Bristol, Tennessee Housing Market Prices
Bristol Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 46% below the Tennessee median$138,691
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Median rent 31% below the Tennessee median$823
Housing Market Overview
| Metric | Bristol | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $138,691 | $255,786 | $248,835 |
| Price Trend (Annual %) | 8.0% | 9.9% | 7.5% |
| Median Gross Rent | $823 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bristol is about 46% lower than in Tennessee. Rent is about 31% lower than the Tennessee average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Bristol, up about 8.0% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Bristol rose about 33.1% between 2015 and 2024, from $618 to $823. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Bristol.
Buying the median-priced home in Bristol costs roughly 14.0 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Bristol. The price-to-rent ratio in Tennessee is about 17.9.
| Metric | Bristol | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $138,691 | $255,786 | $248,835 |
| Median Household Income | $58,290 | $69,901 | $80,455 |
| Price-to-Income Ratio | 2.4 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Bristol rose about 7.4%, while median household income rose about 49.8% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Bristol | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.2% | 60.1% | 58.5% |
| Rental Rate | 27.9% | 29.7% | 31.2% |
| Vacancy Rate | 7.8% | 10.2% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Bristol has a homeownership rate of 64.2%, higher than the Tennessee average of 60.1%. Its housing vacancy rate is 7.8%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | Bristol | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1969 | 1986 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in Bristol was built around 1969. On average, 2.3 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 Bristol, Tennessee.
What is the median home price in Bristol, Tennessee?
The median home price in Bristol, Tennessee is $138,691, lower than the Tennessee average of $255,786.
What is the average home price in Bristol, Tennessee?
The typical home price in Bristol, Tennessee, reported as the median sale price, is $138,691. 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 Bristol, Tennessee?
The median gross rent in Bristol, Tennessee is $823 per month, lower than the Tennessee average of $1,188.
What was the median gross rent in Bristol in 2020?
In 2020, the median gross rent in Bristol, Tennessee was $710 per month.
What is the price-to-rent ratio in Bristol, Tennessee?
The price-to-rent ratio in Bristol, Tennessee is about 14.0, meaning it would take roughly 14.0 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Bristol.
Are home prices or rent rising faster in Bristol, Tennessee?
Both home prices and rent are rising in Bristol, up about 8.0% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bristol, Tennessee?
64.2% of households in Bristol, Tennessee own their home, higher than the Tennessee average of 60.1%.
What is the vacancy rate in Bristol, Tennessee?
The housing vacancy rate in Bristol, Tennessee is 7.8%, lower than the Tennessee average of 10.2%.
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