Sullivan County, Tennessee Housing Market Prices
Sullivan 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 16% below the Tennessee median$215,151
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Median rent 25% below the Tennessee median$888
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Sullivan County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $215,151 | $255,786 | $248,835 |
| Price Trend (Annual %) | 7.6% | 9.9% | 7.5% |
| Median Gross Rent | $888 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 4.8% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sullivan County is about 16% lower than in Tennessee. Rent is about 25% 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 Sullivan County, up about 7.6% and 4.8% a year respectively. Home prices are changing faster.
Median rent in Sullivan County rose about 47.6% between 2015 and 2024, from $602 to $888. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Sullivan County.
Buying the median-priced home in Sullivan County costs roughly 20.2 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 Sullivan County. The price-to-rent ratio in Tennessee is about 17.9.
| Metric | Sullivan County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $215,151 | $255,786 | $248,835 |
| Median Household Income | $59,119 | $69,901 | $80,455 |
| Price-to-Income Ratio | 3.6 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Sullivan County rose about 71.1%, while median household income rose about 44.4% 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 | Sullivan County | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.1% | 60.1% | 58.5% |
| Rental Rate | 25.2% | 29.7% | 31.2% |
| Vacancy Rate | 9.7% | 10.2% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Sullivan County has a homeownership rate of 65.1%, higher than the Tennessee average of 60.1%. Its housing vacancy rate is 9.7%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | Sullivan County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.29 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1977 | 1986 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in Sullivan County was built around 1977. On average, 2.3 people live in a home with about 5.8 rooms, staying for about 16.0 years on average.
Sullivan County, TN Housing Compared With Nearby Counties
Sullivan County, TN is the largest of the 5 counties compared here, 160,624 residents against a local median of 55,302. The measure that sets Sullivan County, TN apart most is median home price: $215,151, 43% above the local median of $150,157.
The counties themselves spread $60,160 on median home price, so Sullivan County, TN sits at one end of an already wide local range rather than apart from it. Sullivan County, TN has the highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Sullivan County, TN | 160,624 | $215,151 #1/5 | $888 #2/5 | 72.1% #4/5 |
| Carter County, TN | 56,703 | $144,997 | $739 | 75.2% |
| Washington County, TN | 136,261 | $114,705 | $1,005 | 64.5% |
| Scott County, VA | 21,488 | $155,318 | $698 | 77.0% |
| Washington County, VA | 53,901 | $174,865 | $853 | 75.8% |
Frequently Asked Questions
Common questions about the housing market in Sullivan County, Tennessee.
What is the median home price in Sullivan County, Tennessee?
The median home price in Sullivan County, Tennessee is $215,151, lower than the Tennessee average of $255,786.
What is the average home price in Sullivan County, Tennessee?
The typical home price in Sullivan County, Tennessee, reported as the median sale price, is $215,151. 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 Sullivan County, Tennessee?
The median gross rent in Sullivan County, Tennessee is $888 per month, lower than the Tennessee average of $1,188.
What was the median gross rent in Sullivan County in 2020?
In 2020, the median gross rent in Sullivan County, Tennessee was $678 per month.
What is the price-to-rent ratio in Sullivan County, Tennessee?
The price-to-rent ratio in Sullivan County, Tennessee is about 20.2, meaning it would take roughly 20.2 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 Sullivan County.
Are home prices or rent rising faster in Sullivan County, Tennessee?
Both home prices and rent are rising in Sullivan County, up about 7.6% and 4.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sullivan County, Tennessee?
65.1% of households in Sullivan County, Tennessee own their home, higher than the Tennessee average of 60.1%.
What is the vacancy rate in Sullivan County, Tennessee?
The housing vacancy rate in Sullivan County, Tennessee is 9.7%, lower than the Tennessee average of 10.2%.
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