Cookeville, Tennessee Housing Market Prices
Cookeville 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 51% below the Tennessee median$124,102
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Median rent 24% below the Tennessee median$904
Housing Market Overview
| Metric | Cookeville | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $124,102 | $255,786 | $248,835 |
| Price Trend (Annual %) | -4.6% | 9.9% | 7.5% |
| Median Gross Rent | $904 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 4.5% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cookeville is about 51% 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
Home prices and rent are moving in opposite directions in Cookeville: home prices fell about 4.6% a year while rent rose about 4.5% a year. That is an unusual pattern worth watching.
Median rent in Cookeville rose about 44.9% between 2015 and 2024, from $624 to $904. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Cookeville.
Buying the median-priced home in Cookeville costs roughly 11.4 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 Cookeville. The price-to-rent ratio in Tennessee is about 17.9.
| Metric | Cookeville | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $124,102 | $255,786 | $248,835 |
| Median Household Income | $51,936 | $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 Cookeville fell about 37.3%, while median household income rose about 39.8% 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 | Cookeville | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 41.5% | 60.1% | 58.5% |
| Rental Rate | 50.9% | 29.7% | 31.2% |
| Vacancy Rate | 7.7% | 10.2% | 10.2% |
| Median Tenure (years) | 9.0 | 14.0 | 15.0 |
| Median Year Moved In | 2017 | 2012 | 2011 |
Cookeville has a homeownership rate of 41.5%, lower than the Tennessee average of 60.1%. Its housing vacancy rate is 7.7%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | Cookeville | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.18 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1989 | 1986 | 1978 |
| Median Number of Rooms | 5.1 | 5.7 | 5.5 |
The typical housing unit in Cookeville was built around 1989. On average, 2.2 people live in a home with about 5.1 rooms, staying for about 9.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Cookeville, Tennessee.
What is the median home price in Cookeville, Tennessee?
The median home price in Cookeville, Tennessee is $124,102, lower than the Tennessee average of $255,786.
What is the average home price in Cookeville, Tennessee?
The typical home price in Cookeville, Tennessee, reported as the median sale price, is $124,102. 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 Cookeville, Tennessee?
The median gross rent in Cookeville, Tennessee is $904 per month, lower than the Tennessee average of $1,188.
What was the median gross rent in Cookeville in 2020?
In 2020, the median gross rent in Cookeville, Tennessee was $731 per month.
What is the price-to-rent ratio in Cookeville, Tennessee?
The price-to-rent ratio in Cookeville, Tennessee is about 11.4, meaning it would take roughly 11.4 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 Cookeville.
Are home prices or rent rising faster in Cookeville, Tennessee?
Home prices and rent are moving in opposite directions in Cookeville: home prices fell about 4.6% a year while rent rose about 4.5% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Cookeville, Tennessee?
41.5% of households in Cookeville, Tennessee own their home, lower than the Tennessee average of 60.1%.
What is the vacancy rate in Cookeville, Tennessee?
The housing vacancy rate in Cookeville, Tennessee is 7.7%, lower than the Tennessee average of 10.2%.
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