Housing Market Overview
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 Map: Nearby Counties
Housing Market Overview
| Metric | Sequatchie County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $18,481 | $235,307 | $242,182 |
| Price Trend (Annual %) | -21.0% | 10.0% | 8.2% |
| Median Gross Rent | $841 | $1,121 | $1,342 |
| Rent Trend (Annual %) | 3.7% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sequatchie County is about 92% lower than in Tennessee. Rent is about 25% lower than the Tennessee average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Sequatchie County: home prices fell about 21.0% a year while rent rose about 3.7% a year. That is an unusual pattern worth watching.
Median rent in Sequatchie County rose about 38.3% between 2015 and 2023, from $608 to $841. Over the same span, rent in Tennessee rose about 46.9%.
Affordability
On average, housing unit costs 0.3 yearly household incomes in Sequatchie County.
Buying the median-priced home in Sequatchie County costs roughly 1.8 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 Sequatchie County. The price-to-rent ratio in Tennessee is about 17.5.
| Metric | Sequatchie County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $18,481 | $235,307 | $242,182 |
| Median Household Income | $53,298 | $67,486 | $78,145 |
| Price-to-Income Ratio | 0.3 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Sequatchie County fell about 87.1%, while median household income rose about 44.4% between 2009 and 2023 — 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 | Sequatchie County | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.8% | 60.0% | 58.2% |
| Rental Rate | 22.3% | 29.5% | 31.3% |
| Vacancy Rate | 11.9% | 10.6% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Sequatchie County has a homeownership rate of 65.8%, higher than the Tennessee average of 60.0%. Its housing vacancy rate is 11.9%, compared with 10.6% in Tennessee.
Housing Stock
| Metric | Sequatchie County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.47 people | 2.54 people |
| Median Structure Built Year | 1989 | 1985 | 1978 |
| Median Number of Rooms | 5.5 | 5.7 | 5.5 |
The typical housing unit in Sequatchie County was built around 1989. On average, 2.6 people live in a home with about 5.5 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Sequatchie County, Tennessee.
What is the median home price in Sequatchie County, Tennessee?
The median home price in Sequatchie County, Tennessee is $18,481, lower than the Tennessee average of $235,307.
What is the average home price in Sequatchie County, Tennessee?
The typical home price in %s, reported as the median sale price, is %s. 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 Sequatchie County, Tennessee?
The median gross rent in Sequatchie County, Tennessee is $841 per month, lower than the Tennessee average of $1,121.
What was the median gross rent in Sequatchie County in 2020?
In 2020, the median gross rent in Sequatchie County, Tennessee was $737 per month.
What is the price-to-rent ratio in Sequatchie County, Tennessee?
The price-to-rent ratio in Sequatchie County, Tennessee is about 1.8, meaning it would take roughly 1.8 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 Sequatchie County.
Are home prices or rent rising faster in Sequatchie County, Tennessee?
Home prices and rent are moving in opposite directions in Sequatchie County: home prices fell about 21.0% a year while rent rose about 3.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Sequatchie County, Tennessee?
65.8% of households in Sequatchie County, Tennessee own their home, higher than the Tennessee average of 60.0%.
What is the vacancy rate in Sequatchie County, Tennessee?
The housing vacancy rate in Sequatchie County, Tennessee is 11.9%, higher than the Tennessee average of 10.6%.