buying and selling depends on mortgage rates as seen in September 2024. During this time, mortgage rates dropped to 6.08%. The following month brought the largest number of active homes for sale in the U.S. housing market since December 2019, according to Realtor.com.
What will the Tennessee housing market look like in 2025?
Realtor.com broke its predictions down into metro areas. In last year’s analysis for Tennessee, there were losses in sales growth from 2023 to 2024, but for the 2025 year-over-year stats, there were only increases in sales price. Similarly, price growth is on the rise across the state’s metropolitan areas with a minimum increase of 6.3%.
| Metro | 2025 Sales Growth y/y | 2025 Price Growth y/y |
| Chattanooga | 2.2% | 6.3% |
| Knoxville | 3.7% | 8.3% |
| Memphis | 8.3% | 10.5% |
| Nashville | 4.5% | 8.3% |
What will the rental market look like in 2025?
New multifamily units are being built at an increased rate which pushed the rental vacancy up to 6.9% in 2024, but this doesn’t mean prices on rentals will come down either. The median asking rent in 2025 is expected to be 0.1% lower than in 2024, indicating that affordability will continue to be a challenge for many.
The organization is predicting the South’s lower-cost housing will continue to attract people in 2025 with the lack of change in rental prices. It is predicted the South will continue to see a 1.5% growth in rental stocks, the highest of any regional market.
What are the predictions for first-time homebuyers in 2025?
Unfortunately for first time home buyers, 2025 may not be your year as mortgage rates are not expected to change much next year. In 2024, there was an average mortgage rate of 6.7% for the year, and Realtor.com is predicting a 6.3% average rate in 2025.
In 2024, first-time homebuyers were a record low share of homebuyers, facing high costs for buying relative to renting, historically high home equity among repeat buyers, and a pickup in investor market share.
As the homeownership rate is expected to drop a little, it may not be the year to buy a first home for many.
Published on Mar. 4, 2026
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Vanderbilt basketball guard Frankie Collins is leaving the program, head coach Mark Byington announced on Tuesday night. The news comes just days before the Commodores are set to face off against Tennessee in the regular season finale, with the Volunteers looking to clinch a top-four seed and double-bye in the SEC Tournament.
Why it matters
Collins was Vanderbilt’s most highly touted transfer last offseason, but injuries limited him to just nine games this season. His departure leaves the Commodores shorthanded heading into a crucial matchup against their in-state rival Tennessee, who are seeking to complete a regular season sweep.
The details
The 6-foot-1 guard averaged 7.8 points, 4.7 assists and 4.2 rebounds per game this season, but suffered a meniscus injury in December that sidelined him for the majority of the year. With the emergence of sophomore point guard Tyler Tanner and Oklahoma transfer Duke Miles, Collins never quite found his footing in the Vanderbilt lineup.
- Frankie Collins left the Vanderbilt program on Tuesday, March 4, 2026.
- Vanderbilt is scheduled to face Tennessee on Saturday, March 8, 2026.
The players
Frankie Collins
A 6-foot-1 guard who was Vanderbilt’s most highly touted transfer last offseason, coming to Nashville after spending the 2024-25 season at TCU and the three prior years at Arizona State and Michigan.
Mark Byington
The head coach of the Vanderbilt Commodores basketball team.
Tyler Tanner
The sophomore point guard who emerged as a key player for Vanderbilt this season.
Duke Miles
An Oklahoma transfer shooting guard who joined the Vanderbilt roster this season.
Rick Barnes
The head coach of the Tennessee Volunteers basketball team.
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What they’re saying
“Frankie has left Nashville, and he’s not gonna be on the team. It’s gonna be good for both sides of it. We wish him well. So we’ll roll with the guys we got.”
— Mark Byington, Head Coach, Vanderbilt Commodores (rockytopinsider.com)
What’s next
With a victory over Vanderbilt, Tennessee will clinch a top four-seed and a double-bye in next week’s SEC Tournament. Vanderbilt could potentially earn a double-bye themselves with a win and a little extra help.
The takeaway
The loss of Frankie Collins leaves Vanderbilt shorthanded heading into a crucial matchup against in-state rival Tennessee, who are seeking to complete a regular season sweep. The Commodores will have to rely on the emergence of players like Tyler Tanner and Duke Miles to try and pull off the upset and keep their own postseason hopes alive.
Published on Mar. 3, 2026
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According to ESPN’s latest NFL mock draft, three former Tennessee Volunteers players are projected to be selected in the top 60 picks of the upcoming 2026 NFL Draft. Cornerbacks Jermod McCoy and Colton Hood are both projected to be first-round picks, while wide receiver Chris Brazzell II is projected to be a second-round selection.
Why it matters
The strong NFL Draft projections for Tennessee players highlight the continued talent development and success of the Volunteers football program under head coach Josh Heupel. If these projections hold true, it would mark the first time Tennessee has had two first-round picks and three players selected in the top 60 overall during Heupel’s tenure.
