Washington County, Tennessee Housing Market Prices
Washington 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 55% below the Tennessee median Cheaper than 79% of counties in Tennessee$114,705
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Median rent 15% below the Tennessee median More expensive than 78% of counties in Tennessee$1,005
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Washington County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $114,705 | $255,786 | $248,835 |
| Price Trend (Annual %) | 7.0% | 9.9% | 7.5% |
| Median Gross Rent | $1,005 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Washington County is about 55% lower than in Tennessee. Rent is about 15% 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 Washington County, up about 7.0% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Washington County rose about 45.3% between 2015 and 2024, from $692 to $1,005. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Washington County.
Buying the median-priced home in Washington County costs roughly 9.5 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 Washington County. The price-to-rent ratio in Tennessee is about 17.9.
| Metric | Washington County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $114,705 | $255,786 | $248,835 |
| Median Household Income | $62,668 | $69,901 | $80,455 |
| Price-to-Income Ratio | 1.8 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Washington County fell about 0.3%, while median household income rose about 44.9% 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 | Washington County | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.0% | 60.1% | 58.5% |
| Rental Rate | 32.4% | 29.7% | 31.2% |
| Vacancy Rate | 8.6% | 10.2% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Washington County has a homeownership rate of 59.0%, lower than the Tennessee average of 60.1%. Its housing vacancy rate is 8.6%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | Washington County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.32 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1985 | 1986 | 1978 |
| Median Number of Rooms | 5.5 | 5.7 | 5.5 |
The typical housing unit in Washington County was built around 1985. On average, 2.3 people live in a home with about 5.5 rooms, staying for about 15.0 years on average.
Washington County, TN Housing Compared With Nearby Counties
Washington County, TN is the 2nd largest of the 5 counties compared here, 136,261 residents against a local median of 64,166. The measure that sets Washington County, TN apart most is median rent: $1,005, 36% above the local median of $737.
Median home price tells the same story from another angle: $114,705 against a local median of $156,200, 27% below it. The one measure here that carries a verdict is homeownership, and at 15% below the local median it puts Washington County, TN at the weaker end of the local range. The counties themselves spread $190 on median rent, so Washington County, TN sits at one end of an already wide local range rather than apart from it. Washington County, TN has the highest median rent of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Washington County, TN | 136,261 | $114,705 #5/5 | $1,005 #1/5 | 64.5% #5/5 |
| Sullivan County, TN | 160,624 | $215,151 | $888 | 72.1% |
| Greene County, TN | 71,628 | $157,083 | $736 | 77.1% |
| Carter County, TN | 56,703 | $144,997 | $739 | 75.2% |
| Scott County, VA | 21,488 | $155,318 | $698 | 77.0% |
Frequently Asked Questions
Common questions about the housing market in Washington County, Tennessee.
What is the median home price in Washington County, Tennessee?
The median home price in Washington County, Tennessee is $114,705, lower than the Tennessee average of $255,786.
What is the average home price in Washington County, Tennessee?
The typical home price in Washington County, Tennessee, reported as the median sale price, is $114,705. 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 Washington County, Tennessee?
The median gross rent in Washington County, Tennessee is $1,005 per month, lower than the Tennessee average of $1,188.
What was the median gross rent in Washington County in 2020?
In 2020, the median gross rent in Washington County, Tennessee was $776 per month.
What is the price-to-rent ratio in Washington County, Tennessee?
The price-to-rent ratio in Washington County, Tennessee is about 9.5, meaning it would take roughly 9.5 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 Washington County.
Are home prices or rent rising faster in Washington County, Tennessee?
Both home prices and rent are rising in Washington County, up about 7.0% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Washington County, Tennessee?
59.0% of households in Washington County, Tennessee own their home, lower than the Tennessee average of 60.1%.
What is the vacancy rate in Washington County, Tennessee?
The housing vacancy rate in Washington County, Tennessee is 8.6%, lower than the Tennessee average of 10.2%.
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