Washington County, Tennessee Housing Market
In Washington County, Tennessee, the median home value is $249,000, with a median monthly rent of $1,005. This places Washington County at #898 nationally out of 3134 counties by median home value, and #26 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: $1,047
- Establishments: 3,526
- BLS QCEW, 2025
Housing Supply
- Single-family: 662
- Multi-family: 35
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 54,769 (avg $81,039)
- Outflow: 49,856 (avg $79,062)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Washington County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 37615 | 275.6 | +2.38% | 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 Washington County Compares
| Metric | Washington County | Tennessee Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $249,000 | $223,385 | $227,706 |
| Median Gross Rent | $1,005 | $892 | $968 |
| Owner Occupancy Rate | 64.5% | 74.1% | 73.3% |
| Price/Rent Ratio | 20.6 | 20.5 | 18.7 |
Market Analysis
The median home value in Washington County is 11.5% above the Tennessee state average and 9.4% above the U.S. national average. The median rent of $1,005/month is 12.7% above the state average.
With a price-to-rent ratio of 20.6, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Washington County has an owner-occupancy rate of 64.5%, 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 |
|---|---|---|---|
| Meeker County | Minnesota | $249,000 | $904 |
| Stone County | Missouri | $249,000 | $896 |
| Sullivan County | New York | $249,000 | $1,106 |
| Malheur County | Oregon | $248,900 | $821 |
| Shelby County | Tennessee | $249,100 | $1,232 |
Other Counties in Tennessee
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Shelby County | $249,100 | $1,232 | 54.1% |
| Cumberland County | $250,500 | $839 | 80.2% |
| Coffee County | $246,800 | $913 | 69.0% |
| Cannon County | $252,000 | $908 | 78.4% |
| Smith County | $243,800 | $922 | 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).