About Tennessee economy

The real gross domestic product per capita (Engl. per capita GDP in real terms) in 2006 stood at $ 34,321 (national average of the 50 U.S. states: USD 37,714; place national ranking: 31) [5].

Key economic impetus came from the Tennessee Valley Authority from which to expand electricity production, infrastructure and industrialization led.

Major industries are

* Chemical Industry
* Machinery and motor vehicles
* Textile Industry
* Timber Industry
* Cultivation of tobacco, cotton, soybeans, corn
* Forestry
* Mining (coal, pyrite, Zinc ore, phosphate)
* Tourism (especially Great Smoky Mountains National Park)

Tennessee real estate values

Listing Type Number Median Price Price Change
from Sep
Homes for Sale 53,865 $173,700 +1.6%
New Homes 104 $287,900 0.0%
Foreclosures 12,954 $81,660 -1.9%

Tennessee real estate markets

The most popular real estate markets for the Tennessee state are in the following areas:

•    Chattanooga
•    Knoxville
•    Memphis
•    Nashville
•    Kinsport
•    Johnson City
•    Oak Ridge
•    Tullahoma
•    Goodlettsville
•    Franklin
•    Clarksville
Bear in mind that the list of Tennessee real estate markets may be subject to change due to economic issues.