Michie, TN housing market
The typical Michie home is worth about $197,000, up 5.5% in a year, 41% below the Tennessee typical home.
Home values, sales, trends and how Michie compares with the towns next door — updated as new data is published.
Michie at a glance
Typical home value, 2016–2026
Show as a table
| January | Michie | Tennessee |
|---|---|---|
| 2017 | $112,000 | $174,000 |
| 2018 | $115,000 | $187,000 |
| 2019 | $118,000 | $198,000 |
| 2020 | $130,000 | $215,000 |
| 2021 | $143,000 | $238,000 |
| 2022 | $167,000 | $287,000 |
| 2023 | $179,000 | $313,000 |
| 2024 | $184,000 | $326,000 |
| 2025 | $189,000 | $334,000 |
| 2026 | $191,000 | $333,000 |
| August 2026 | $197,000 | $334,000 |
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,010
HUD's Fair Market Rent for a two-bedroom in Michie is $1,010 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Michie pay a median of $596, so moving in tends to cost more than staying put.
Studio $790 · 4 bedrooms $1,520
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (38357; Hardin County, TN), 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.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.