Hancock County, Tennessee Housing Market
In Hancock County, Tennessee, the median home value is $134,500, with a median monthly rent of $622. This places Hancock County at #2442 nationally out of 3134 counties by median home value, and #89 within Tennessee.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $747
- Establishments: 87
- BLS QCEW, 2025
Housing Supply
- Single-family: 2
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,248 (avg $44,181)
- Outflow: 2,032 (avg $42,760)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Hancock County Compares
| Metric | Hancock County | Tennessee Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $134,500 | $223,385 | $227,706 |
| Median Gross Rent | $622 | $892 | $968 |
| Owner Occupancy Rate | 74.6% | 74.1% | 73.3% |
| Price/Rent Ratio | 18.0 | 20.5 | 18.7 |
Market Analysis
The median home value in Hancock County is 39.8% below the Tennessee state average and 40.9% below the U.S. national average. The median rent of $622/month is 30.3% below the state average.
With a price-to-rent ratio of 18.0, the buy-vs-rent decision in Hancock County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Hancock County has an owner-occupancy rate of 74.6%, 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 |
|---|---|---|---|
| Dougherty County | Georgia | $134,400 | $935 |
| Logan County | Illinois | $134,400 | $829 |
| Ochiltree County | Texas | $134,400 | $891 |
| Fleming County | Kentucky | $134,700 | $715 |
| Kittson County | Minnesota | $134,800 | $757 |
Other Counties in Tennessee
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Obion County | $133,600 | $770 | 68.1% |
| Clay County | $136,400 | $557 | 74.4% |
| Wayne County | $130,700 | $619 | 80.2% |
| Decatur County | $139,600 | $757 | 74.3% |
| Perry County | $126,900 | $758 | 73.8% |
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).