Lauderdale County, Tennessee Housing Market Prices
Lauderdale 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 15% below the Tennessee median$217,000
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Median rent 35% below the Tennessee median$773
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lauderdale County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $217,000 | $255,786 | $248,835 |
| Price Trend (Annual %) | 75.3% | 9.9% | 7.5% |
| Median Gross Rent | $773 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lauderdale County is about 15% lower than in Tennessee. Rent is about 35% 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 Lauderdale County, up about 75.3% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Lauderdale County rose about 27.2% between 2015 and 2024, from $608 to $773. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in Lauderdale County.
Buying the median-priced home in Lauderdale County costs roughly 23.4 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 Lauderdale County. The price-to-rent ratio in Tennessee is about 17.9.
| Metric | Lauderdale County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $217,000 | $255,786 | $248,835 |
| Median Household Income | $49,811 | $69,901 | $80,455 |
| Price-to-Income Ratio | 4.4 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lauderdale County rose about 215.6%, while median household income rose about 43.6% 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 | Lauderdale County | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.1% | 60.1% | 58.5% |
| Rental Rate | 31.1% | 29.7% | 31.2% |
| Vacancy Rate | 12.8% | 10.2% | 10.2% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Lauderdale County has a homeownership rate of 56.1%, lower than the Tennessee average of 60.1%. Its housing vacancy rate is 12.8%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | Lauderdale County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1981 | 1986 | 1978 |
| Median Number of Rooms | 5.5 | 5.7 | 5.5 |
The typical housing unit in Lauderdale County was built around 1981. On average, 2.4 people live in a home with about 5.5 rooms, staying for about 17.0 years on average.
Lauderdale County, TN Housing Compared With Nearby Counties
Lauderdale County, TN is the 4th largest of the 5 counties compared here, 24,687 residents against a local median of 37,789. Lauderdale County, TN's median home price, at $217,000, runs 93% above the $112,315 typical of the counties around it.
The counties themselves spread $299,246 on median home price, so Lauderdale County, TN sits at one end of an already wide local range rather than apart from it. Lauderdale County, TN has the 2nd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lauderdale County, TN | 24,687 | $217,000 #2/5 | $773 #4/5 | 64.3% #2/5 |
| Tipton County, TN | 61,301 | $333,403 | $1,012 | 76.3% |
| Dyer County, TN | 36,498 | $173,212 | $782 | 61.9% |
| Mississippi County, AR | 39,080 | $51,419 | $830 | 59.9% |
| Pemiscot County, MO | 14,958 | $34,156 | $694 | 55.2% |
Frequently Asked Questions
Common questions about the housing market in Lauderdale County, Tennessee.
What is the median home price in Lauderdale County, Tennessee?
The median home price in Lauderdale County, Tennessee is $217,000, lower than the Tennessee average of $255,786.
What is the average home price in Lauderdale County, Tennessee?
The typical home price in Lauderdale County, Tennessee, reported as the median sale price, is $217,000. 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 Lauderdale County, Tennessee?
The median gross rent in Lauderdale County, Tennessee is $773 per month, lower than the Tennessee average of $1,188.
What was the median gross rent in Lauderdale County in 2020?
In 2020, the median gross rent in Lauderdale County, Tennessee was $643 per month.
What is the price-to-rent ratio in Lauderdale County, Tennessee?
The price-to-rent ratio in Lauderdale County, Tennessee is about 23.4, meaning it would take roughly 23.4 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 Lauderdale County.
Are home prices or rent rising faster in Lauderdale County, Tennessee?
Both home prices and rent are rising in Lauderdale County, up about 75.3% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lauderdale County, Tennessee?
56.1% of households in Lauderdale County, Tennessee own their home, lower than the Tennessee average of 60.1%.
What is the vacancy rate in Lauderdale County, Tennessee?
The housing vacancy rate in Lauderdale County, Tennessee is 12.8%, higher than the Tennessee average of 10.2%.
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