Lawrence County, Tennessee Housing Market
In Lawrence County, Tennessee, the median home value is $194,400, with a median monthly rent of $763. This places Lawrence County at #1462 nationally out of 3134 counties by median home value, and #51 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: $890
- Establishments: 850
- BLS QCEW, 2025
Housing Supply
- Single-family: 20
- Multi-family: 12
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 16,359 (avg $59,045)
- Outflow: 15,240 (avg $58,770)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Lawrence County Compares
| Metric | Lawrence County | Tennessee Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $194,400 | $223,385 | $227,706 |
| Median Gross Rent | $763 | $892 | $968 |
| Owner Occupancy Rate | 77.6% | 74.1% | 73.3% |
| Price/Rent Ratio | 21.2 | 20.5 | 18.7 |
Market Analysis
The median home value in Lawrence County is 13.0% below the Tennessee state average and 14.6% below the U.S. national average. The median rent of $763/month is 14.5% below the state average.
With a price-to-rent ratio of 21.2, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Lawrence County has an owner-occupancy rate of 77.6%, 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 |
|---|---|---|---|
| Ouachita Parish | Louisiana | $194,400 | $959 |
| Morgan County | Missouri | $194,400 | $721 |
| Garland County | Arkansas | $194,300 | $966 |
| Jones County | Georgia | $194,500 | $964 |
| Lafayette County | Wisconsin | $194,500 | $830 |
Other Counties in Tennessee
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Marion County | $195,200 | $853 | 78.5% |
| Humphreys County | $193,400 | $862 | 78.3% |
| Warren County | $192,900 | $827 | 72.4% |
| Unicoi County | $189,600 | $750 | 72.9% |
| Bledsoe County | $189,400 | $830 | 82.5% |
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).