Pickett County, Tennessee Housing Market Prices
Pickett 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 56% below the Tennessee median Cheaper than 80% of counties in Tennessee$112,500
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Median rent 53% below the Tennessee median Among the top 3 cheapest counties in Tennessee$564
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Pickett County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,500 | $255,786 | $248,835 |
| Price Trend (Annual %) | 0.4% | 9.9% | 7.5% |
| Median Gross Rent | $564 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pickett County is about 56% lower than in Tennessee. Rent is about 53% lower than the Tennessee average.
Median Home and Rent Price Trends
Median Home Prices, 2016-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Pickett County, up about 0.4% and 4.0% a year respectively. Rent is changing faster.
Median rent in Pickett County rose about 23.4% between 2015 and 2024, from $457 to $564. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Pickett County.
Buying the median-priced home in Pickett County costs roughly 16.6 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 Pickett County. The price-to-rent ratio in Tennessee is about 17.9.
| Metric | Pickett County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,500 | $255,786 | $248,835 |
| Median Household Income | $49,099 | $69,901 | $80,455 |
| Price-to-Income Ratio | 2.3 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2016 and 2024, the median home price in Pickett County fell about 0.0%, while median household income rose about 81.1% 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 | Pickett County | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.8% | 60.1% | 58.5% |
| Rental Rate | 10.7% | 29.7% | 31.2% |
| Vacancy Rate | 35.5% | 10.2% | 10.2% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Pickett County has a homeownership rate of 53.8%, lower than the Tennessee average of 60.1%. Its housing vacancy rate is 35.5%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | Pickett County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.31 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1985 | 1986 | 1978 |
| Median Number of Rooms | 5.4 | 5.7 | 5.5 |
The typical housing unit in Pickett County was built around 1985. On average, 2.3 people live in a home with about 5.4 rooms, staying for about 18.0 years on average.
Pickett County, TN Housing Compared With Nearby Counties
How Pickett County, TN compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Pickett County, TN | 5,079 | $112,500 #2/2 | $564 #2/2 | 83.4% #1/2 |
| Overton County, TN | 23,065 | $136,818 | $832 | 76.9% |
Frequently Asked Questions
Common questions about the housing market in Pickett County, Tennessee.
What is the median home price in Pickett County, Tennessee?
The median home price in Pickett County, Tennessee is $112,500, lower than the Tennessee average of $255,786.
What is the average home price in Pickett County, Tennessee?
The typical home price in Pickett County, Tennessee, reported as the median sale price, is $112,500. 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 Pickett County, Tennessee?
The median gross rent in Pickett County, Tennessee is $564 per month, lower than the Tennessee average of $1,188.
What was the median gross rent in Pickett County in 2020?
In 2020, the median gross rent in Pickett County, Tennessee was $523 per month.
What is the price-to-rent ratio in Pickett County, Tennessee?
The price-to-rent ratio in Pickett County, Tennessee is about 16.6, meaning it would take roughly 16.6 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 Pickett County.
Are home prices or rent rising faster in Pickett County, Tennessee?
Both home prices and rent are rising in Pickett County, up about 0.4% and 4.0% a year respectively. Rent is changing faster.
What is the homeownership rate in Pickett County, Tennessee?
53.8% of households in Pickett County, Tennessee own their home, lower than the Tennessee average of 60.1%.
What is the vacancy rate in Pickett County, Tennessee?
The housing vacancy rate in Pickett County, Tennessee is 35.5%, higher than the Tennessee average of 10.2%.
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