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 | DeKalb County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $150,000 | $235,307 | $242,182 |
| Price Trend (Annual %) | 35.1% | 10.0% | 8.2% |
| Median Gross Rent | $772 | $1,121 | $1,342 |
| Rent Trend (Annual %) | 3.5% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in DeKalb County is about 36% lower than in Tennessee. Rent is about 31% 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 DeKalb County, up about 35.1% and 3.5% a year respectively. Home prices are changing faster.
Median rent in DeKalb County rose about 34.5% between 2015 and 2023, from $574 to $772. Over the same span, rent in Tennessee rose about 46.9%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in DeKalb County.
Buying the median-priced home in DeKalb County costs roughly 16.2 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 DeKalb County. The price-to-rent ratio in Tennessee is about 17.5.
| Metric | DeKalb County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $150,000 | $235,307 | $242,182 |
| Median Household Income | $48,720 | $67,486 | $78,145 |
| Price-to-Income Ratio | 3.1 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in DeKalb County rose about 24.4%, while median household income rose about 43.5% 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 | DeKalb County | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.3% | 60.0% | 58.2% |
| Rental Rate | 26.4% | 29.5% | 31.3% |
| Vacancy Rate | 15.3% | 10.6% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
DeKalb County has a homeownership rate of 58.3%, lower than the Tennessee average of 60.0%. Its housing vacancy rate is 15.3%, compared with 10.6% in Tennessee.
Housing Stock
| Metric | DeKalb County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 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 DeKalb County was built around 1985. On average, 2.4 people live in a home with about 5.6 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in DeKalb County, Tennessee.
What is the median home price in DeKalb County, Tennessee?
The median home price in DeKalb County, Tennessee is $150,000, lower than the Tennessee average of $235,307.
What is the average home price in DeKalb 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 DeKalb County, Tennessee?
The median gross rent in DeKalb County, Tennessee is $772 per month, lower than the Tennessee average of $1,121.
What was the median gross rent in DeKalb County in 2020?
In 2020, the median gross rent in DeKalb County, Tennessee was $645 per month.
What is the price-to-rent ratio in DeKalb County, Tennessee?
The price-to-rent ratio in DeKalb County, Tennessee is about 16.2, meaning it would take roughly 16.2 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 DeKalb County.
Are home prices or rent rising faster in DeKalb County, Tennessee?
Both home prices and rent are rising in DeKalb County, up about 35.1% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in DeKalb County, Tennessee?
58.3% of households in DeKalb County, Tennessee own their home, lower than the Tennessee average of 60.0%.
What is the vacancy rate in DeKalb County, Tennessee?
The housing vacancy rate in DeKalb County, Tennessee is 15.3%, higher than the Tennessee average of 10.6%.