Kingsport, Tennessee Housing Market Prices
Kingsport 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 6% below the Tennessee median$240,785
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Median rent 30% below the Tennessee median$830
Housing Market Overview
| Metric | Kingsport | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $240,785 | $255,786 | $248,835 |
| Price Trend (Annual %) | 8.8% | 9.9% | 7.5% |
| Median Gross Rent | $830 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 4.5% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kingsport is about 6% lower than in Tennessee. Rent is about 30% 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 Kingsport, up about 8.8% and 4.5% a year respectively. Home prices are changing faster.
Median rent in Kingsport rose about 47.4% between 2015 and 2024, from $563 to $830. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 4.7 yearly household incomes in Kingsport.
Buying the median-priced home in Kingsport costs roughly 24.2 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 Kingsport. The price-to-rent ratio in Tennessee is about 17.9.
| Metric | Kingsport | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $240,785 | $255,786 | $248,835 |
| Median Household Income | $50,824 | $69,901 | $80,455 |
| Price-to-Income Ratio | 4.7 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Kingsport rose about 89.5%, while median household income rose about 37.5% 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 | Kingsport | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.0% | 60.1% | 58.5% |
| Rental Rate | 34.0% | 29.7% | 31.2% |
| Vacancy Rate | 10.0% | 10.2% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Kingsport has a homeownership rate of 56.0%, lower than the Tennessee average of 60.1%. Its housing vacancy rate is 10.0%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | Kingsport | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.17 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1970 | 1986 | 1978 |
| Median Number of Rooms | 5.4 | 5.7 | 5.5 |
The typical housing unit in Kingsport was built around 1970. On average, 2.2 people live in a home with about 5.4 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Kingsport, Tennessee.
What is the median home price in Kingsport, Tennessee?
The median home price in Kingsport, Tennessee is $240,785, lower than the Tennessee average of $255,786.
What is the average home price in Kingsport, Tennessee?
The typical home price in Kingsport, Tennessee, reported as the median sale price, is $240,785. 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 Kingsport, Tennessee?
The median gross rent in Kingsport, Tennessee is $830 per month, lower than the Tennessee average of $1,188.
What was the median gross rent in Kingsport in 2020?
In 2020, the median gross rent in Kingsport, Tennessee was $636 per month.
What is the price-to-rent ratio in Kingsport, Tennessee?
The price-to-rent ratio in Kingsport, Tennessee is about 24.2, meaning it would take roughly 24.2 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 Kingsport.
Are home prices or rent rising faster in Kingsport, Tennessee?
Both home prices and rent are rising in Kingsport, up about 8.8% and 4.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Kingsport, Tennessee?
56.0% of households in Kingsport, Tennessee own their home, lower than the Tennessee average of 60.1%.
What is the vacancy rate in Kingsport, Tennessee?
The housing vacancy rate in Kingsport, Tennessee is 10.0%, lower than the Tennessee average of 10.2%.
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