Cannon County, Tennessee Housing Market Prices
Cannon County 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 27% below the Tennessee median$187,500
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Median rent 24% below the Tennessee median More expensive than 71% of counties in Tennessee$908
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Cannon County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,500 | $255,786 | $248,835 |
| Price Trend (Annual %) | 8.1% | 9.9% | 7.5% |
| Median Gross Rent | $908 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 5.2% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cannon County is about 27% lower than in Tennessee. Rent is about 24% 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 Cannon County, up about 8.1% and 5.2% a year respectively. Home prices are changing faster.
Median rent in Cannon County rose about 50.2% between 2015 and 2024, from $605 to $908. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Cannon County.
Buying the median-priced home in Cannon County costs roughly 17.2 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Cannon County. The price-to-rent ratio in Tennessee is about 17.9.
| Metric | Cannon County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,500 | $255,786 | $248,835 |
| Median Household Income | $59,227 | $69,901 | $80,455 |
| Price-to-Income Ratio | 3.2 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Cannon County fell about 20.7%, while median household income rose about 55.3% 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 | Cannon County | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.2% | 60.1% | 58.5% |
| Rental Rate | 19.4% | 29.7% | 31.2% |
| Vacancy Rate | 10.5% | 10.2% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Cannon County has a homeownership rate of 70.2%, higher than the Tennessee average of 60.1%. Its housing vacancy rate is 10.5%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | Cannon County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.54 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1988 | 1986 | 1978 |
| Median Number of Rooms | 5.9 | 5.7 | 5.5 |
The typical housing unit in Cannon County was built around 1988. On average, 2.5 people live in a home with about 5.9 rooms, staying for about 16.0 years on average.
Cannon County, TN Housing Compared With Nearby Counties
Cannon County, TN is the smallest of the 5 counties compared here, 14,818 residents against a local median of 108,769. Where Cannon County, TN breaks from the counties next to it is median home price, sitting 56% below the local median of $423,078 at $187,500.
Median rent tells the same story from another angle: $908 against a local median of $1,199, 24% below it. The counties themselves spread $273,126 on median home price, so Cannon County, TN sits at one end of an already wide local range rather than apart from it. Cannon County, TN has the 5th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Cannon County, TN | 14,818 | $187,500 #5/5 | $908 #4/5 | 78.4% #1/5 |
| Warren County, TN | 42,165 | $214,873 | $827 | 72.4% |
| Coffee County, TN | 59,710 | $487,999 | $913 | 69.0% |
| Rutherford County, TN | 357,384 | $382,437 | $1,502 | 64.7% |
| Wilson County, TN | 157,828 | $463,718 | $1,485 | 76.9% |
Frequently Asked Questions
Common questions about the housing market in Cannon County, Tennessee.
What is the median home price in Cannon County, Tennessee?
The median home price in Cannon County, Tennessee is $187,500, lower than the Tennessee average of $255,786.
What is the average home price in Cannon County, Tennessee?
The typical home price in Cannon County, Tennessee, reported as the median sale price, is $187,500. 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 Cannon County, Tennessee?
The median gross rent in Cannon County, Tennessee is $908 per month, lower than the Tennessee average of $1,188.
What was the median gross rent in Cannon County in 2020?
In 2020, the median gross rent in Cannon County, Tennessee was $641 per month.
What is the price-to-rent ratio in Cannon County, Tennessee?
The price-to-rent ratio in Cannon County, Tennessee is about 17.2, meaning it would take roughly 17.2 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Cannon County.
Are home prices or rent rising faster in Cannon County, Tennessee?
Both home prices and rent are rising in Cannon County, up about 8.1% and 5.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Cannon County, Tennessee?
70.2% of households in Cannon County, Tennessee own their home, higher than the Tennessee average of 60.1%.
What is the vacancy rate in Cannon County, Tennessee?
The housing vacancy rate in Cannon County, Tennessee is 10.5%, higher than the Tennessee average of 10.2%.
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