Chester County, Tennessee Housing Market
In Chester County, Tennessee, the median home value is $164,400, with a median monthly rent of $756. This places Chester County at #1920 nationally out of 3134 counties by median home value, and #71 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: $951
- Establishments: 270
- BLS QCEW, 2025
Housing Supply
- Single-family: 12
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 6,227 (avg $60,963)
- Outflow: 5,833 (avg $60,997)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Chester County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 38356 | 156.0 | -25.60% | 2024 |
| 2 | 38340 | 259.4 | +8.46% | 2025 |
| 3 | 38313 | 232.6 | +9.36% | 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 Chester County Compares
| Metric | Chester County | Tennessee Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $164,400 | $223,385 | $227,706 |
| Median Gross Rent | $756 | $892 | $968 |
| Owner Occupancy Rate | 75.4% | 74.1% | 73.3% |
| Price/Rent Ratio | 18.1 | 20.5 | 18.7 |
Market Analysis
The median home value in Chester County is 26.4% below the Tennessee state average and 27.8% below the U.S. national average. The median rent of $756/month is 15.2% below the state average.
With a price-to-rent ratio of 18.1, the buy-vs-rent decision in Chester County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Chester County has an owner-occupancy rate of 75.4%, 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 |
|---|---|---|---|
| Lincoln County | Minnesota | $164,400 | $674 |
| Cabell County | West Virginia | $164,400 | $923 |
| Winnebago County | Illinois | $164,500 | $1,021 |
| Henry County | Iowa | $164,300 | $820 |
| Iberia Parish | Louisiana | $164,500 | $897 |
Other Counties in Tennessee
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Henderson County | $164,800 | $745 | 73.2% |
| Morgan County | $166,300 | $770 | 84.9% |
| Dyer County | $166,400 | $782 | 61.9% |
| McNairy County | $161,800 | $723 | 79.7% |
| Carter County | $168,200 | $739 | 75.2% |
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).