Cannon County, Tennessee Housing Market
In Cannon County, Tennessee, the median home value is $252,000, with a median monthly rent of $908. This places Cannon County at #876 nationally out of 3134 counties by median home value, and #23 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: $1,002
- Establishments: 260
- BLS QCEW, 2025
Housing Supply
- Single-family: 92
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 5,767 (avg $62,016)
- Outflow: 5,429 (avg $61,895)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 4 active ZIP codes in Cannon County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 37357 | 346.9 | +18.19% | 2025 |
| 2 | 37190 | 334.6 | +11.23% | 2025 |
| 3 | 37110 | 304.3 | +6.11% | 2025 |
| 4 | 37166 | 322.6 | +2.14% | 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 Cannon County Compares
| Metric | Cannon County | Tennessee Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $252,000 | $223,385 | $227,706 |
| Median Gross Rent | $908 | $892 | $968 |
| Owner Occupancy Rate | 78.4% | 74.1% | 73.3% |
| Price/Rent Ratio | 23.1 | 20.5 | 18.7 |
Market Analysis
The median home value in Cannon County is 12.8% above the Tennessee state average and 10.7% above the U.S. national average. The median rent of $908/month is 1.8% above the state average.
With a price-to-rent ratio of 23.1, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Cannon County has an owner-occupancy rate of 78.4%, 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 |
|---|---|---|---|
| Campbell County | Kentucky | $252,000 | $1,145 |
| Macon County | North Carolina | $251,900 | $803 |
| Greene County | Ohio | $252,200 | $1,135 |
| Jefferson Parish | Louisiana | $251,400 | $1,190 |
| Racine County | Wisconsin | $251,400 | $1,080 |
Other Counties in Tennessee
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Cumberland County | $250,500 | $839 | 80.2% |
| Shelby County | $249,100 | $1,232 | 54.1% |
| Washington County | $249,000 | $1,005 | 64.5% |
| Coffee County | $246,800 | $913 | 69.0% |
| Smith County | $243,800 | $922 | 76.9% |
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).