Carter County, Tennessee Housing Market
In Carter County, Tennessee, the median home value is $168,200, with a median monthly rent of $739. This places Carter County at #1843 nationally out of 3134 counties by median home value, and #66 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: $1,023
- Establishments: 776
- BLS QCEW, 2025
Housing Supply
- Single-family: 178
- Multi-family: 12
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 21,459 (avg $57,708)
- Outflow: 19,872 (avg $55,767)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Carter County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 37643 | 320.2 | +4.34% | 2025 |
| 2 | 37604 | 301.7 | +5.34% | 2025 |
| 3 | 37601 | 276.1 | +4.32% | 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 Carter County Compares
| Metric | Carter County | Tennessee Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $168,200 | $223,385 | $227,706 |
| Median Gross Rent | $739 | $892 | $968 |
| Owner Occupancy Rate | 75.2% | 74.1% | 73.3% |
| Price/Rent Ratio | 19.0 | 20.5 | 18.7 |
Market Analysis
The median home value in Carter County is 24.7% below the Tennessee state average and 26.1% below the U.S. national average. The median rent of $739/month is 17.2% below the state average.
With a price-to-rent ratio of 19.0, the buy-vs-rent decision in Carter County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Carter County has an owner-occupancy rate of 75.2%, 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 |
|---|---|---|---|
| Douglas County | Missouri | $168,200 | $700 |
| Ralls County | Missouri | $168,200 | $749 |
| Fentress County | Tennessee | $168,200 | $709 |
| Bethel Census Area | Alaska | $168,100 | $1,474 |
| Marion County | Kentucky | $168,100 | $726 |
Other Counties in Tennessee
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Fentress County | $168,200 | $709 | 82.6% |
| Polk County | $169,900 | $676 | 83.6% |
| Dyer County | $166,400 | $782 | 61.9% |
| Morgan County | $166,300 | $770 | 84.9% |
| Henderson County | $164,800 | $745 | 73.2% |
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).