Hardeman County, Tennessee Housing Market Prices
Hardeman 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 35% below the Tennessee median$166,145
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Median rent 32% below the Tennessee median$812
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hardeman County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $166,145 | $255,786 | $248,835 |
| Price Trend (Annual %) | 6.9% | 9.9% | 7.5% |
| Median Gross Rent | $812 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hardeman County is about 35% lower than in Tennessee. Rent is about 32% 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 Hardeman County, up about 6.9% and 4.2% a year respectively. Home prices are changing faster.
Median rent in Hardeman County rose about 31.8% between 2015 and 2024, from $616 to $812. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Hardeman County.
Buying the median-priced home in Hardeman County costs roughly 17.1 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 Hardeman County. The price-to-rent ratio in Tennessee is about 17.9.
| Metric | Hardeman County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $166,145 | $255,786 | $248,835 |
| Median Household Income | $46,091 | $69,901 | $80,455 |
| Price-to-Income Ratio | 3.6 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hardeman County rose about 147.0%, while median household income rose about 32.2% 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 | Hardeman County | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.8% | 60.1% | 58.5% |
| Rental Rate | 24.0% | 29.7% | 31.2% |
| Vacancy Rate | 15.3% | 10.2% | 10.2% |
| Median Tenure (years) | 19.0 | 14.0 | 15.0 |
| Median Year Moved In | 2007 | 2012 | 2011 |
Hardeman County has a homeownership rate of 60.8%, higher than the Tennessee average of 60.1%. Its housing vacancy rate is 15.3%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | Hardeman County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1981 | 1986 | 1978 |
| Median Number of Rooms | 5.9 | 5.7 | 5.5 |
The typical housing unit in Hardeman County was built around 1981. On average, 2.4 people live in a home with about 5.9 rooms, staying for about 19.0 years on average.
Hardeman County, TN Housing Compared With Nearby Counties
How Hardeman County, TN compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hardeman County, TN | 25,433 | $166,145 #3/3 | $812 #3/3 | 71.7% #2/3 |
| Fayette County, TN | 43,762 | $422,563 | $909 | 81.5% |
| Madison County, TN | 99,295 | $209,810 | $1,123 | 62.0% |
Frequently Asked Questions
Common questions about the housing market in Hardeman County, Tennessee.
What is the median home price in Hardeman County, Tennessee?
The median home price in Hardeman County, Tennessee is $166,145, lower than the Tennessee average of $255,786.
What is the average home price in Hardeman County, Tennessee?
The typical home price in Hardeman County, Tennessee, reported as the median sale price, is $166,145. 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 Hardeman County, Tennessee?
The median gross rent in Hardeman County, Tennessee is $812 per month, lower than the Tennessee average of $1,188.
What was the median gross rent in Hardeman County in 2020?
In 2020, the median gross rent in Hardeman County, Tennessee was $693 per month.
What is the price-to-rent ratio in Hardeman County, Tennessee?
The price-to-rent ratio in Hardeman County, Tennessee is about 17.1, meaning it would take roughly 17.1 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 Hardeman County.
Are home prices or rent rising faster in Hardeman County, Tennessee?
Both home prices and rent are rising in Hardeman County, up about 6.9% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hardeman County, Tennessee?
60.8% of households in Hardeman County, Tennessee own their home, higher than the Tennessee average of 60.1%.
What is the vacancy rate in Hardeman County, Tennessee?
The housing vacancy rate in Hardeman County, Tennessee is 15.3%, higher than the Tennessee average of 10.2%.
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