Lewis County, Tennessee Housing Market
In Lewis County, Tennessee, the median home value is $173,400, with a median monthly rent of $708. This places Lewis County at #1729 nationally out of 3134 counties by median home value, and #62 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: $1,057
- Establishments: 250
- BLS QCEW, 2025
Housing Supply
- Single-family: 21
- Multi-family: 3
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,785 (avg $60,759)
- Outflow: 4,353 (avg $60,842)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Lewis County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 38485 | 277.5 | -11.06% | 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 Lewis County Compares
| Metric | Lewis County | Tennessee Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $173,400 | $223,385 | $227,706 |
| Median Gross Rent | $708 | $892 | $968 |
| Owner Occupancy Rate | 81.9% | 74.1% | 73.3% |
| Price/Rent Ratio | 20.4 | 20.5 | 18.7 |
Market Analysis
The median home value in Lewis County is 22.4% below the Tennessee state average and 23.8% below the U.S. national average. The median rent of $708/month is 20.6% below the state average.
With a price-to-rent ratio of 20.4, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Lewis County has an owner-occupancy rate of 81.9%, 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 |
|---|---|---|---|
| Orange County | Texas | $173,400 | $1,100 |
| Buckingham County | Virginia | $173,400 | $927 |
| Union County | Indiana | $173,500 | $760 |
| Newberry County | South Carolina | $173,300 | $872 |
| Linn County | Kansas | $173,600 | $691 |
Other Counties in Tennessee
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Overton County | $173,200 | $832 | 76.9% |
| Houston County | $172,700 | $735 | 81.0% |
| Hawkins County | $176,300 | $785 | 80.1% |
| Polk County | $169,900 | $676 | 83.6% |
| Pickett County | $178,500 | $564 | 83.4% |
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).