Meigs County, Tennessee Housing Market Prices
Meigs 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 76% above the Tennessee median Among the 5 most expensive counties in Tennessee$450,000
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Median rent 26% below the Tennessee median$874
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Meigs County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,000 | $255,786 | $248,835 |
| Price Trend (Annual %) | 40.0% | 9.9% | 7.5% |
| Median Gross Rent | $874 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 4.7% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Meigs County is about 76% higher than in Tennessee. Rent is about 26% 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 Meigs County, up about 40.0% and 4.7% a year respectively. Home prices are changing faster.
Median rent in Meigs County rose about 48.4% between 2015 and 2024, from $589 to $874. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 7.3 yearly household incomes in Meigs County.
Buying the median-priced home in Meigs County costs roughly 42.9 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 Meigs County. The price-to-rent ratio in Tennessee is about 17.9.
| Metric | Meigs County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,000 | $255,786 | $248,835 |
| Median Household Income | $61,612 | $69,901 | $80,455 |
| Price-to-Income Ratio | 7.3 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Meigs County rose about 411.3%, while median household income rose about 69.6% 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 | Meigs County | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.5% | 60.1% | 58.5% |
| Rental Rate | 15.9% | 29.7% | 31.2% |
| Vacancy Rate | 16.6% | 10.2% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Meigs County has a homeownership rate of 67.5%, higher than the Tennessee average of 60.1%. Its housing vacancy rate is 16.6%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | Meigs County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1993 | 1986 | 1978 |
| Median Number of Rooms | 5.4 | 5.7 | 5.5 |
The typical housing unit in Meigs County was built around 1993. On average, 2.5 people live in a home with about 5.4 rooms, staying for about 16.0 years on average.
Meigs County, TN Housing Compared With Nearby Counties
Meigs County, TN is the smallest of the 5 counties compared here, 13,343 residents against a local median of 55,039. The measure that sets Meigs County, TN apart most is median home price: $450,000, 143% above the local median of $184,872.
The counties themselves spread $210,204 on median home price, so Meigs County, TN sits at one end of an already wide local range rather than apart from it. Meigs County, TN has the highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Meigs County, TN | 13,343 | $450,000 #1/5 | $874 #2/5 | 81.0% #1/5 |
| Rhea County, TN | 33,992 | $276,685 | $839 | 71.5% |
| McMinn County, TN | 54,884 | $146,249 | $803 | 75.8% |
| Bradley County, TN | 110,691 | $223,495 | $1,029 | 67.3% |
| Roane County, TN | 55,193 | $66,481 | $784 | 78.1% |
Frequently Asked Questions
Common questions about the housing market in Meigs County, Tennessee.
What is the median home price in Meigs County, Tennessee?
The median home price in Meigs County, Tennessee is $450,000, higher than the Tennessee average of $255,786.
What is the average home price in Meigs County, Tennessee?
The typical home price in Meigs County, Tennessee, reported as the median sale price, is $450,000. 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 Meigs County, Tennessee?
The median gross rent in Meigs County, Tennessee is $874 per month, lower than the Tennessee average of $1,188.
What was the median gross rent in Meigs County in 2020?
In 2020, the median gross rent in Meigs County, Tennessee was $745 per month.
What is the price-to-rent ratio in Meigs County, Tennessee?
The price-to-rent ratio in Meigs County, Tennessee is about 42.9, meaning it would take roughly 42.9 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 Meigs County.
Are home prices or rent rising faster in Meigs County, Tennessee?
Both home prices and rent are rising in Meigs County, up about 40.0% and 4.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Meigs County, Tennessee?
67.5% of households in Meigs County, Tennessee own their home, higher than the Tennessee average of 60.1%.
What is the vacancy rate in Meigs County, Tennessee?
The housing vacancy rate in Meigs County, Tennessee is 16.6%, higher than the Tennessee average of 10.2%.
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