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Fayette County Housing Market

Tennessee · 95 counties · Ranked #2704 in home value

Above National Avg

Housing at a Glance

Median Home Value

$316,000

vs national+$316,000 vs $281,900 national

Median Gross Rent

$883/mo

vs national$883 vs $1,163 national

Effective Tax Rate

0.35%

vs national0.35% vs 1.02% national

Median Household Income

$84,764

vs national+$84,764 vs $74,755 national

Affordability Ratio

3.7x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

28.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,092

Tax as % of Home Value

0.35%

Monthly Owner Cost

$1,042

Renter Income

$45,517

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Frequently Asked Questions

What is the median home value in Fayette County?

The median home value in Fayette County is $316,000. This is above the national median of $281,900.

How much is rent in Fayette County?

The median gross rent in Fayette County is $883 per month.

What is the property tax rate in Fayette County?

The effective property tax rate in Fayette County is 0.35%. The median annual property tax bill is $1,092.

Is Fayette County affordable?

With a home-value-to-income ratio of 3.7x, Fayette County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.