Wayne County, Tennessee Housing Market
In Wayne County, Tennessee, the median home value is $130,700, with a median monthly rent of $619. This places Wayne County at #2486 nationally out of 3134 counties by median home value, and #91 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: $930
- Establishments: 249
- BLS QCEW, 2025
Migration Patterns
- Inflow: 5,279 (avg $55,030)
- Outflow: 4,940 (avg $54,968)
- IRS Statistics of Income
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| Metric | Wayne County | Tennessee Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $130,700 | $223,385 | $227,706 |
| Median Gross Rent | $619 | $892 | $968 |
| Owner Occupancy Rate | 80.2% | 74.1% | 73.3% |
| Price/Rent Ratio | 17.6 | 20.5 | 18.7 |
Market Analysis
The median home value in Wayne County is 41.5% below the Tennessee state average and 42.6% below the U.S. national average. The median rent of $619/month is 30.6% below the state average.
With a price-to-rent ratio of 17.6, the buy-vs-rent decision in Wayne County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Wayne County has an owner-occupancy rate of 80.2%, 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 |
|---|---|---|---|
| Geneva County | Alabama | $130,700 | $784 |
| Fayette County | Illinois | $130,700 | $798 |
| Fayette County | Indiana | $130,700 | $791 |
| Boyd County | Kentucky | $130,700 | $849 |
| Clark County | Missouri | $130,700 | $612 |
Other Counties in Tennessee
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Obion County | $133,600 | $770 | 68.1% |
| Hancock County | $134,500 | $622 | 74.6% |
| Perry County | $126,900 | $758 | 73.8% |
| Clay County | $136,400 | $557 | 74.4% |
| Scott County | $124,900 | $686 | 71.6% |
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).