Grainger County, Tennessee Housing Market Prices
Grainger 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.
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Median home price 17% below the Tennessee median$212,931
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Median rent 37% below the Tennessee median Cheaper than 79% of counties in Tennessee$745
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Grainger County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $212,931 | $255,786 | $248,835 |
| Price Trend (Annual %) | 10.1% | 9.9% | 7.5% |
| Median Gross Rent | $745 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 3.3% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Grainger County is about 17% lower than in Tennessee. Rent is about 37% 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 Grainger County, up about 10.1% and 3.3% a year respectively. Home prices are changing faster.
Median rent in Grainger County rose about 36.9% between 2015 and 2024, from $544 to $745. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 4.2 yearly household incomes in Grainger County.
Buying the median-priced home in Grainger County costs roughly 23.8 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 Grainger County. The price-to-rent ratio in Tennessee is about 17.9.
| Metric | Grainger County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $212,931 | $255,786 | $248,835 |
| Median Household Income | $50,783 | $69,901 | $80,455 |
| Price-to-Income Ratio | 4.2 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Grainger County rose about 81.0%, while median household income rose about 53.7% 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 | Grainger County | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.9% | 60.1% | 58.5% |
| Rental Rate | 18.7% | 29.7% | 31.2% |
| Vacancy Rate | 18.4% | 10.2% | 10.2% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Grainger County has a homeownership rate of 62.9%, higher than the Tennessee average of 60.1%. Its housing vacancy rate is 18.4%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | Grainger County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.50 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1985 | 1986 | 1978 |
| Median Number of Rooms | 5.5 | 5.7 | 5.5 |
The typical housing unit in Grainger County was built around 1985. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 17.0 years on average.
Grainger County, TN Housing Compared With Nearby Counties
Grainger County, TN is the smallest of the 4 counties compared here, 24,266 residents against a local median of 56,834. Where Grainger County, TN breaks from the counties next to it is median home price, sitting 79% above the local median of $118,803 at $212,931.
The counties themselves spread $102,284 on median home price, so Grainger County, TN sits at one end of an already wide local range rather than apart from it. Grainger County, TN has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Grainger County, TN | 24,266 | $212,931 #1/4 | $745 #3/4 | 77.1% #1/4 |
| Jefferson County, TN | 56,834 | $118,803 | $904 | 75.8% |
| Hamblen County, TN | 65,669 | $105,027 | $857 | 69.8% |
| Claiborne County, TN | 32,466 | $207,311 | $744 | 72.2% |
Frequently Asked Questions
Common questions about the housing market in Grainger County, Tennessee.
What is the median home price in Grainger County, Tennessee?
The median home price in Grainger County, Tennessee is $212,931, lower than the Tennessee average of $255,786.
What is the average home price in Grainger County, Tennessee?
The typical home price in Grainger County, Tennessee, reported as the median sale price, is $212,931. 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 Grainger County, Tennessee?
The median gross rent in Grainger County, Tennessee is $745 per month, lower than the Tennessee average of $1,188.
What was the median gross rent in Grainger County in 2020?
In 2020, the median gross rent in Grainger County, Tennessee was $627 per month.
What is the price-to-rent ratio in Grainger County, Tennessee?
The price-to-rent ratio in Grainger County, Tennessee is about 23.8, meaning it would take roughly 23.8 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 Grainger County.
Are home prices or rent rising faster in Grainger County, Tennessee?
Both home prices and rent are rising in Grainger County, up about 10.1% and 3.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Grainger County, Tennessee?
62.9% of households in Grainger County, Tennessee own their home, higher than the Tennessee average of 60.1%.
What is the vacancy rate in Grainger County, Tennessee?
The housing vacancy rate in Grainger County, Tennessee is 18.4%, higher than the Tennessee average of 10.2%.
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