Monroe County, Tennessee Housing Market
In Monroe County, Tennessee, the median home value is $227,500, with a median monthly rent of $714. This places Monroe County at #1106 nationally out of 3134 counties by median home value, and #38 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: $1,008
- Establishments: 850
- BLS QCEW, 2025
Housing Supply
- Single-family: 165
- Multi-family: 10
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 18,576 (avg $66,024)
- Outflow: 16,730 (avg $63,358)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Monroe County Compares
| Metric | Monroe County | Tennessee Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $227,500 | $223,385 | $227,706 |
| Median Gross Rent | $714 | $892 | $968 |
| Owner Occupancy Rate | 72.2% | 74.1% | 73.3% |
| Price/Rent Ratio | 26.6 | 20.5 | 18.7 |
Market Analysis
The median home value in Monroe County is 1.8% above the Tennessee state average and about equal to the U.S. national average. The median rent of $714/month is 20.0% below the state average.
With a price-to-rent ratio of 26.6, Monroe County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Monroe County has an owner-occupancy rate of 72.2%, compared to 74.1% in Tennessee and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Haralson County | Georgia | $227,500 | $923 |
| Hot Springs County | Wyoming | $227,500 | $887 |
| Franklin County | Missouri | $227,600 | $893 |
| Wood County | Ohio | $227,600 | $972 |
| Allegheny County | Pennsylvania | $227,600 | $1,153 |
Other Counties in Tennessee
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Macon County | $225,700 | $846 | 73.6% |
| Jefferson County | $229,300 | $904 | 75.8% |
| Lincoln County | $229,700 | $857 | 75.8% |
| Hickman County | $224,100 | $893 | 79.2% |
| Sequatchie County | $232,600 | $818 | 78.0% |
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).