Gibson County, Tennessee Housing Market Prices
Gibson County 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.
-
Median home price 45% above the Tennessee median More expensive than 91% of counties in Tennessee$370,833
-
Median rent 31% below the Tennessee median$819
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Gibson County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $370,833 | $255,786 | $248,835 |
| Price Trend (Annual %) | 32.7% | 9.9% | 7.5% |
| Median Gross Rent | $819 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 3.4% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Gibson County is about 45% higher than in Tennessee. Rent is about 31% lower than the Tennessee average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Gibson County, up about 32.7% and 3.4% a year respectively. Home prices are changing faster.
Median rent in Gibson County rose about 35.3% between 2015 and 2024, from $605 to $819. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 5.9 yearly household incomes in Gibson County.
Buying the median-priced home in Gibson County costs roughly 37.7 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Gibson County. The price-to-rent ratio in Tennessee is about 17.9.
| Metric | Gibson County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $370,833 | $255,786 | $248,835 |
| Median Household Income | $63,330 | $69,901 | $80,455 |
| Price-to-Income Ratio | 5.9 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Gibson County rose about 557.0%, while median household income rose about 67.0% between 2009 and 2025 — 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 | Gibson County | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.0% | 60.1% | 58.5% |
| Rental Rate | 28.1% | 29.7% | 31.2% |
| Vacancy Rate | 10.0% | 10.2% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Gibson County has a homeownership rate of 62.0%, higher than the Tennessee average of 60.1%. Its housing vacancy rate is 10.0%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | Gibson County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1978 | 1986 | 1978 |
| Median Number of Rooms | 5.9 | 5.7 | 5.5 |
The typical housing unit in Gibson County was built around 1978. On average, 2.5 people live in a home with about 5.9 rooms, staying for about 16.0 years on average.
Gibson County, TN Housing Compared With Nearby Counties
Gibson County, TN is the 2nd largest of the 4 counties compared here, 50,869 residents against a local median of 33,016. Where Gibson County, TN breaks from the counties next to it is median home price, sitting 97% above the local median of $188,671 at $370,833.
The counties themselves sit within $94,623 of each other on median home price, a tighter band than the gap between any of them and Gibson County, TN, which makes it a genuine outlier here rather than one end of a wide local spread. Gibson County, TN has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Gibson County, TN | 50,869 | $370,833 #1/4 | $819 #2/4 | 68.8% #1/4 |
| Weakley County, TN | 33,016 | $188,671 | $803 | 66.3% |
| Madison County, TN | 99,295 | $209,810 | $1,123 | 62.0% |
| Obion County, TN | 30,444 | $115,187 | $770 | 68.1% |
Frequently Asked Questions
Common questions about the housing market in Gibson County, Tennessee.
What is the median home price in Gibson County, Tennessee?
The median home price in Gibson County, Tennessee is $370,833, higher than the Tennessee average of $255,786.
What is the average home price in Gibson County, Tennessee?
The typical home price in Gibson County, Tennessee, reported as the median sale price, is $370,833. 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 Gibson County, Tennessee?
The median gross rent in Gibson County, Tennessee is $819 per month, lower than the Tennessee average of $1,188.
What was the median gross rent in Gibson County in 2020?
In 2020, the median gross rent in Gibson County, Tennessee was $670 per month.
What is the price-to-rent ratio in Gibson County, Tennessee?
The price-to-rent ratio in Gibson County, Tennessee is about 37.7, meaning it would take roughly 37.7 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Gibson County.
Are home prices or rent rising faster in Gibson County, Tennessee?
Both home prices and rent are rising in Gibson County, up about 32.7% and 3.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Gibson County, Tennessee?
62.0% of households in Gibson County, Tennessee own their home, higher than the Tennessee average of 60.1%.
What is the vacancy rate in Gibson County, Tennessee?
The housing vacancy rate in Gibson County, Tennessee is 10.0%, lower than the Tennessee average of 10.2%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →