Average Closing Costs in Tennessee (2026)

Tennessee Closing Cost Laws & Requirements

Tennessee has no state income tax on wages. The state charges a Realty Transfer Tax on property transfers. Tennessee has relatively low property taxes compared to national averages.

Transfer Tax

Tennessee Realty Transfer Tax is $0.37 per $100 of sale price paid by the seller.

First-Time Buyer Programs in Tennessee

THDA offers the Great Choice Home Loan with down payment assistance.

Closing Costs by City in Tennessee

City	Typical Range	Avg % of Price
Nashville	$9,300 – $23,250	1.6%
Memphis	$3,700 – $9,250	1.6%
Knoxville	$5,700 – $14,250	1.6%

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