McMinn County, Tennessee Housing Market Prices
McMinn 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.
-
Median home price 43% below the Tennessee median$146,249
-
Median rent 32% below the Tennessee median$803
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | McMinn County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $146,249 | $255,786 | $248,835 |
| Price Trend (Annual %) | 8.8% | 9.9% | 7.5% |
| Median Gross Rent | $803 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in McMinn County is about 43% lower than in Tennessee. Rent is about 32% 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 McMinn County, up about 8.8% and 3.9% a year respectively. Home prices are changing faster.
Median rent in McMinn County rose about 36.8% between 2015 and 2024, from $587 to $803. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in McMinn County.
Buying the median-priced home in McMinn County costs roughly 15.2 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 McMinn County. The price-to-rent ratio in Tennessee is about 17.9.
| Metric | McMinn County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $146,249 | $255,786 | $248,835 |
| Median Household Income | $60,991 | $69,901 | $80,455 |
| Price-to-Income Ratio | 2.4 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in McMinn County rose about 67.8%, while median household income rose about 54.5% 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 | McMinn County | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.6% | 60.1% | 58.5% |
| Rental Rate | 21.3% | 29.7% | 31.2% |
| Vacancy Rate | 12.1% | 10.2% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
McMinn County has a homeownership rate of 66.6%, higher than the Tennessee average of 60.1%. Its housing vacancy rate is 12.1%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | McMinn County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1982 | 1986 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in McMinn County was built around 1982. On average, 2.5 people live in a home with about 5.8 rooms, staying for about 15.0 years on average.
McMinn County, TN Housing Compared With Nearby Counties
How McMinn County, TN compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| McMinn County, TN | 54,884 | $146,249 #3/3 | $803 #3/3 | 75.8% #1/3 |
| Rhea County, TN | 33,992 | $276,685 | $839 | 71.5% |
| Bradley County, TN | 110,691 | $223,495 | $1,029 | 67.3% |
Frequently Asked Questions
Common questions about the housing market in McMinn County, Tennessee.
What is the median home price in McMinn County, Tennessee?
The median home price in McMinn County, Tennessee is $146,249, lower than the Tennessee average of $255,786.
What is the average home price in McMinn County, Tennessee?
The typical home price in McMinn County, Tennessee, reported as the median sale price, is $146,249. 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 McMinn County, Tennessee?
The median gross rent in McMinn County, Tennessee is $803 per month, lower than the Tennessee average of $1,188.
What was the median gross rent in McMinn County in 2020?
In 2020, the median gross rent in McMinn County, Tennessee was $723 per month.
What is the price-to-rent ratio in McMinn County, Tennessee?
The price-to-rent ratio in McMinn County, Tennessee is about 15.2, meaning it would take roughly 15.2 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 McMinn County.
Are home prices or rent rising faster in McMinn County, Tennessee?
Both home prices and rent are rising in McMinn County, up about 8.8% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in McMinn County, Tennessee?
66.6% of households in McMinn County, Tennessee own their home, higher than the Tennessee average of 60.1%.
What is the vacancy rate in McMinn County, Tennessee?
The housing vacancy rate in McMinn County, Tennessee is 12.1%, higher than the Tennessee average of 10.2%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →