Polk County, Tennessee Housing Market
In Polk County, Tennessee, the median home value is $169,900, with a median monthly rent of $676. This places Polk County at #1809 nationally out of 3134 counties by median home value, and #65 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: $791
- Establishments: 285
- BLS QCEW, 2025
Housing Supply
- Single-family: 150
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 6,692 (avg $60,826)
- Outflow: 6,027 (avg $58,605)
- IRS Statistics of Income
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| Metric | Polk County | Tennessee Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $169,900 | $223,385 | $227,706 |
| Median Gross Rent | $676 | $892 | $968 |
| Owner Occupancy Rate | 83.6% | 74.1% | 73.3% |
| Price/Rent Ratio | 20.9 | 20.5 | 18.7 |
Market Analysis
The median home value in Polk County is 23.9% below the Tennessee state average and 25.4% below the U.S. national average. The median rent of $676/month is 24.2% below the state average.
With a price-to-rent ratio of 20.9, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Polk County has an owner-occupancy rate of 83.6%, 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 |
|---|---|---|---|
| Garfield County | Montana | $169,900 | $725 |
| Clark County | Ohio | $169,900 | $872 |
| Keweenaw County | Michigan | $169,800 | $688 |
| Wayne County | New York | $170,000 | $938 |
| Slope County | North Dakota | $170,000 | $525 |
Other Counties in Tennessee
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Carter County | $168,200 | $739 | 75.2% |
| Fentress County | $168,200 | $709 | 82.6% |
| Houston County | $172,700 | $735 | 81.0% |
| Overton County | $173,200 | $832 | 76.9% |
| Lewis County | $173,400 | $708 | 81.9% |
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).