Benton County, Tennessee Housing Market
In Benton County, Tennessee, the median home value is $153,600, with a median monthly rent of $768. This places Benton County at #2172 nationally out of 3134 counties by median home value, and #82 within Tennessee.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $912
- Establishments: 315
- BLS QCEW, 2025
Housing Supply
- Single-family: 3
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 6,322 (avg $55,548)
- Outflow: 5,750 (avg $54,727)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Benton County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 38320 | 253.5 | +7.93% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Benton County Compares
| Metric | Benton County | Tennessee Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $153,600 | $223,385 | $227,706 |
| Median Gross Rent | $768 | $892 | $968 |
| Owner Occupancy Rate | 75.1% | 74.1% | 73.3% |
| Price/Rent Ratio | 16.7 | 20.5 | 18.7 |
Market Analysis
The median home value in Benton County is 31.2% below the Tennessee state average and 32.5% below the U.S. national average. The median rent of $768/month is 13.9% below the state average.
With a price-to-rent ratio of 16.7, the buy-vs-rent decision in Benton County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Benton County has an owner-occupancy rate of 75.1%, compared to 74.1% in Tennessee and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Hardee County | Florida | $153,600 | $962 |
| Crawford County | Iowa | $153,700 | $743 |
| Wichita County | Texas | $153,700 | $1,006 |
| Webster County | Iowa | $153,800 | $785 |
| Yazoo County | Mississippi | $153,800 | $790 |
Other Counties in Tennessee
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Grundy County | $154,000 | $636 | 83.7% |
| Haywood County | $152,400 | $762 | 60.7% |
| Jackson County | $155,500 | $758 | 81.1% |
| Weakley County | $151,200 | $803 | 66.3% |
| Gibson County | $156,900 | $819 | 68.8% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).