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 | Claiborne County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $126,689 | $235,307 | $242,182 |
| Price Trend (Annual %) | -4.8% | 10.0% | 8.2% |
| Median Gross Rent | $735 | $1,121 | $1,342 |
| Rent Trend (Annual %) | 4.6% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Claiborne County is about 46% lower than in Tennessee. Rent is about 34% lower than the Tennessee average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Claiborne County: home prices fell about 4.8% a year while rent rose about 4.6% a year. That is an unusual pattern worth watching.
Median rent in Claiborne County rose about 41.7% between 2015 and 2023, from $519 to $735. Over the same span, rent in Tennessee rose about 46.9%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Claiborne County.
Buying the median-priced home in Claiborne County costs roughly 14.4 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 Claiborne County. The price-to-rent ratio in Tennessee is about 17.5.
| Metric | Claiborne County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $126,689 | $235,307 | $242,182 |
| Median Household Income | $46,754 | $67,486 | $78,145 |
| Price-to-Income Ratio | 2.7 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Claiborne County fell about 20.1%, while median household income rose about 43.8% between 2009 and 2023 — 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 | Claiborne County | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.4% | 60.0% | 58.2% |
| Rental Rate | 24.8% | 29.5% | 31.3% |
| Vacancy Rate | 12.8% | 10.6% | 10.6% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Claiborne County has a homeownership rate of 62.4%, higher than the Tennessee average of 60.0%. Its housing vacancy rate is 12.8%, compared with 10.6% in Tennessee.
Housing Stock
| Metric | Claiborne County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.30 people | 2.47 people | 2.54 people |
| Median Structure Built Year | 1985 | 1985 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Claiborne County was built around 1985. On average, 2.3 people live in a home with about 5.6 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Claiborne County, Tennessee.
What is the median home price in Claiborne County, Tennessee?
The median home price in Claiborne County, Tennessee is $126,689, lower than the Tennessee average of $235,307.
What is the average home price in Claiborne 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 Claiborne County, Tennessee?
The median gross rent in Claiborne County, Tennessee is $735 per month, lower than the Tennessee average of $1,121.
What was the median gross rent in Claiborne County in 2020?
In 2020, the median gross rent in Claiborne County, Tennessee was $637 per month.
What is the price-to-rent ratio in Claiborne County, Tennessee?
The price-to-rent ratio in Claiborne County, Tennessee is about 14.4, meaning it would take roughly 14.4 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 Claiborne County.
Are home prices or rent rising faster in Claiborne County, Tennessee?
Home prices and rent are moving in opposite directions in Claiborne County: home prices fell about 4.8% a year while rent rose about 4.6% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Claiborne County, Tennessee?
62.4% of households in Claiborne County, Tennessee own their home, higher than the Tennessee average of 60.0%.
What is the vacancy rate in Claiborne County, Tennessee?
The housing vacancy rate in Claiborne County, Tennessee is 12.8%, higher than the Tennessee average of 10.6%.