Hamilton County, Tennessee Housing Market Prices
Hamilton 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 22% above the Tennessee median More expensive than 82% of counties in Tennessee$311,675
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Median rent 5% above the Tennessee median More expensive than 90% of counties in Tennessee$1,253
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hamilton County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $311,675 | $255,786 | $248,835 |
| Price Trend (Annual %) | 11.1% | 9.9% | 7.5% |
| Median Gross Rent | $1,253 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 6.3% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hamilton County is about 22% higher than in Tennessee. Rent is about 5% higher 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 Hamilton County, up about 11.1% and 6.3% a year respectively. Home prices are changing faster.
Median rent in Hamilton County rose about 65.4% between 2015 and 2024, from $757 to $1,253. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 4.1 yearly household incomes in Hamilton County.
Buying the median-priced home in Hamilton County costs roughly 20.7 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 Hamilton County. The price-to-rent ratio in Tennessee is about 17.9.
| Metric | Hamilton County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $311,675 | $255,786 | $248,835 |
| Median Household Income | $76,240 | $69,901 | $80,455 |
| Price-to-Income Ratio | 4.1 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hamilton County rose about 131.7%, while median household income rose about 56.4% 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 | Hamilton County | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.7% | 60.1% | 58.5% |
| Rental Rate | 33.1% | 29.7% | 31.2% |
| Vacancy Rate | 8.2% | 10.2% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Hamilton County has a homeownership rate of 58.7%, lower than the Tennessee average of 60.1%. Its housing vacancy rate is 8.2%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | Hamilton County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1981 | 1986 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Hamilton County was built around 1981. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 14.0 years on average.
Hamilton County, TN Housing Compared With Nearby Counties
Hamilton County, TN is the largest of the 4 counties compared here, 375,392 residents against a local median of 103,598. Hamilton County, TN's median home price, at $311,675, runs 43% above the $217,500 typical of the counties around it.
Median rent tells the same story from another angle: $1,253 against a local median of $992, 26% above it. The counties themselves sit within $38,079 of each other on median home price, a tighter band than the gap between any of them and Hamilton County, TN, which makes it a genuine outlier here rather than one end of a wide local spread. Hamilton County, TN has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hamilton County, TN | 375,392 | $311,675 #1/4 | $1,253 #1/4 | 63.9% #4/4 |
| Catoosa County, GA | 68,548 | $185,416 | $992 | 74.2% |
| Bradley County, TN | 110,691 | $223,495 | $1,029 | 67.3% |
| Whitfield County, GA | 103,598 | $217,500 | $970 | 67.0% |
Frequently Asked Questions
Common questions about the housing market in Hamilton County, Tennessee.
What is the median home price in Hamilton County, Tennessee?
The median home price in Hamilton County, Tennessee is $311,675, higher than the Tennessee average of $255,786.
What is the average home price in Hamilton County, Tennessee?
The typical home price in Hamilton County, Tennessee, reported as the median sale price, is $311,675. 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 Hamilton County, Tennessee?
The median gross rent in Hamilton County, Tennessee is $1,253 per month, higher than the Tennessee average of $1,188.
What was the median gross rent in Hamilton County in 2020?
In 2020, the median gross rent in Hamilton County, Tennessee was $913 per month.
What is the price-to-rent ratio in Hamilton County, Tennessee?
The price-to-rent ratio in Hamilton County, Tennessee is about 20.7, meaning it would take roughly 20.7 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 Hamilton County.
Are home prices or rent rising faster in Hamilton County, Tennessee?
Both home prices and rent are rising in Hamilton County, up about 11.1% and 6.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hamilton County, Tennessee?
58.7% of households in Hamilton County, Tennessee own their home, lower than the Tennessee average of 60.1%.
What is the vacancy rate in Hamilton County, Tennessee?
The housing vacancy rate in Hamilton County, Tennessee is 8.2%, lower than the Tennessee average of 10.2%.
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