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Hancock County Housing Market

Tennessee · 95 counties · Ranked #578 in home value

Below National Avg

Housing at a Glance

Median Home Value

$118,000

vs national$118,000 vs $281,900 national

Median Gross Rent

$592/mo

vs national$592 vs $1,163 national

Effective Tax Rate

0.45%

vs national0.45% vs 1.02% national

Median Household Income

$31,995

vs national$31,995 vs $74,755 national

Affordability Ratio

3.7x

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

Rent Burden

31.0%

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

More Housing Data

Property Tax (Median)

$533

Tax as % of Home Value

0.45%

Monthly Owner Cost

$395

Renter Income

$25,469

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Frequently Asked Questions

What is the median home value in Hancock County?

The median home value in Hancock County is $118,000. This is below the national median of $281,900.

How much is rent in Hancock County?

The median gross rent in Hancock County is $592 per month.

What is the property tax rate in Hancock County?

The effective property tax rate in Hancock County is 0.45%. The median annual property tax bill is $533.

Is Hancock County affordable?

With a home-value-to-income ratio of 3.7x, Hancock 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.