Obion County, Tennessee Housing Market
In Obion County, Tennessee, the median home value is $133,600, with a median monthly rent of $770. This places Obion County at #2456 nationally out of 3134 counties by median home value, and #90 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: $972
- Establishments: 650
- BLS QCEW, 2025
Housing Supply
- Single-family: 27
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 12,208 (avg $71,550)
- Outflow: 11,585 (avg $72,201)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 4 active ZIP codes in Obion County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 38260 | 246.6 | — | 2025 |
| 2 | 38257 | 234.3 | +13.58% | 2025 |
| 3 | 38237 | 240.8 | +5.69% | 2025 |
| 4 | 38261 | 212.0 | +0.49% | 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 Obion County Compares
| Metric | Obion County | Tennessee Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $133,600 | $223,385 | $227,706 |
| Median Gross Rent | $770 | $892 | $968 |
| Owner Occupancy Rate | 68.1% | 74.1% | 73.3% |
| Price/Rent Ratio | 14.5 | 20.5 | 18.7 |
Market Analysis
The median home value in Obion County is 40.2% below the Tennessee state average and 41.3% below the U.S. national average. The median rent of $770/month is 13.7% below the state average.
With a price-to-rent ratio of 14.5, buying a home in Obion County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Obion County has an owner-occupancy rate of 68.1%, 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 |
|---|---|---|---|
| Dewey County | Oklahoma | $133,600 | $912 |
| Elk County | Pennsylvania | $133,600 | $719 |
| Cass County | Indiana | $133,800 | $783 |
| Mitchell County | Kansas | $133,800 | $604 |
| Clare County | Michigan | $133,800 | $765 |
Other Counties in Tennessee
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Hancock County | $134,500 | $622 | 74.6% |
| 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).