Chester County, Tennessee Housing Market Prices
Chester 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 79% below the Tennessee median Cheaper than 91% of counties in Tennessee$54,673
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Median rent 36% below the Tennessee median Cheaper than 76% of counties in Tennessee$756
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Chester County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $54,673 | $255,786 | $248,835 |
| Price Trend (Annual %) | -14.6% | 9.9% | 7.5% |
| Median Gross Rent | $756 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 1.6% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Chester County is about 79% lower than in Tennessee. Rent is about 36% lower than the Tennessee average.
Median Home and Rent Price Trends
Median Home Prices, 2016-2021
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Chester County: home prices fell about 14.6% a year while rent rose about 1.6% a year. That is an unusual pattern worth watching.
Median rent in Chester County rose about 15.4% between 2015 and 2024, from $655 to $756. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 0.9 yearly household incomes in Chester County.
Buying the median-priced home in Chester County costs roughly 6.0 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 Chester County. The price-to-rent ratio in Tennessee is about 17.9.
| Metric | Chester County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $54,673 | $255,786 | $248,835 |
| Median Household Income | $59,120 | $69,901 | $80,455 |
| Price-to-Income Ratio | 0.9 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2016 and 2021, the median home price in Chester County fell about 69.9%, while median household income rose about 38.8% 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 | Chester County | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.6% | 60.1% | 58.5% |
| Rental Rate | 21.7% | 29.7% | 31.2% |
| Vacancy Rate | 11.7% | 10.2% | 10.2% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Chester County has a homeownership rate of 66.6%, higher than the Tennessee average of 60.1%. Its housing vacancy rate is 11.7%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | Chester County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.55 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1987 | 1986 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Chester County was built around 1987. On average, 2.6 people live in a home with about 5.7 rooms, staying for about 17.0 years on average.
Chester County, TN Housing Compared With Nearby Counties
How Chester County, TN compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Chester County, TN | 17,611 | $54,673 #3/3 | $756 #3/3 | 75.4% #1/3 |
| Madison County, TN | 99,295 | $209,810 | $1,123 | 62.0% |
| Hardeman County, TN | 25,433 | $166,145 | $812 | 71.7% |
Frequently Asked Questions
Common questions about the housing market in Chester County, Tennessee.
What is the median home price in Chester County, Tennessee?
The median home price in Chester County, Tennessee is $54,673, lower than the Tennessee average of $255,786.
What is the average home price in Chester County, Tennessee?
The typical home price in Chester County, Tennessee, reported as the median sale price, is $54,673. 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 Chester County, Tennessee?
The median gross rent in Chester County, Tennessee is $756 per month, lower than the Tennessee average of $1,188.
What was the median gross rent in Chester County in 2020?
In 2020, the median gross rent in Chester County, Tennessee was $642 per month.
What is the price-to-rent ratio in Chester County, Tennessee?
The price-to-rent ratio in Chester County, Tennessee is about 6.0, meaning it would take roughly 6.0 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 Chester County.
Are home prices or rent rising faster in Chester County, Tennessee?
Home prices and rent are moving in opposite directions in Chester County: home prices fell about 14.6% a year while rent rose about 1.6% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Chester County, Tennessee?
66.6% of households in Chester County, Tennessee own their home, higher than the Tennessee average of 60.1%.
What is the vacancy rate in Chester County, Tennessee?
The housing vacancy rate in Chester County, Tennessee is 11.7%, higher than the Tennessee average of 10.2%.
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