Building Costs Per Square Foot in the State of Tennessee, USA -2024

Newly-built 4 Bedroom House with 3 Bathrooms and 2 x Attached Garages, Gross Floor Area 1840 sqft - on 0 Riverwood Drive, Buchanan, Tennesse - Price $339000

Completed in 2022 – Newly-built 4 Bedroom House with 3 Bathrooms and 2 x Attached Garages,
Gross Floor Area 1840 sqft – on 0 Riverwood Drive, Buchanan, Tennesse –
Price $339000

As of 2024, building costs in the state of Tennessee are 2% above the national average. The charts below show a comparison of costs between luxury, semi-luxury, best, good, average and minimum standard single-family houses. Costs are also given for manufactured housing in five quality classes.

2024 Building Costs Per Square Foot for Single Family Homes in the State of Tennessee, USA

  • Class 1 – Luxury Homes – $408.83 to $620.23 per sqft
  • Class 2 – Semi Luxury Homes – $248.48 to $376.94 per sqft
  • Class 3 – Best Standard Homes – $160.58 to $241.44 per sqft
  • Class 4 – Good Standard Homes – $117.22 to $177.90 per sqft
  • Class 5 – Average Standard Homes – $95.16 to $144.22 per sqft
  • Class 6 – Minimum Standard  Homes – $75.06 to $113.84 per sqft
Tennessee Single Family Houses 2024 Building Costs

Tennessee Single Family Houses 2024 Building Costs

2024 Building Costs Per Square Foot for Manufactured Housing in the State of Tennessee, USA

Manufactured housing is composed of one or more prefabricated modular units which are delivered to the site and assembled on a RC foundation or slab.

  • Best Quality Housing – $144.22 to $164.11 per sqft
  • Good Quality Housing – $121.65 to $144.79 per sqft
  • Average Quality Housing – $98.73 to $126.09 per sqft
  • Low Average Quality Housing – $83.64 to $109.86 per sqft
  • Lowest Quality Housing – $71.91 to $97.19 per sqft
Tennessee Manufactured Housing 2024 Building Costs

Tennessee Manufactured Housing 2024 Building Costs

 

Residential Construction Market Analysis in the State of Tennessee, USA

Building costs are 2% below the national average in the state of Tennessee, and closer to Pennsylvania, South Carolina, Wyoming, South Carolina,  New Hampshire, Indiana, Iowa, Missouri, Montana, Oregon and Utah by 1%  . Nothing speaks so much of the courage of a person as the fact of being encouraged to build a house or invest in the real estate market. This is because it is a market known to be unstable, but don’t let this scare you; It is one of the markets that give the highest profits and if you can make it in this business you can make it anywhere.

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