Mount Juliet, Tennessee Housing Market Prices
Mount Juliet 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 87% above the Tennessee median$478,872
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Median rent 65% above the Tennessee median$1,955
Housing Market Overview
| Metric | Mount Juliet | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $478,872 | $255,786 | $248,835 |
| Price Trend (Annual %) | 13.5% | 9.9% | 7.5% |
| Median Gross Rent | $1,955 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 8.0% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mount Juliet is about 87% higher than in Tennessee. Rent is about 65% 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 Mount Juliet, up about 13.5% and 8.0% a year respectively. Home prices are changing faster.
Median rent in Mount Juliet rose about 98.4% between 2015 and 2024, from $985 to $1,955. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 4.5 yearly household incomes in Mount Juliet.
Buying the median-priced home in Mount Juliet costs roughly 20.4 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 Mount Juliet. The price-to-rent ratio in Tennessee is about 17.9.
| Metric | Mount Juliet | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $478,872 | $255,786 | $248,835 |
| Median Household Income | $107,316 | $69,901 | $80,455 |
| Price-to-Income Ratio | 4.5 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Mount Juliet rose about 187.4%, while median household income rose about 41.0% 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 | Mount Juliet | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.0% | 60.1% | 58.5% |
| Rental Rate | 26.9% | 29.7% | 31.2% |
| Vacancy Rate | 7.1% | 10.2% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Mount Juliet has a homeownership rate of 66.0%, higher than the Tennessee average of 60.1%. Its housing vacancy rate is 7.1%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | Mount Juliet | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.65 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 2001 | 1986 | 1978 |
| Median Number of Rooms | 6.4 | 5.7 | 5.5 |
The typical housing unit in Mount Juliet was built around 2001. On average, 2.7 people live in a home with about 6.4 rooms, staying for about 12.0 years on average.
Mount Juliet, TN Housing Compared With Nearby Cities
How Mount Juliet, TN compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Mount Juliet, TN | 30,009 | $478,872 #1/3 | $1,955 #1/3 | 71.1% #2/3 |
| Hendersonville, TN | 57,282 | $450,000 | $1,654 | 71.1% |
| Lebanon, TN | 32,627 | $345,146 | $1,213 | 63.1% |
Frequently Asked Questions
Common questions about the housing market in Mount Juliet, Tennessee.
What is the median home price in Mount Juliet, Tennessee?
The median home price in Mount Juliet, Tennessee is $478,872, higher than the Tennessee average of $255,786.
What is the average home price in Mount Juliet, Tennessee?
The typical home price in Mount Juliet, Tennessee, reported as the median sale price, is $478,872. 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 Mount Juliet, Tennessee?
The median gross rent in Mount Juliet, Tennessee is $1,955 per month, higher than the Tennessee average of $1,188.
What was the median gross rent in Mount Juliet in 2020?
In 2020, the median gross rent in Mount Juliet, Tennessee was $1,448 per month.
What is the price-to-rent ratio in Mount Juliet, Tennessee?
The price-to-rent ratio in Mount Juliet, Tennessee is about 20.4, meaning it would take roughly 20.4 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 Mount Juliet.
Are home prices or rent rising faster in Mount Juliet, Tennessee?
Both home prices and rent are rising in Mount Juliet, up about 13.5% and 8.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Mount Juliet, Tennessee?
66.0% of households in Mount Juliet, Tennessee own their home, higher than the Tennessee average of 60.1%.
What is the vacancy rate in Mount Juliet, Tennessee?
The housing vacancy rate in Mount Juliet, Tennessee is 7.1%, lower than the Tennessee average of 10.2%.
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