La Vergne, Tennessee Housing Market Prices
La Vergne 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 1% below the Tennessee median$252,748
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Median rent 51% above the Tennessee median$1,795
Housing Market Overview
| Metric | La Vergne | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $252,748 | $255,786 | $248,835 |
| Price Trend (Annual %) | 13.1% | 9.9% | 7.5% |
| Median Gross Rent | $1,795 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 6.7% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in La Vergne is about 1% lower than in Tennessee. Rent is about 51% 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 La Vergne, up about 13.1% and 6.7% a year respectively. Home prices are changing faster.
Median rent in La Vergne rose about 67.4% between 2015 and 2024, from $1,072 to $1,795. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in La Vergne.
Buying the median-priced home in La Vergne costs roughly 11.7 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 La Vergne. The price-to-rent ratio in Tennessee is about 17.9.
| Metric | La Vergne | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $252,748 | $255,786 | $248,835 |
| Median Household Income | $78,517 | $69,901 | $80,455 |
| Price-to-Income Ratio | 3.2 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in La Vergne rose about 191.9%, while median household income rose about 34.9% 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 | La Vergne | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.4% | 60.1% | 58.5% |
| Rental Rate | 25.5% | 29.7% | 31.2% |
| Vacancy Rate | 5.1% | 10.2% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
La Vergne has a homeownership rate of 69.4%, higher than the Tennessee average of 60.1%. Its housing vacancy rate is 5.1%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | La Vergne | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.03 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1999 | 1986 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in La Vergne was built around 1999. On average, 3.0 people live in a home with about 5.7 rooms, staying for about 13.0 years on average.
La Vergne, TN Housing Compared With Nearby Cities
How La Vergne, TN compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| La Vergne, TN | 39,679 | $252,748 #2/2 | $1,795 #2/2 | 73.1% #1/2 |
| Mount Juliet, TN | 30,009 | $478,872 | $1,955 | 71.1% |
Frequently Asked Questions
Common questions about the housing market in La Vergne, Tennessee.
What is the median home price in La Vergne, Tennessee?
The median home price in La Vergne, Tennessee is $252,748, lower than the Tennessee average of $255,786.
What is the average home price in La Vergne, Tennessee?
The typical home price in La Vergne, Tennessee, reported as the median sale price, is $252,748. 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 La Vergne, Tennessee?
The median gross rent in La Vergne, Tennessee is $1,795 per month, higher than the Tennessee average of $1,188.
What was the median gross rent in La Vergne in 2020?
In 2020, the median gross rent in La Vergne, Tennessee was $1,295 per month.
What is the price-to-rent ratio in La Vergne, Tennessee?
The price-to-rent ratio in La Vergne, Tennessee is about 11.7, meaning it would take roughly 11.7 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 La Vergne.
Are home prices or rent rising faster in La Vergne, Tennessee?
Both home prices and rent are rising in La Vergne, up about 13.1% and 6.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in La Vergne, Tennessee?
69.4% of households in La Vergne, Tennessee own their home, higher than the Tennessee average of 60.1%.
What is the vacancy rate in La Vergne, Tennessee?
The housing vacancy rate in La Vergne, Tennessee is 5.1%, lower than the Tennessee average of 10.2%.
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