Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Blount County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $419,968 | $235,307 | $242,182 |
| Price Trend (Annual %) | 25.6% | 10.0% | 8.2% |
| Median Gross Rent | $1,042 | $1,121 | $1,342 |
| Rent Trend (Annual %) | 5.1% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Blount County is about 78% higher than in Tennessee. Rent is about 7% lower than the Tennessee average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Blount County, up about 25.6% and 5.1% a year respectively. Home prices are changing faster.
Median rent in Blount County rose about 39.8% between 2015 and 2023, from $745 to $1,042. Over the same span, rent in Tennessee rose about 46.9%.
Affordability
On average, housing unit costs 5.6 yearly household incomes in Blount County.
Buying the median-priced home in Blount County costs roughly 33.6 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Blount County. The price-to-rent ratio in Tennessee is about 17.5.
| Metric | Blount County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $419,968 | $235,307 | $242,182 |
| Median Household Income | $74,601 | $67,486 | $78,145 |
| Price-to-Income Ratio | 5.6 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Blount County rose about 273.6%, while median household income rose about 57.7% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Blount County | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.8% | 60.0% | 58.2% |
| Rental Rate | 20.6% | 29.5% | 31.3% |
| Vacancy Rate | 10.6% | 10.6% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Blount County has a homeownership rate of 68.8%, higher than the Tennessee average of 60.0%. Its housing vacancy rate is 10.6%, compared with 10.6% in Tennessee.
Housing Stock
| Metric | Blount County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.49 people | 2.47 people | 2.54 people |
| Median Structure Built Year | 1986 | 1985 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in Blount County was built around 1986. On average, 2.5 people live in a home with about 5.8 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Blount County, Tennessee.
What is the median home price in Blount County, Tennessee?
The median home price in Blount County, Tennessee is $419,968, higher than the Tennessee average of $235,307.
What is the average home price in Blount County, Tennessee?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Blount County, Tennessee?
The median gross rent in Blount County, Tennessee is $1,042 per month, lower than the Tennessee average of $1,121.
What was the median gross rent in Blount County in 2020?
In 2020, the median gross rent in Blount County, Tennessee was $828 per month.
What is the price-to-rent ratio in Blount County, Tennessee?
The price-to-rent ratio in Blount County, Tennessee is about 33.6, meaning it would take roughly 33.6 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Blount County.
Are home prices or rent rising faster in Blount County, Tennessee?
Both home prices and rent are rising in Blount County, up about 25.6% and 5.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Blount County, Tennessee?
68.8% of households in Blount County, Tennessee own their home, higher than the Tennessee average of 60.0%.
What is the vacancy rate in Blount County, Tennessee?
The housing vacancy rate in Blount County, Tennessee is 10.6%, about the same as the Tennessee average.