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 | Williamson County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $692,507 | $235,307 | $242,182 |
| Price Trend (Annual %) | 8.2% | 10.0% | 8.2% |
| Median Gross Rent | $1,895 | $1,121 | $1,342 |
| Rent Trend (Annual %) | 5.9% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Williamson County is about 194% higher than in Tennessee. Rent is about 69% higher than the Tennessee average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Williamson County, up about 8.2% and 5.9% a year respectively. Home prices are changing faster.
Median rent in Williamson County rose about 60.6% between 2015 and 2023, from $1,180 to $1,895. Over the same span, rent in Tennessee rose about 46.9%.
Affordability
On average, housing unit costs 5.3 yearly household incomes in Williamson County.
Buying the median-priced home in Williamson County costs roughly 30.5 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 Williamson County. The price-to-rent ratio in Tennessee is about 17.5.
| Metric | Williamson County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $692,507 | $235,307 | $242,182 |
| Median Household Income | $131,296 | $67,486 | $78,145 |
| Price-to-Income Ratio | 5.3 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Williamson County rose about 55.5%, while median household income rose about 48.1% between 2009 and 2023 — 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 | Williamson County | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 76.6% | 60.0% | 58.2% |
| Rental Rate | 19.4% | 29.5% | 31.3% |
| Vacancy Rate | 3.9% | 10.6% | 10.6% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Williamson County has a homeownership rate of 76.6%, higher than the Tennessee average of 60.0%. Its housing vacancy rate is 3.9%, compared with 10.6% in Tennessee.
Housing Stock
| Metric | Williamson County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.80 people | 2.47 people | 2.54 people |
| Median Structure Built Year | 1998 | 1985 | 1978 |
| Median Number of Rooms | 7.6 | 5.7 | 5.5 |
The typical housing unit in Williamson County was built around 1998. On average, 2.8 people live in a home with about 7.6 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Williamson County, Tennessee.
What is the median home price in Williamson County, Tennessee?
The median home price in Williamson County, Tennessee is $692,507, higher than the Tennessee average of $235,307.
What is the average home price in Williamson 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 Williamson County, Tennessee?
The median gross rent in Williamson County, Tennessee is $1,895 per month, higher than the Tennessee average of $1,121.
What was the median gross rent in Williamson County in 2020?
In 2020, the median gross rent in Williamson County, Tennessee was $1,596 per month.
What is the price-to-rent ratio in Williamson County, Tennessee?
The price-to-rent ratio in Williamson County, Tennessee is about 30.5, meaning it would take roughly 30.5 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 Williamson County.
Are home prices or rent rising faster in Williamson County, Tennessee?
Both home prices and rent are rising in Williamson County, up about 8.2% and 5.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Williamson County, Tennessee?
76.6% of households in Williamson County, Tennessee own their home, higher than the Tennessee average of 60.0%.
What is the vacancy rate in Williamson County, Tennessee?
The housing vacancy rate in Williamson County, Tennessee is 3.9%, lower than the Tennessee average of 10.6%.