Obion County Area Home Supply Charts

This page looks at a variety of Obion County Tennessee housing market data taken from the most recent 2020 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 14,618 which is in the center range of other counties in the area.

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 depicts it has a Housing Density of 26.8 which is in the mid range of other counties in the area. The county with the highest housing density in the area is Gibson County which shows a density of 37.5 (39.7% larger). Comparing housing density to the United States average of 38.9, Obion County is approximately three-fourths the size. Also, measured against the state of Tennessee, housing density of 71.7, 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 Housing Unit Change of -0.3% which is the second smallest as measured by change in the housing units of all the other counties in the greater region. The county with the highest change in the housing units in the area is Gibson County which depicts a housing units of 2.7% ( substantially bigger). Comparing change in the housing units to the United States average of 5.7%, Obion County is about the same size. Also, benchmarked against the state of Tennessee, change in the housing units of 5.4%, 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 depicts it has a Renter Percent of 35.1% which is in the middle range of other counties in the greater region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 64.9% which is in the middle range of other counties in the surrounding region.

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 Value of $91,500 which is in the mid range of other counties in the local area. The county with the highest median home price in the area is Dyer County which depicts a home price of $103,800 (13.4% 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 Median Gross Rent of $621 which is in the center range of other counties in the local area. The county with the highest rental rates in the area is Dyer County which shows a rental rates of $680 (9.5% larger). Comparing rental rates to the United States average of $1,062, Obion County is approximately half the size. Also, measured against the state of Tennessee, rental rates of $869, 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 largest proportion of home price worth less than $50,000 at 40% 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 Owner Cost of $610 which is the third most median ownership cost of all other counties in the greater Obion County 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 Owner Cost as % of HH Income of 15% which is the third most cost as a percent of household income of all other counties in the greater Obion County region. 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 depicts it has a Median Home Value as Percent of Median Earnings of 276% 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 Owner Costs-With Mortgage of $929 which is the third most median housing cost of all other counties in the greater Obion County region. 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 Owner Costs-Without Mortgage of $350 which is the second smallest in order of median housing cost of all the 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 when sorted by owner cost less than $300 of all the other counties in the local area at 27% of the total. Second, it has the largest proportion of owner cost between $500 and $700 at 21% of the total and is ranked #1.

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 shows it has a % of Income Owner Costs-With Mortgage of 18% which is the second smallest as measured by cost as a percent of household income of all the other counties in the metropolitan area. The county with the highest cost as a percent of household income in the area is Fulton County which shows a cost as a percent of household income of 23% (25.4% 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 depicts it has a % of Income Owner Costs-No Mortgage of 11% 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 Fulton County which shows a cost as a percent of household income of 12% (only about 5.3% 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 one of the largest proportions of rent as a percent of income is less than 10 pct at 21% of the total and is ranked #3. Only #2 Lake County (22%), and #1 Weakley County (23%) are larger.

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 $658 which is less than most other counties in the metro area. The county with the highest median real estate taxes paid in the area is Gibson County which depicts a taxes paid of $861 (30.9% larger). Comparing median real estate taxes paid to the United States average of $2,471, Obion County is approximately a quarter the size. Also, compared with the state of Tennessee, median real estate taxes paid of $1,190, 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 smallest proportion of pay extra for utilities at 4% 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 with mortgage at 5% of the total and is ranked #1. Second, it has the largest proportion of 2nd mortgage or heloc-not both at 1% of the total and is ranked #1. Third, it has the largest proportion of 2nd mortgage at 3% of the total and is ranked #1. Also, it has less than most other counties in the local area as measured by no 2nd mortgage and no heloc at 50% of the total.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Obion County has the percentage of houses with mortgages less than most other counties in the local area 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 size of 3.0 which is in the middle range of other counties in the surrounding region. The county with the highest family members per housing unit in the area is Fulton County which depicts a family members per housing unit of 3.2 (8.2% larger). Comparing family members per housing unit to the United States average of 3.3, Obion County is about 11.7% smaller. Also, in contrast to the state of Tennessee, family members per housing unit of 3.2, Obion County is about 7.0% smaller.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.6 which is the second most average number of rooms in a house of all the counties in the greater Obion County region. The county with the highest average number of rooms in a house in the area is Hickman County which shows 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 Median Year Built of 1974 which is less than most other counties in the local area. 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. has the percentage of homes built between 2010 to 2013 in the mid range of other counties in the local area at 9% 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 metro area at 4,463 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of one unit detached at 2% of the total and is ranked #1.

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 $162,500 of the total and is ranked #3. Only #2 Dyer County ($174,300), and #1 Weakley County ($259,200) are larger. Second, it has in the middle range of other counties in the metro area as measured by value of homes built 2010 to 2013 at $139,600 of the total. Third, it has one of the largest proportions of value of homes built 2000 to 2009 at $116,000 of the total and is ranked #3. Only #2 Dyer County ($143,500), and #1 Hickman County ($185,700) are larger. Also, it has one of the largest proportions of value of homes built 1990 to 1999 at $119,100 of the total and is ranked #3. Only #2 Dyer County ($121,400), and #1 Lake County ($139,100) are larger. In addition, it has less than most other counties in the greater region as measured by value of homes built 1980 to 1989 at $87,500 of the total. Furthermore, it has in the center range of other counties in the local area when sorted by value of homes built 1970 to 1979 at $87,000 of the total. Next it has one of the largest proportions of value of homes built 1960 to 1969 at $73,200 of the total and is ranked #2. The only larger county being Dyer County with $74,600. Additionally, it has in the mid range of other counties in the metro area in terms of value of homes built 1950 to 1959 at $70,900 of the total. And then, it has less than most other counties in the surrounding region in terms of value of homes built 1940 to 1949 at $75,000 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 Owner-Household Size of 2.4 which is in the center range of other counties in the metro area. The county with the highest homeowner household size in the area is Gibson County which shows a homeowner household size of 2.5 (6.8% larger).

Figure 37 shows the household size for renters. Obion County depicts it has a Renter-Household Size of 2.4 which is in the mid range of other counties in the greater region. The county with the highest renter household size in the area is Dyer County which depicts a renter household sizes of 2.5 (only about 4.7% larger). Figure 38 shows the year that people who own homes moved into this region. has the smallest proportion of owners moved in 2017 or later at 6% of the total. Figure 39 shows the year that people who rent moved into the area. Obion County has the smallest proportion of renters moved in 2017 or later at 18% of the total. Second, it has the largest proportion of renters moved in 2000 to 2009 at 4% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2001 which is the second smallest when ranked by 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 depicts it has a Renter Median Year Moved In of 2014 which is in the center range of 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 kerosene or other fuel oils at 0% of the total and is ranked #1. Second, it has the largest proportion of homes using solar energy 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 depicts it has a Total In Group Quarters of 491 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 under 18 years of age and in group quarters at 100% of the total and is ranked #1.