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 | Campbell County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $189,760 | $235,307 | $242,182 |
| Price Trend (Annual %) | 18.0% | 10.0% | 8.2% |
| Median Gross Rent | $715 | $1,121 | $1,342 |
| Rent Trend (Annual %) | 3.7% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Campbell County is about 19% lower than in Tennessee. Rent is about 36% 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 Campbell County, up about 18.0% and 3.7% a year respectively. Home prices are changing faster.
Median rent in Campbell County rose about 28.6% between 2015 and 2023, from $556 to $715. Over the same span, rent in Tennessee rose about 46.9%.
Affordability
On average, housing unit costs 3.8 yearly household incomes in Campbell County.
Buying the median-priced home in Campbell County costs roughly 22.1 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 Campbell County. The price-to-rent ratio in Tennessee is about 17.5.
| Metric | Campbell County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $189,760 | $235,307 | $242,182 |
| Median Household Income | $50,217 | $67,486 | $78,145 |
| Price-to-Income Ratio | 3.8 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Campbell County rose about 150.1%, while median household income rose about 72.7% 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 | Campbell County | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.2% | 60.0% | 58.2% |
| Rental Rate | 26.8% | 29.5% | 31.3% |
| Vacancy Rate | 18.0% | 10.6% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Campbell County has a homeownership rate of 55.2%, lower than the Tennessee average of 60.0%. Its housing vacancy rate is 18.0%, compared with 10.6% in Tennessee.
Housing Stock
| Metric | Campbell County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.33 people | 2.47 people | 2.54 people |
| Median Structure Built Year | 1979 | 1985 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Campbell County was built around 1979. On average, 2.3 people live in a home with about 5.7 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Campbell County, Tennessee.
What is the median home price in Campbell County, Tennessee?
The median home price in Campbell County, Tennessee is $189,760, lower than the Tennessee average of $235,307.
What is the average home price in Campbell 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 Campbell County, Tennessee?
The median gross rent in Campbell County, Tennessee is $715 per month, lower than the Tennessee average of $1,121.
What was the median gross rent in Campbell County in 2020?
In 2020, the median gross rent in Campbell County, Tennessee was $620 per month.
What is the price-to-rent ratio in Campbell County, Tennessee?
The price-to-rent ratio in Campbell County, Tennessee is about 22.1, meaning it would take roughly 22.1 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 Campbell County.
Are home prices or rent rising faster in Campbell County, Tennessee?
Both home prices and rent are rising in Campbell County, up about 18.0% and 3.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Campbell County, Tennessee?
55.2% of households in Campbell County, Tennessee own their home, lower than the Tennessee average of 60.0%.
What is the vacancy rate in Campbell County, Tennessee?
The housing vacancy rate in Campbell County, Tennessee is 18.0%, higher than the Tennessee average of 10.6%.