Miley Cyrus' parents Billy Ray and Tish are putting their Los Angeles home on the market.

The 'Achy Breaky Heart' singer and his estranged wife of 17 years - who announced in October they are divorcing - have put their house at Toluca Lake up for sale for more than $7 million.

Tish has recently been spotted looking for homes in Encino, California and is believed to be downsizing to a $4.6 million pad.

It is not yet known where Billy Ray will move to.

It was recently claimed that 'Hannah Montana' star Miley, 18, blames her popularity for her parents ending their marriage and would give everything up if it would mean they work things out.

A source close to the star told website "It's heartbreaking. You would think someone like Miley has everything in the world, but I guarantee she would give it all up in a second if it kept her family together.

"Every marriage struggles when a child leaves home and the relationship gets re-examined, but add on top of that that every second of the past decade Billy Ray and Tish have spent building a star together, they have forgotten to make time for each other."

Part of the reason former country singer Billy Ray - who also appears in 'Hannah Montana' - and Tish are splitting is said to be because Miley - whose career is said to be worth over $50 million - has been so successful, and now she is old enough to look after herself, they don't have other things to work at together.

Another source said recently: "Both parents have been equally involved in making their daughter a superstar.

"And now that they have achieved their goal they have nothing to work towards anymore and nothing to keep them together."

Billy Ray filed divorce on October 26, and asked people to pray for him and Tish to help them through the difficult and emotional time.

The pair are expected to file for joint custody of their three youngest children: Miley, Noah, 10 and Braison, 16.

Billy Ray is also stepfather to Tish's two children from a previous relationship, Trace and Brandi.