Greene County, Tennessee Housing Market Prices
Greene 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 39% below the Tennessee median$157,083
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Median rent 38% below the Tennessee median Cheaper than 83% of counties in Tennessee$736
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Greene County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $157,083 | $255,786 | $248,835 |
| Price Trend (Annual %) | 2.1% | 9.9% | 7.5% |
| Median Gross Rent | $736 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Greene County is about 39% lower than in Tennessee. Rent is about 38% 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 Greene County, up about 2.1% and 3.5% a year respectively. Rent is changing faster.
Median rent in Greene County rose about 31.9% between 2015 and 2024, from $558 to $736. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Greene County.
Buying the median-priced home in Greene County costs roughly 17.8 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 Greene County. The price-to-rent ratio in Tennessee is about 17.9.
| Metric | Greene County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $157,083 | $255,786 | $248,835 |
| Median Household Income | $56,389 | $69,901 | $80,455 |
| Price-to-Income Ratio | 2.8 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Greene County rose about 22.9%, while median household income rose about 45.4% between 2009 and 2025 — 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 | Greene County | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.0% | 60.1% | 58.5% |
| Rental Rate | 19.9% | 29.7% | 31.2% |
| Vacancy Rate | 13.1% | 10.2% | 10.2% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Greene County has a homeownership rate of 67.0%, higher than the Tennessee average of 60.1%. Its housing vacancy rate is 13.1%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | Greene County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.46 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1985 | 1986 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Greene County was built around 1985. On average, 2.5 people live in a home with about 5.6 rooms, staying for about 17.0 years on average.
Greene County, TN Housing Compared With Nearby Counties
Greene County, TN is the 2nd largest of the 5 counties compared here, 71,628 residents against a local median of 47,386. Greene County, TN's median home price, at $157,083, runs 37% below the $250,724 typical of the counties around it.
The counties themselves spread $336,250 on median home price, so Greene County, TN sits at one end of an already wide local range rather than apart from it. Greene County, TN has the 4th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Greene County, TN | 71,628 | $157,083 #4/5 | $736 #5/5 | 77.1% #3/5 |
| Hawkins County, TN | 57,964 | $228,888 | $784 | 80.1% |
| Madison County, NC | 21,867 | $450,956 | $779 | 77.5% |
| Washington County, TN | 136,261 | $114,705 | $1,005 | 64.5% |
| Cocke County, TN | 36,809 | $272,561 | $797 | 74.5% |
Frequently Asked Questions
Common questions about the housing market in Greene County, Tennessee.
What is the median home price in Greene County, Tennessee?
The median home price in Greene County, Tennessee is $157,083, lower than the Tennessee average of $255,786.
What is the average home price in Greene County, Tennessee?
The typical home price in Greene County, Tennessee, reported as the median sale price, is $157,083. 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 Greene County, Tennessee?
The median gross rent in Greene County, Tennessee is $736 per month, lower than the Tennessee average of $1,188.
What was the median gross rent in Greene County in 2020?
In 2020, the median gross rent in Greene County, Tennessee was $618 per month.
What is the price-to-rent ratio in Greene County, Tennessee?
The price-to-rent ratio in Greene County, Tennessee is about 17.8, meaning it would take roughly 17.8 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 Greene County.
Are home prices or rent rising faster in Greene County, Tennessee?
Both home prices and rent are rising in Greene County, up about 2.1% and 3.5% a year respectively. Rent is changing faster.
What is the homeownership rate in Greene County, Tennessee?
67.0% of households in Greene County, Tennessee own their home, higher than the Tennessee average of 60.1%.
What is the vacancy rate in Greene County, Tennessee?
The housing vacancy rate in Greene County, Tennessee is 13.1%, higher than the Tennessee average of 10.2%.
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