Home Equity in Tennessee: How Much Can You Cash Out? (2026)
With Tennessee's median value near $360,000 and a typical $198,000 balance, homeowners can access about $108,000 at 85% combined LTV — through a HELOC, a fixed home equity loan, or a cash-out refinance.
Most Tennessee owners who bought years ago hold significant equity. A HELOC or home equity loan lets you borrow against it without touching a low first-mortgage rate.
Accessible equity by Tennessee county
| County | Est. Value | Equity at 85% CLTV |
|---|---|---|
| Shelby County | $210,000 | $62,500 |
| Davidson County | $460,000 | $138,000 |
| Knox County | $360,000 | $108,000 |
| Hamilton County | $330,000 | $98,500 |
| Rutherford County | $420,000 | $126,000 |
| Williamson County | $760,000 | $228,000 |
| Montgomery County | $360,000 | $108,000 |
| Sumner County | $360,000 | $108,000 |
| Sevier County | $360,000 | $108,000 |
| Wilson County | $360,000 | $108,000 |
| Blount County | $360,000 | $108,000 |
| Washington County | $360,000 | $108,000 |
| Madison County | $360,000 | $108,000 |
| Bradley County | $360,000 | $108,000 |
| Maury County | $360,000 | $108,000 |
| Sullivan County | $360,000 | $108,000 |
| Anderson County | $360,000 | $108,000 |
| Robertson County | $360,000 | $108,000 |
| Putnam County | $360,000 | $108,000 |
| Greene County | $360,000 | $108,000 |
| Hamblen County | $360,000 | $108,000 |
| Bedford County | $360,000 | $108,000 |
| Dickson County | $360,000 | $108,000 |
| Carter County | $360,000 | $108,000 |
| Coffee County | $360,000 | $108,000 |
| Cumberland County | $360,000 | $108,000 |
| McMinn County | $360,000 | $108,000 |
| Loudon County | $360,000 | $108,000 |
How to tap equity in Tennessee
Start with your numbers: home value minus what you owe, capped at 85% of value. Then pick the tool — a revolving HELOC for flexible access, a fixed home equity loan for a lump sum, or a cash-out refinance if a new first-mortgage rate beats your current one. Compare two or three lenders, since margins and fees vary.
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Frequently Asked Questions
- How much home equity can I tap in Tennessee?
- On a $360,000 home with a $198,000 balance, about $108,000 at 85% CLTV. Your exact limit depends on the lender, your credit, and the appraisal.
- Is a HELOC or cash-out better in Tennessee?
- If your first mortgage rate is low, a HELOC or home equity loan is usually cheaper because it keeps that rate. A cash-out refinance only wins when today's rate beats your current one.