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 | Houston County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $156,944 | $235,307 | $242,182 |
| Price Trend (Annual %) | 31.8% | 10.0% | 8.2% |
| Median Gross Rent | $684 | $1,121 | $1,342 |
| Rent Trend (Annual %) | 1.5% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Houston County is about 33% lower than in Tennessee. Rent is about 39% lower than the Tennessee average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Houston County, up about 31.8% and 1.5% a year respectively. Home prices are changing faster.
Median rent in Houston County rose about 14.5% between 2015 and 2023, from $598 to $684. Over the same span, rent in Tennessee rose about 46.9%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Houston County.
Buying the median-priced home in Houston County costs roughly 19.1 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 Houston County. The price-to-rent ratio in Tennessee is about 17.5.
| Metric | Houston County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $156,944 | $235,307 | $242,182 |
| Median Household Income | $54,426 | $67,486 | $78,145 |
| Price-to-Income Ratio | 2.9 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Houston County rose about 20.5%, while median household income rose about 67.4% 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 | Houston County | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.4% | 60.0% | 58.2% |
| Rental Rate | 15.2% | 29.5% | 31.3% |
| Vacancy Rate | 19.4% | 10.6% | 10.6% |
| Median Tenure (years) | 19.0 | 14.0 | 15.0 |
| Median Year Moved In | 2007 | 2012 | 2011 |
Houston County has a homeownership rate of 65.4%, higher than the Tennessee average of 60.0%. Its housing vacancy rate is 19.4%, compared with 10.6% in Tennessee.
Housing Stock
| Metric | Houston County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.54 people | 2.47 people | 2.54 people |
| Median Structure Built Year | 1984 | 1985 | 1978 |
| Median Number of Rooms | 5.5 | 5.7 | 5.5 |
The typical housing unit in Houston County was built around 1984. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Houston County, Tennessee.
What is the median home price in Houston County, Tennessee?
The median home price in Houston County, Tennessee is $156,944, lower than the Tennessee average of $235,307.
What is the average home price in Houston 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 Houston County, Tennessee?
The median gross rent in Houston County, Tennessee is $684 per month, lower than the Tennessee average of $1,121.
What was the median gross rent in Houston County in 2020?
In 2020, the median gross rent in Houston County, Tennessee was $664 per month.
What is the price-to-rent ratio in Houston County, Tennessee?
The price-to-rent ratio in Houston County, Tennessee is about 19.1, meaning it would take roughly 19.1 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 Houston County.
Are home prices or rent rising faster in Houston County, Tennessee?
Both home prices and rent are rising in Houston County, up about 31.8% and 1.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Houston County, Tennessee?
65.4% of households in Houston County, Tennessee own their home, higher than the Tennessee average of 60.0%.
What is the vacancy rate in Houston County, Tennessee?
The housing vacancy rate in Houston County, Tennessee is 19.4%, higher than the Tennessee average of 10.6%.