Roane County, Tennessee Housing Market Prices
Roane 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 74% below the Tennessee median Cheaper than 89% of counties in Tennessee$66,481
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Median rent 34% below the Tennessee median$784
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Roane County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $66,481 | $255,786 | $248,835 |
| Price Trend (Annual %) | -9.3% | 9.9% | 7.5% |
| Median Gross Rent | $784 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 2.0% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Roane County is about 74% lower than in Tennessee. Rent is about 34% lower than the Tennessee average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Roane County: home prices fell about 9.3% a year while rent rose about 2.0% a year. That is an unusual pattern worth watching.
Median rent in Roane County rose about 15.0% between 2015 and 2024, from $681 to $784. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 0.9 yearly household incomes in Roane County.
Buying the median-priced home in Roane County costs roughly 7.1 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Roane County. The price-to-rent ratio in Tennessee is about 17.9.
| Metric | Roane County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $66,481 | $255,786 | $248,835 |
| Median Household Income | $71,461 | $69,901 | $80,455 |
| Price-to-Income Ratio | 0.9 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Roane County fell about 57.8%, 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 | Roane County | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.3% | 60.1% | 58.5% |
| Rental Rate | 19.4% | 29.7% | 31.2% |
| Vacancy Rate | 11.3% | 10.2% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Roane County has a homeownership rate of 69.3%, higher than the Tennessee average of 60.1%. Its housing vacancy rate is 11.3%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | Roane County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1982 | 1986 | 1978 |
| Median Number of Rooms | 6.1 | 5.7 | 5.5 |
The typical housing unit in Roane County was built around 1982. On average, 2.4 people live in a home with about 6.1 rooms, staying for about 16.0 years on average.
Roane County, TN Housing Compared With Nearby Counties
Roane County, TN is typical in size for this group, 55,193 residents against a local median of 56,732, so the measures below are close to a like for like comparison. Where Roane County, TN breaks from the counties next to it is median home price, sitting 54% below the local median of $144,676 at $66,481.
The counties themselves spread $107,449 on median home price, so Roane County, TN sits at one end of an already wide local range rather than apart from it. Roane County, TN has the 5th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Roane County, TN | 55,193 | $66,481 #5/5 | $784 #4/5 | 78.1% #3/5 |
| Loudon County, TN | 58,580 | $143,103 | $1,062 | 80.3% |
| Morgan County, TN | 21,361 | $102,917 | $769 | 84.9% |
| Anderson County, TN | 79,153 | $210,366 | $1,031 | 71.7% |
| McMinn County, TN | 54,884 | $146,249 | $803 | 75.8% |
Frequently Asked Questions
Common questions about the housing market in Roane County, Tennessee.
What is the median home price in Roane County, Tennessee?
The median home price in Roane County, Tennessee is $66,481, lower than the Tennessee average of $255,786.
What is the average home price in Roane County, Tennessee?
The typical home price in Roane County, Tennessee, reported as the median sale price, is $66,481. 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 Roane County, Tennessee?
The median gross rent in Roane County, Tennessee is $784 per month, lower than the Tennessee average of $1,188.
What was the median gross rent in Roane County in 2020?
In 2020, the median gross rent in Roane County, Tennessee was $665 per month.
What is the price-to-rent ratio in Roane County, Tennessee?
The price-to-rent ratio in Roane County, Tennessee is about 7.1, meaning it would take roughly 7.1 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Roane County.
Are home prices or rent rising faster in Roane County, Tennessee?
Home prices and rent are moving in opposite directions in Roane County: home prices fell about 9.3% a year while rent rose about 2.0% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Roane County, Tennessee?
69.3% of households in Roane County, Tennessee own their home, higher than the Tennessee average of 60.1%.
What is the vacancy rate in Roane County, Tennessee?
The housing vacancy rate in Roane County, Tennessee is 11.3%, higher than the Tennessee average of 10.2%.
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