Sullivan County, Tennessee Housing Market
In Sullivan County, Tennessee, the median home value is $213,300, with a median monthly rent of $889. This places Sullivan County at #1263 nationally out of 3134 counties by median home value, and #41 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: $1,331
- Establishments: 3,870
- BLS QCEW, 2025
Housing Supply
- Single-family: 522
- Multi-family: 249
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 66,061 (avg $72,771)
- Outflow: 61,638 (avg $72,737)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 7 active ZIP codes in Sullivan County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 37617 | 285.9 | +7.53% | 2025 |
| 2 | 37686 | 254.3 | -2.11% | 2025 |
| 3 | 37663 | 283.9 | +0.35% | 2025 |
| 4 | 37659 | 291.7 | +2.96% | 2025 |
| 5 | 37620 | 299.7 | -0.08% | 2025 |
| 6 | 37664 | 283.0 | -1.06% | 2025 |
| 7 | 37618 | 273.2 | +1.02% | 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 Sullivan County Compares
| Metric | Sullivan County | Tennessee Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $213,300 | $223,385 | $227,706 |
| Median Gross Rent | $889 | $892 | $968 |
| Owner Occupancy Rate | 72.1% | 74.1% | 73.3% |
| Price/Rent Ratio | 20.0 | 20.5 | 18.7 |
Market Analysis
The median home value in Sullivan County is 4.5% below the Tennessee state average and 6.3% below the U.S. national average. The median rent of $889/month is about equal to the state average.
With a price-to-rent ratio of 20.0, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Sullivan County has an owner-occupancy rate of 72.1%, 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 |
|---|---|---|---|
| Buffalo County | Wisconsin | $213,300 | $876 |
| Ohio County | Indiana | $213,100 | $898 |
| Power County | Idaho | $212,900 | $767 |
| Tangipahoa Parish | Louisiana | $212,900 | $1,003 |
| Monroe County | New York | $213,700 | $1,173 |
Other Counties in Tennessee
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Madison County | $211,800 | $1,123 | 62.0% |
| McMinn County | $211,800 | $803 | 75.8% |
| Hamblen County | $210,900 | $857 | 69.8% |
| Greene County | $207,500 | $737 | 77.1% |
| White County | $207,200 | $849 | 76.9% |
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).