Obion County Area Home Supply Charts

This page looks at a variety of Obion County Tennessee housing market data taken from the most recent 2019 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Obion County depicts it has a housing units of 14,619 which is in the intermediate range of other counties in the greater region.

Figure 2 illustrates the housing density in the Obion County housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Obion County indicates it has a housing density of 26.8 which is in the mid range of other counties in the local area. The county with the highest housing density in the area is Gibson County which shows a density of 37.4 (39.3% larger). Comparing housing density to the United States average of 38.6, Obion County is approximately three-fourths the size. Also, measured against the state of Tennessee, housing density of 70.9, Obion County is approximately a third the size.

In Figure 4, Obion County area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Obion County depicts it has a change in the housing units of -0.3% which is the second smallest when ranked by change in the housing units of all the other counties in the local area. The county with the highest change in the housing units in the area is Gibson County which shows a housing units of 2.4% ( very much bigger). Comparing change in the housing units to the United States average of 4.9%, Obion County is about the same size. Also, in contrast to the state of Tennessee, change in the housing units of 4.2%, Obion County is about the same size.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Obion County shows it has a renter percent of 32.0% which is less than most other counties in the metro area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has an owner percent of 68.0% which is the third most of all other counties in the local area.

Obion County Home Cost Charts

Looking at the housing data provided in Figure 7, the average Obion County home price is illustrated for this community and a useful analysis of affordable housing. Obion County shows it has a median home price of $89,200 which is in the middle range of other counties in the local area. The county with the highest median home price in the area is Dyer County which shows a home price of $99,100 (11.1% larger). Figure 8 provides aggregate comparative data for the Obion County Tennessee metro area in terms of the median housing rental rate, apartment rent, etc. Obion County depicts it has a rental rates of $590 which is in the mid range of other counties in the surrounding region. The county with the highest rental rates in the area is Gibson County which indicates a rental rates of $681 (15.4% larger). Comparing rental rates to the United States average of $1,023, Obion County is approximately half the size. Also, benchmarked against the state of Tennessee, rental rates of $841, Obion County is approximately three-fourths the size.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Obion County has the smallest proportion of home price worth less than $50,000 at 15% of the total. Second, it has one of the largest proportions of home price worth between $50,000 to $100,000 at 42% of the total and is ranked #2. The only larger county being Lake County with 42%. Third, it has the largest proportion of home price worth between $300,000 to $400,000 at 4% of the total and is ranked #1. Also, it has the largest proportion of home price worth between $400,000 to $500,000 at 1% of the total and is ranked #1.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Obion County depicts it has a median ownership cost of $607 which is in the center range of other counties in the greater region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Obion County metro area. it has a cost as a percent of household income of 15% which is the second smallest in order of cost as a percent of household income of all the other counties in the area. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Obion County shows it has a median home value as a percent of median worker earnings of 268% which is the second most median home value as a percent of median worker earnings of all the counties in the greater Obion County region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Obion County depicts it has a median housing cost of $950 which is the third most of all other counties in the metro area. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a median housing cost of $349 which is in the mid point range of other counties in the greater region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Obion County has the percentage of owner cost less than $300 the second smallest in order of owner cost less than $300 of all the other counties in the local area at 18% of the total.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Obion County depicts it has a cost as a percent of household income of 18% which is the second smallest when sorted by cost as a percent of household income of all the other counties in the metro area. The county with the highest cost as a percent of household income in the area is Hickman County which shows a cost as a percent of household income of 24% (30.4% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Obion County shows it has a cost as a percent of household income of 12% which is the third most cost as a percent of household income of all other counties in the greater Obion County region. The county with the highest cost as a percent of household income in the area is Hickman County which depicts a cost as a percent of household income of 13% (8.4% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Obion County has the percentage of rent as a percent of income is less than 10 pct less than most other counties in the metro area at 5% of the total. Second, it has one of the largest proportions of rent as a percent of income is between 10pct to 20pct at 24% of the total and is ranked #2. The only larger county being Lake County with 24%. Third, it has the second smallest as measured by rent as a percent of income is less than 10 pct of all the other counties in the area when ranked by rent as a percent of income is between 40pct to 50pct at 6% of the total. Also, it has less than most other counties in the surrounding region in terms of rent as a percent of income is over 50pct at 16% of the total.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a median real estate taxes paid of $642 which is in the mid range of other counties in the metropolitan area. The county with the highest median real estate taxes paid in the area is Gibson County which shows a taxes paid of $855 (33.2% larger). Comparing median real estate taxes paid to the United States average of $2,375, Obion County is approximately a third the size. Also, compared with the state of Tennessee, median real estate taxes paid of $1,153, Obion County is approximately half the size.

Figure 22 shows the percentage of renters who pay for utilities in Obion County Tennessee. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Obion County has the largest proportion of pay extra for utilities at 95% of the total and is ranked #1. Second, it has the smallest proportion of utilities included in rent at 5% of the total.

