Grundy County, Tennessee Housing Market Prices
Grundy 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 26% below the Tennessee median$189,285
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Median rent 47% below the Tennessee median Cheaper than 95% of counties in Tennessee$635
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Grundy County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $189,285 | $255,786 | $248,835 |
| Price Trend (Annual %) | 12.0% | 9.9% | 7.5% |
| Median Gross Rent | $635 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 2.1% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Grundy County is about 26% lower than in Tennessee. Rent is about 47% 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 Grundy County, up about 12.0% and 2.1% a year respectively. Home prices are changing faster.
Median rent in Grundy County rose about 21.2% between 2015 and 2024, from $525 to $635. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 3.9 yearly household incomes in Grundy County.
Buying the median-priced home in Grundy County costs roughly 24.8 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 Grundy County. The price-to-rent ratio in Tennessee is about 17.9.
| Metric | Grundy County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $189,285 | $255,786 | $248,835 |
| Median Household Income | $48,237 | $69,901 | $80,455 |
| Price-to-Income Ratio | 3.9 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Grundy County rose about 183.6%, while median household income rose about 74.6% 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 | Grundy County | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.2% | 60.1% | 58.5% |
| Rental Rate | 13.5% | 29.7% | 31.2% |
| Vacancy Rate | 17.3% | 10.2% | 10.2% |
| Median Tenure (years) | 20.0 | 14.0 | 15.0 |
| Median Year Moved In | 2006 | 2012 | 2011 |
Grundy County has a homeownership rate of 69.2%, higher than the Tennessee average of 60.1%. Its housing vacancy rate is 17.3%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | Grundy County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1987 | 1986 | 1978 |
| Median Number of Rooms | 5.5 | 5.7 | 5.5 |
The typical housing unit in Grundy County was built around 1987. On average, 2.6 people live in a home with about 5.5 rooms, staying for about 20.0 years on average.
Grundy County, TN Housing Compared With Nearby Counties
Grundy County, TN is the smallest of the 4 counties compared here, 13,819 residents against a local median of 42,165. The measure that sets Grundy County, TN apart most is median rent: $635, 25% below the local median of $853.
Homeownership tells the same story from another angle: 83.7% against a local median of 72.4%, 16% above it. The one measure here that carries a verdict is homeownership, and at 16% above the local median it puts Grundy County, TN at the better end of the local range. The counties themselves sit within $85 of each other on median rent, a tighter band than the gap between any of them and Grundy County, TN, which makes it a genuine outlier here rather than one end of a wide local spread. Grundy County, TN has the 4th highest median rent of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Grundy County, TN | 13,819 | $189,285 #3/4 | $635 #4/4 | 83.7% #1/4 |
| Marion County, TN | 29,249 | $160,237 | $853 | 78.5% |
| Warren County, TN | 42,165 | $214,873 | $827 | 72.4% |
| Coffee County, TN | 59,710 | $487,999 | $913 | 69.0% |
Frequently Asked Questions
Common questions about the housing market in Grundy County, Tennessee.
What is the median home price in Grundy County, Tennessee?
The median home price in Grundy County, Tennessee is $189,285, lower than the Tennessee average of $255,786.
What is the average home price in Grundy County, Tennessee?
The typical home price in Grundy County, Tennessee, reported as the median sale price, is $189,285. 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 Grundy County, Tennessee?
The median gross rent in Grundy County, Tennessee is $635 per month, lower than the Tennessee average of $1,188.
What was the median gross rent in Grundy County in 2020?
In 2020, the median gross rent in Grundy County, Tennessee was $642 per month.
What is the price-to-rent ratio in Grundy County, Tennessee?
The price-to-rent ratio in Grundy County, Tennessee is about 24.8, meaning it would take roughly 24.8 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 Grundy County.
Are home prices or rent rising faster in Grundy County, Tennessee?
Both home prices and rent are rising in Grundy County, up about 12.0% and 2.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Grundy County, Tennessee?
69.2% of households in Grundy County, Tennessee own their home, higher than the Tennessee average of 60.1%.
What is the vacancy rate in Grundy County, Tennessee?
The housing vacancy rate in Grundy County, Tennessee is 17.3%, higher than the Tennessee average of 10.2%.
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