Cumberland County, Tennessee Housing Market
In Cumberland County, Tennessee, the median home value is $250,500, with a median monthly rent of $839. This places Cumberland County at #884 nationally out of 3134 counties by median home value, and #24 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: $924
- Establishments: 1,426
- BLS QCEW, 2025
Housing Supply
- Single-family: 102
- Multi-family: 26
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 27,624 (avg $67,931)
- Outflow: 24,458 (avg $65,806)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 6 active ZIP codes in Cumberland County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 37854 | 307.7 | +11.57% | 2025 |
| 2 | 38574 | 389.1 | — | 2024 |
| 3 | 38555 | 289.5 | +7.11% | 2025 |
| 4 | 38571 | 310.3 | +7.90% | 2025 |
| 5 | 38583 | 310.4 | +4.01% | 2025 |
| 6 | 38558 | 208.5 | +18.43% | 2022 |
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 Cumberland County Compares
| Metric | Cumberland County | Tennessee Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $250,500 | $223,385 | $227,706 |
| Median Gross Rent | $839 | $892 | $968 |
| Owner Occupancy Rate | 80.2% | 74.1% | 73.3% |
| Price/Rent Ratio | 24.9 | 20.5 | 18.7 |
Market Analysis
The median home value in Cumberland County is 12.1% above the Tennessee state average and 10.0% above the U.S. national average. The median rent of $839/month is 5.9% below the state average.
With a price-to-rent ratio of 24.9, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Cumberland County has an owner-occupancy rate of 80.2%, 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 |
|---|---|---|---|
| Forsyth County | North Carolina | $250,400 | $1,098 |
| Lampasas County | Texas | $250,400 | $1,059 |
| Green County | Wisconsin | $250,200 | $867 |
| Gooding County | Idaho | $250,900 | $880 |
| Sioux County | Iowa | $250,100 | $908 |
Other Counties in Tennessee
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Shelby County | $249,100 | $1,232 | 54.1% |
| Washington County | $249,000 | $1,005 | 64.5% |
| Cannon County | $252,000 | $908 | 78.4% |
| 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).