Figure 23 shows the rental rate distribution for this area. Obion County Tennessee has one of the largest proportions of rent between 500 and 750 dollars at 44% of the total and is ranked #2. The only larger county being Weakley County with 46%. Second, it has the smallest proportion of rent between 1000 and 1500 dollars at 2% of the total.

Obion County Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Obion County has the largest proportion of 2nd mortgage at 2% of the total and is ranked #1. Second, it has less than most other counties in the greater region in order of no mortgage at 50% of the total.

Obion County Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a family members per housing unit of 2.9 which is in the mid point range of other counties in the metropolitan area. The county with the highest family members per housing unit in the area is Gibson County which depicts a family members per housing unit of 3.1 (6.9% larger). Comparing family members per housing unit to the United States average of 3.3, Obion County is about 13.0% smaller. Also, versus the state of Tennessee, family members per housing unit of 3.2, Obion County is about 8.2% smaller.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has an average number of rooms in a house of 5.6 which is the third most average number of rooms in a house of all other counties in the greater Obion County region. The county with the highest average number of rooms in a house in the area is Gibson County which indicates an average number of rooms in a house of 5.7 ( only slightly larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a year built of 1974 which is less than most other counties in the greater region. The county with the highest year built in the area is Weakley County which depicts a year built of 1977 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has the largest proportion of homes built in 2014 or later at 1% of the total and is ranked #1. Second, it has less than most other counties in the local area when sorted by homes built between 1940 to 1949 at 7% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the percentage of owner housing units in the middle range of other counties in the local area at 8,644 of the total. Second, it has in the middle range of other counties in the surrounding region when ranked by renter housing units at 4,071 of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 2014 or later at $155,800 of the total and is ranked #3. Only #2 Weakley County ($238,500), and #1 Gibson County ($277,100) are larger. Second, it has the largest proportion of value of homes built 2010 to 2013 at $205,000 of the total and is ranked #1. Third, it has one of the largest proportions of value of homes built 2000 to 2009 at $138,200 of the total and is ranked #3. Only #2 Weakley County ($153,400), and #1 Gibson County ($182,200) are larger. Also, it has one of the largest proportions of value of homes built 1990 to 1999 at $104,100 of the total and is ranked #3. Only #2 Gibson County ($104,700), and #1 Dyer County ($142,900) are larger. In addition, it has the largest proportion of value of homes built 1980 to 1989 at $134,100 of the total and is ranked #1. Furthermore, it has in the mid range of other counties in the surrounding region in terms of value of homes built 1970 to 1979 at $85,200 of the total. Next it has one of the largest proportions of value of homes built 1960 to 1969 at $84,900 of the total and is ranked #2. The only larger county being Weakley County with $90,500. Additionally, it has one of the largest proportions of value of homes built 1950 to 1959 at $76,000 of the total and is ranked #2. The only larger county being Dyer County with $78,000. And then, it has in the mid range of other counties in the area in terms of value of homes built 1940 to 1949 at $74,600 of the total. Also, it has less than most other counties in the local area in order of value of homes built 1939 or earlier at $73,200 of the total.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Obion County residents. it has a homeowner household size of 2.4 which is the third most homeowner household size of all other counties in the greater Obion County region. The county with the highest homeowner household size in the area is Gibson County which depicts a homeowner household size of 2.5 (only about 5.9% larger).

Figure 37 shows the household size for renters. Obion County shows it has a renter household size of 2.3 which is the third most renter household sizes of all other counties in the greater Obion County region. The county with the highest renter household size in the area is Dyer County which shows a renter household sizes of 2.5 (8.7% larger). Figure 38 shows the year that people who own homes moved into this region. it has the largest proportion of owners moved in 2017 or later at 3% of the total and is ranked #1. Figure 39 shows the year that people who rent moved into the area. Obion County has one of the largest proportions of renters moved in 2017 or later at 12% of the total and is ranked #2. The only larger county being Gibson County with 13%. Second, it has the second smallest when sorted by renters moved in 2017 or later of all the other counties in the local area when sorted by renters moved in 2015 to 2016 at 16% of the total.

Figure 40 compares the median year that home owners moved into their home. it has a median year that a home owner moved in of 2000 which is the smallest in order of median year that a home owner moved in of all the other counties in the local area. Figure 41 compares the median year that renters moved into their home. Obion County shows it has a median year that a renter moved in of 2012 which is the second smallest in order of median year that a renter moved in of all the other counties in the local area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has the largest proportion of homes using some other fuel at 0% of the total and is ranked #1.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Obion County housing department, Tennessee department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Obion County shows it has a total people living in group quarters of 484 which is less than most other counties in the metro area.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Obion County residents (these may include colleges and jails but also community centers for homelessness or that require a housing choice voucher which are run by certain nonprofits or an affordable housing department.) Obion County has the largest proportion of number of people 18 years of age and older living in group quarters at 100% of the total and is ranked #1.