The details
Cornerback Jermod McCoy is projected to be selected 29th overall by the Los Angeles Rams, despite not participating in on-field workouts at the NFL Combine due to a previous ACL injury. Teammate Colton Hood is projected to be the final pick of the first round, going 32nd overall to the Seattle Seahawks. Wide receiver Chris Brazzell II impressed at the Combine with a 4.37 40-yard dash and is projected to be a second-round pick, going 60th overall to the Buffalo Bills.
- The NFL Combine was held in late February 2026.
- Tennessee’s Pro Day workouts are scheduled for the end of March 2026.
- The 2026 NFL Draft will take place in April-May 2026.
The players
Jermod McCoy
A cornerback for the Tennessee Volunteers who is projected to be a first-round pick in the 2026 NFL Draft, despite missing the 2025 season due to an ACL injury.
Colton Hood
A cornerback for the Tennessee Volunteers who is projected to be a first-round pick, going 32nd overall to the Seattle Seahawks in the 2026 NFL Draft.
Chris Brazzell II
A wide receiver for the Tennessee Volunteers who impressed at the NFL Combine with a 4.37 40-yard dash and is projected to be a second-round pick in the 2026 NFL Draft.
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What they’re saying
“If we’re going strictly by talent, McCoy is a top-10 prospect in this class. But he hasn’t played a game since 2024, missing all of last season after suffering an ACL tear in January 2025. We’re still not sure where he’s at in his recovery, as he did not participate in testing or drills at the combine. This gives the Rams — who haven’t drafted a corner in the first round since 2006 or before Day 3 since 2019 — the potential to get a steal here. McCoy is an easy mover who has squeaky-clean technique.”
— Jordan Reid, ESPN Analyst (ESPN)
“The reigning champions have a clear need at corner, as Josh Jobe and Riq Woolen are both scheduled to be free agents. Hood is a scheme-versatile player who can thrive in press man while also having the fluidity to excel in zone. A former all-state center fielder in high school, Hood’s ball skills frequently show up on tape (10 pass breakups and an interception last season). With his poised technique and wrap-up-and-finish tackling, he would fit well on the outside of Mike Macdonald’s secondary.”
— Jordan Reid, ESPN Analyst (ESPN)
“The Bills need someone who can separate on the outside, and Brazzell is an ‘X’ receiver who can be a deep vertical threat. He can also sink his weight and run a true route tree, making him a good fit with quarterback Josh Allen.”
— Jordan Reid, ESPN Analyst (ESPN)
What’s next
Tennessee’s Pro Day workouts are scheduled for the end of March 2026, where McCoy plans to participate in on-field drills to further showcase his recovery from the ACL injury. Strong performances at the Pro Day could potentially push McCoy back up draft boards into the top half of the first round.
The takeaway
The strong NFL Draft projections for Tennessee players demonstrate the continued talent development and success of the Volunteers football program under head coach Josh Heupel. If these projections hold true, it would mark a significant milestone for the program, with Tennessee potentially having two first-round picks and three players selected in the top 60 overall for the first time during Heupel’s tenure.
KNOXVILLE, Tenn. (WCYB) — Tennessee Athletics’ “Big Orange Caravan” presented by Pilot will roll into the Tri-Cities on April 30, bringing some of the university’s most recognizable faces to Kingsport.
The statewide tour, a collaboration between Tennessee Athletics and the UT Knoxville Office of Alumni Affairs, features Vice Chancellor/Director of Athletics Danny White, men’s basketball coach Rick Barnes, women’s basketball coach Kim Caldwell, head football coach Josh Heupel and “Voice of the Vols” Mike Keith.
The Tri-Cities stop is scheduled for Thursday, April 30, at Meadowview Convention Center, 1901 Meadowview Parkway, Kingsport, Tennessee. Doors open at 5 p.m., followed by a meet-and-greet session with the headliners from 5:30-6:15 p.m. The program begins at 6:15 p.m.
Hosted by Keith, the evening will include stories, program insight and a question-and-answer session with Tennessee’s athletics leaders and coaches. The UT Spirit Squads also will be in attendance.
Tickets are $30, plus taxes and fees, and include light food options. A cash bar, along with additional light food and appetizers, will be available.
Of each ticket sold, $5 will benefit the local UT Alumni chapter’s scholarship endowment and $10 will go toward the My All Campaign.
The Tri-Cities event is the final stop of the three-city spring tour. The caravan opens in Chattanooga on April 28 before heading to Nashville on April 29. As announced last spring, Chattanooga and Memphis will alternate as tour stops each year.
The Big Orange Caravan is designed to connect Tennessee coaches and administrators with fans across the state, offering behind-the-scenes insight and celebrating the support of the Volunteer community.
Tickets for the Tri-Cities stop can be purchased at https://www.gofevo.com/event/BOCTriCities26
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