Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hardin County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $32,500 | $235,307 | $242,182 |
| Price Trend (Annual %) | -4.6% | 10.0% | 8.2% |
| Median Gross Rent | $770 | $1,121 | $1,342 |
| Rent Trend (Annual %) | 3.6% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hardin County is about 86% lower than in Tennessee. Rent is about 31% lower than the Tennessee average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Hardin County: home prices fell about 4.6% a year while rent rose about 3.6% a year. That is an unusual pattern worth watching.
Median rent in Hardin County rose about 33.5% between 2015 and 2023, from $576 to $770. Over the same span, rent in Tennessee rose about 46.9%.
Affordability
On average, housing unit costs 0.7 yearly household incomes in Hardin County.
Buying the median-priced home in Hardin County costs roughly 3.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Hardin County. The price-to-rent ratio in Tennessee is about 17.5.
| Metric | Hardin County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $32,500 | $235,307 | $242,182 |
| Median Household Income | $49,076 | $67,486 | $78,145 |
| Price-to-Income Ratio | 0.7 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Hardin County fell about 72.7%, while median household income rose about 60.4% between 2009 and 2023 — 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 | Hardin County | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.0% | 60.0% | 58.2% |
| Rental Rate | 15.8% | 29.5% | 31.3% |
| Vacancy Rate | 28.2% | 10.6% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Hardin County has a homeownership rate of 56.0%, lower than the Tennessee average of 60.0%. Its housing vacancy rate is 28.2%, compared with 10.6% in Tennessee.
Housing Stock
| Metric | Hardin County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.47 people | 2.54 people |
| Median Structure Built Year | 1984 | 1985 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Hardin County was built around 1984. On average, 2.4 people live in a home with about 5.6 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Hardin County, Tennessee.
What is the median home price in Hardin County, Tennessee?
The median home price in Hardin County, Tennessee is $32,500, lower than the Tennessee average of $235,307.
What is the average home price in Hardin County, Tennessee?
The typical home price in %s, reported as the median sale price, is %s. 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 Hardin County, Tennessee?
The median gross rent in Hardin County, Tennessee is $770 per month, lower than the Tennessee average of $1,121.
What was the median gross rent in Hardin County in 2020?
In 2020, the median gross rent in Hardin County, Tennessee was $611 per month.
What is the price-to-rent ratio in Hardin County, Tennessee?
The price-to-rent ratio in Hardin County, Tennessee is about 3.5, meaning it would take roughly 3.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Hardin County.
Are home prices or rent rising faster in Hardin County, Tennessee?
Home prices and rent are moving in opposite directions in Hardin County: home prices fell about 4.6% a year while rent rose about 3.6% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Hardin County, Tennessee?
56.0% of households in Hardin County, Tennessee own their home, lower than the Tennessee average of 60.0%.
What is the vacancy rate in Hardin County, Tennessee?
The housing vacancy rate in Hardin County, Tennessee is 28.2%, higher than the Tennessee average of 10.6%.