Perry County, Tennessee Housing Market
In Perry County, Tennessee, the median home value is $126,900, with a median monthly rent of $758. This places Perry County at #2526 nationally out of 3134 counties by median home value, and #92 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: $927
- Establishments: 140
- BLS QCEW, 2025
Housing Supply
- Single-family: 12
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,970 (avg $57,094)
- Outflow: 2,684 (avg $57,976)
- IRS Statistics of Income
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| Metric | Perry County | Tennessee Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $126,900 | $223,385 | $227,706 |
| Median Gross Rent | $758 | $892 | $968 |
| Owner Occupancy Rate | 73.8% | 74.1% | 73.3% |
| Price/Rent Ratio | 14.0 | 20.5 | 18.7 |
Market Analysis
The median home value in Perry County is 43.2% below the Tennessee state average and 44.3% below the U.S. national average. The median rent of $758/month is 15.0% below the state average.
With a price-to-rent ratio of 14.0, buying a home in Perry 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.
Perry County has an owner-occupancy rate of 73.8%, 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 |
|---|---|---|---|
| Bureau County | Illinois | $126,900 | $832 |
| Blaine County | Oklahoma | $126,900 | $852 |
| Montgomery County | Mississippi | $126,800 | $734 |
| Hockley County | Texas | $127,000 | $850 |
| Whiteside County | Illinois | $127,100 | $856 |
Other Counties in Tennessee
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Scott County | $124,900 | $686 | 71.6% |
| Wayne County | $130,700 | $619 | 80.2% |
| Hardeman County | $121,700 | $812 | 71.7% |
| Obion County | $133,600 | $770 | 68.1% |
| Hancock County | $134,500 | $622 | 74.6% |
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).