Lewis County, Tennessee Housing Market Prices
Lewis 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 46% below the Tennessee median Cheaper than 71% of counties in Tennessee$137,500
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Median rent 40% below the Tennessee median Cheaper than 89% of counties in Tennessee$708
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lewis County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $137,500 | $255,786 | $248,835 |
| Price Trend (Annual %) | 10.2% | 9.9% | 7.5% |
| Median Gross Rent | $708 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 5.2% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lewis County is about 46% lower than in Tennessee. Rent is about 40% lower than the Tennessee average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Lewis County, up about 10.2% and 5.2% a year respectively. Home prices are changing faster.
Median rent in Lewis County rose about 42.3% between 2015 and 2024, from $497 to $708. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Lewis County.
Buying the median-priced home in Lewis County costs roughly 16.2 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 Lewis County. The price-to-rent ratio in Tennessee is about 17.9.
| Metric | Lewis County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $137,500 | $255,786 | $248,835 |
| Median Household Income | $55,909 | $69,901 | $80,455 |
| Price-to-Income Ratio | 2.5 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Lewis County rose about 16.9%, while median household income rose about 59.6% between 2009 and 2025 — 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 | Lewis County | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 76.1% | 60.1% | 58.5% |
| Rental Rate | 16.8% | 29.7% | 31.2% |
| Vacancy Rate | 7.2% | 10.2% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Lewis County has a homeownership rate of 76.1%, higher than the Tennessee average of 60.1%. Its housing vacancy rate is 7.2%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | Lewis County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1986 | 1986 | 1978 |
| Median Number of Rooms | 5.9 | 5.7 | 5.5 |
The typical housing unit in Lewis County was built around 1986. On average, 2.4 people live in a home with about 5.9 rooms, staying for about 16.0 years on average.
Lewis County, TN Housing Compared With Nearby Counties
Lewis County, TN is the 4th largest of the 5 counties compared here, 12,992 residents against a local median of 35,410. Where Lewis County, TN breaks from the counties next to it is median home price, sitting 39% above the local median of $99,227 at $137,500.
The counties themselves spread $178,787 on median home price, so Lewis County, TN sits at one end of an already wide local range rather than apart from it. Lewis County, TN has the 2nd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lewis County, TN | 12,992 | $137,500 #2/5 | $708 #5/5 | 81.9% #1/5 |
| Hickman County, TN | 25,436 | $94,027 | $892 | 79.2% |
| Lawrence County, TN | 45,385 | $104,427 | $763 | 77.6% |
| Perry County, TN | 8,697 | $18,513 | $758 | 73.8% |
| Maury County, TN | 107,806 | $197,300 | $1,300 | 70.9% |
Frequently Asked Questions
Common questions about the housing market in Lewis County, Tennessee.
What is the median home price in Lewis County, Tennessee?
The median home price in Lewis County, Tennessee is $137,500, lower than the Tennessee average of $255,786.
What is the average home price in Lewis County, Tennessee?
The typical home price in Lewis County, Tennessee, reported as the median sale price, is $137,500. 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 Lewis County, Tennessee?
The median gross rent in Lewis County, Tennessee is $708 per month, lower than the Tennessee average of $1,188.
What was the median gross rent in Lewis County in 2020?
In 2020, the median gross rent in Lewis County, Tennessee was $608 per month.
What is the price-to-rent ratio in Lewis County, Tennessee?
The price-to-rent ratio in Lewis County, Tennessee is about 16.2, meaning it would take roughly 16.2 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 Lewis County.
Are home prices or rent rising faster in Lewis County, Tennessee?
Both home prices and rent are rising in Lewis County, up about 10.2% and 5.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lewis County, Tennessee?
76.1% of households in Lewis County, Tennessee own their home, higher than the Tennessee average of 60.1%.
What is the vacancy rate in Lewis County, Tennessee?
The housing vacancy rate in Lewis County, Tennessee is 7.2%, lower than the Tennessee average of 10.2%.
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