Gallatin, TN housing market
The typical Gallatin home is worth about $435,000, up 0.6% in a year, 30% above the Tennessee typical home. Homes typically sell in 70 days, close to asking.
Home values, sales, trends and how Gallatin compares with the towns next door — updated as new data is published.
Gallatin at a glance
A balanced market
About 4.7 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Gallatin | Tennessee |
|---|---|---|
| 2017 | $242,000 | $174,000 |
| 2018 | $262,000 | $187,000 |
| 2019 | $276,000 | $198,000 |
| 2020 | $299,000 | $215,000 |
| 2021 | $322,000 | $238,000 |
| 2022 | $400,000 | $287,000 |
| 2023 | $438,000 | $313,000 |
| 2024 | $431,000 | $326,000 |
| 2025 | $431,000 | $334,000 |
| 2026 | $435,000 | $333,000 |
| August 2026 | $435,000 | $334,000 |
2,267 new homes permitted in 2025
Builders were permitted 2,267 new homes in Gallatin in 2025: 843 single-family houses and 1,424 in buildings with two or more homes, worth about $407.9 million to build. That's 47 per 1,000 residents, faster than across Tennessee (7.8). Over the past 10 years, Gallatin has permitted 11,214 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Gallatin gained 14,153 residents while 5,491 new homes were permitted: about 2.6 new residents per new home. Building and growth moved roughly in step. Across Tennessee: 2 new residents per new home.
How Gallatin ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 432 | 432 | 0 | $114.2 million |
| 2025 | 2,267 | 843 | 1,424 | $407.9 million |
| 2024 | 1,035 | 905 | 130 | $258.1 million |
| 2023 | 1,058 | 766 | 292 | $264.3 million |
| 2022 | 1,039 | 688 | 351 | $281.7 million |
| 2021 | 778 | 763 | 15 | $234.3 million |
| 2020 | 1,178 | 686 | 492 | $213.3 million |
| 2019 | 579 | 447 | 132 | $125.8 million |
| 2018 | 1,003 | 537 | 466 | $152 million |
| 2017 | 1,578 | 506 | 1,072 | $174 million |
| 2016 | 699 | 551 | 148 | $144.9 million |
| 2015 | 490 | 418 | 72 | $98.9 million |
| 2014 | 368 | 368 | 0 | $78.9 million |
| 2013 | 313 | 313 | 0 | $54.4 million |
| 2012 | 202 | 199 | 3 | $44.6 million |
| 2011 | 157 | 157 | 0 | $29.3 million |
| 2010 | 102 | 100 | 2 | $14.3 million |
| 2009 | 222 | 222 | 0 | $47.4 million |
| 2008 | 341 | 341 | 0 | $56.5 million |
| 2007 | 354 | 348 | 6 | $76.5 million |
| 2006 | 531 | 503 | 28 | $84.5 million |
| 2005 | 465 | 370 | 95 | $90.8 million |
| 2004 | 528 | 320 | 208 | $66.6 million |
| 2003 | 295 | 272 | 23 | $44 million |
| 2002 | 246 | 211 | 35 | $28.2 million |
| 2001 | 535 | 157 | 378 | $34.1 million |
| 2000 | 115 | 115 | 0 | $12 million |
How Gallatin ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Gallatin and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Gallatin | $435K | +0.6% | $1,550 | 2,267 | $77,518 |
| Hendersonville | $518K | +0.7% | $1,870 | 192 | $97,200 |
5.6 years of income
The typical Gallatin home costs about 5.6 years of the town's median household income, more than across Tennessee (4.8 years).
How Gallatin ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,550
HUD's Fair Market Rent for a two-bedroom in Gallatin is $1,550 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Gallatin pay a median of $1,395, so moving in tends to cost more than staying put. A two-bedroom takes about 24% of the town's median household income.
Studio $1,350 · 4 bedrooms $2,420
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (37066; Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Gallatin
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.