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 | Crockett County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $176,500 | $235,307 | $242,182 |
| Price Trend (Annual %) | 60.8% | 10.0% | 8.2% |
| Median Gross Rent | $854 | $1,121 | $1,342 |
| Rent Trend (Annual %) | 4.0% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Crockett County is about 25% lower than in Tennessee. Rent is about 24% 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 Crockett County, up about 60.8% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Crockett County rose about 34.1% between 2015 and 2023, from $637 to $854. Over the same span, rent in Tennessee rose about 46.9%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Crockett County.
Buying the median-priced home in Crockett 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 Crockett County. The price-to-rent ratio in Tennessee is about 17.5.
| Metric | Crockett County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $176,500 | $235,307 | $242,182 |
| Median Household Income | $58,746 | $67,486 | $78,145 |
| Price-to-Income Ratio | 3.0 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Crockett County rose about 224.4%, while median household income rose about 65.8% 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 | Crockett County | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.9% | 60.0% | 58.2% |
| Rental Rate | 28.0% | 29.5% | 31.3% |
| Vacancy Rate | 10.1% | 10.6% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Crockett County has a homeownership rate of 61.9%, higher than the Tennessee average of 60.0%. Its housing vacancy rate is 10.1%, compared with 10.6% in Tennessee.
Housing Stock
| Metric | Crockett County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.50 people | 2.47 people | 2.54 people |
| Median Structure Built Year | 1979 | 1985 | 1978 |
| Median Number of Rooms | 5.5 | 5.7 | 5.5 |
The typical housing unit in Crockett County was built around 1979. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Crockett County, Tennessee.
What is the median home price in Crockett County, Tennessee?
The median home price in Crockett County, Tennessee is $176,500, lower than the Tennessee average of $235,307.
What is the average home price in Crockett 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 Crockett County, Tennessee?
The median gross rent in Crockett County, Tennessee is $854 per month, lower than the Tennessee average of $1,121.
What was the median gross rent in Crockett County in 2020?
In 2020, the median gross rent in Crockett County, Tennessee was $745 per month.
What is the price-to-rent ratio in Crockett County, Tennessee?
The price-to-rent ratio in Crockett 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 Crockett County.
Are home prices or rent rising faster in Crockett County, Tennessee?
Both home prices and rent are rising in Crockett County, up about 60.8% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Crockett County, Tennessee?
61.9% of households in Crockett County, Tennessee own their home, higher than the Tennessee average of 60.0%.
What is the vacancy rate in Crockett County, Tennessee?
The housing vacancy rate in Crockett County, Tennessee is 10.1%, lower than the Tennessee average of 10.6%.