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 | Dickson County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $223,447 | $235,307 | $242,182 |
| Price Trend (Annual %) | 10.3% | 10.0% | 8.2% |
| Median Gross Rent | $972 | $1,121 | $1,342 |
| Rent Trend (Annual %) | 4.1% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Dickson County is about 5% lower than in Tennessee. Rent is about 13% 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 Dickson County, up about 10.3% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Dickson County rose about 34.6% between 2015 and 2023, from $722 to $972. Over the same span, rent in Tennessee rose about 46.9%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Dickson County.
Buying the median-priced home in Dickson County costs roughly 19.2 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 Dickson County. The price-to-rent ratio in Tennessee is about 17.5.
| Metric | Dickson County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $223,447 | $235,307 | $242,182 |
| Median Household Income | $73,567 | $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 Dickson County rose about 74.0%, while median household income rose about 63.5% 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 | Dickson County | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.0% | 60.0% | 58.2% |
| Rental Rate | 17.9% | 29.5% | 31.3% |
| Vacancy Rate | 9.1% | 10.6% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Dickson County has a homeownership rate of 73.0%, higher than the Tennessee average of 60.0%. Its housing vacancy rate is 9.1%, compared with 10.6% in Tennessee.
Housing Stock
| Metric | Dickson County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.47 people | 2.54 people |
| Median Structure Built Year | 1987 | 1985 | 1978 |
| Median Number of Rooms | 5.9 | 5.7 | 5.5 |
The typical housing unit in Dickson County was built around 1987. On average, 2.6 people live in a home with about 5.9 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Dickson County, Tennessee.
What is the median home price in Dickson County, Tennessee?
The median home price in Dickson County, Tennessee is $223,447, lower than the Tennessee average of $235,307.
What is the average home price in Dickson 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 Dickson County, Tennessee?
The median gross rent in Dickson County, Tennessee is $972 per month, lower than the Tennessee average of $1,121.
What was the median gross rent in Dickson County in 2020?
In 2020, the median gross rent in Dickson County, Tennessee was $801 per month.
What is the price-to-rent ratio in Dickson County, Tennessee?
The price-to-rent ratio in Dickson County, Tennessee is about 19.2, meaning it would take roughly 19.2 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 Dickson County.
Are home prices or rent rising faster in Dickson County, Tennessee?
Both home prices and rent are rising in Dickson County, up about 10.3% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Dickson County, Tennessee?
73.0% of households in Dickson County, Tennessee own their home, higher than the Tennessee average of 60.0%.
What is the vacancy rate in Dickson County, Tennessee?
The housing vacancy rate in Dickson County, Tennessee is 9.1%, lower than the Tennessee average of 10.6%.