Weakley County Area Home Supply Charts

This page looks at a variety of Weakley 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. Weakley County shows it has a housing units of 15,609 which is in the center range of other counties in the metropolitan area.

Figure 2 illustrates the housing density in the Weakley County housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Weakley County depicts it has a housing density of 26.9 which is in the mid range of other counties in the greater region. The county with the highest housing density in the area is Gibson County which depicts a density of 37.4 (38.9% larger). Comparing housing density to the United States average of 38.6, Weakley County is approximately three-fourths the size. Also, in comparison with the state of Tennessee, housing density of 70.9, Weakley County is approximately a third the size.

In Figure 4, Weakley County area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Weakley County depicts it has a change in the housing units of 0.7% which is the third most of all 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% (approximately 3.2 times bigger). Comparing change in the housing units to the United States average of 4.9%, Weakley County is approximately a sixth the size. Also, versus the state of Tennessee, change in the housing units of 4.2%, Weakley County is approximately a sixth the 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.) Weakley County depicts it has a renter percent of 33.5% which is more than all other counties in the greater Weakley County region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has an owner percent of 66.5% which is the smallest in order of owner percent of all the other counties in the metro area.

Weakley County Home Cost Charts

Looking at the housing data provided in Figure 7, the average Weakley County home price is illustrated for this community and a useful analysis of affordable housing. Weakley County depicts it has a median home price of $96,000 which is the third most median home prices of all other counties in the greater Weakley County region. The county with the highest median home price in the area is Henry County which shows a home price of $101,200 (only about 5.4% larger). Figure 8 provides aggregate comparative data for the Weakley County Tennessee metro area in terms of the median housing rental rate, apartment rent, etc. Weakley County shows it has a rental rates of $601 which is less than most other counties in the area. The county with the highest rental rates in the area is Gibson County which depicts a rental rates of $681 (13.3% larger). Comparing rental rates to the United States average of $1,023, Weakley County is approximately half the size. Also, compared with the state of Tennessee, rental rates of $841, Weakley County is approximately three-fourths the size.

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. Weakley County depicts it has a median ownership cost of $551 which is less than most 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 Weakley County metro area. it has a cost as a percent of household income of 15% which is less than most other counties in the greater 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. Weakley County shows it has a median home value as a percent of median worker earnings of 271% which is the second most median home value as a percent of median worker earnings of all the counties in the greater Weakley 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.) Weakley County depicts it has a median housing cost of $909 which is less than most other counties in the local 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 $325 which is less than most other counties in the area.

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. Weakley County has one of the largest proportions of owner cost less than $300 at 23% of the total and is ranked #2. The only larger county being Carroll County with 25%. Second, it has the smallest proportion of owner cost between $300 and $500 at 23% of the total. Third, it has the smallest proportion of owner cost between $2,000 and $2,500 at 1% of the total. Also, it has the smallest proportion of owner cost between $2,500 and $3,000 at 0% 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.) Weakley County shows it has a cost as a percent of household income of 20% which is in the mid range of other counties in the area. 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 24% (21.2% 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. Weakley County depicts it has a cost as a percent of household income of 10% which is the second smallest in terms of cost as a percent of household income of all the other counties in the local area. 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% (25.2% 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.) Weakley County has the percentage of rent as a percent of income is less than 10 pct in the mid range of other counties in the metro area at 4% 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 Obion County with 24%. Third, it has the smallest proportion of rent as a percent of income is between 20pct to 30pct at 14% of the total. Also, it has one of the largest proportions of rent as a percent of income is between 40pct to 50pct at 11% of the total and is ranked #2. The only larger county being Henry County with 13%. In addition, it has one of the largest proportions of rent as a percent of income is over 50pct at 19% of the total and is ranked #3. Only #2 Graves County (20%), and #1 Gibson County (21%) are larger.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Weakley County has the smallest proportion of housing cost between $2,000 and $2,500 at 0% of the total. Second, it has the smallest proportion of housing cost between $2,500 and $3,000 at 0% 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 $665 which is the third most median real estate taxes paid of all other counties in the greater Weakley County region. The county with the highest median real estate taxes paid in the area is Gibson County which shows a taxes paid of $855 (28.6% larger). Comparing median real estate taxes paid to the United States average of $2,375, Weakley County is approximately a third the size. Also, measured against the state of Tennessee, median real estate taxes paid of $1,153, Weakley County is approximately half the size.

Figure 23 shows the rental rate distribution for this area. Weakley County Tennessee has the largest proportion of rent between 300 and 500 dollars at 20% of the total and is ranked #1.

Weakley County Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Weakley County has the smallest proportion of 2nd mortgage or heloc-not both at 4% of the total.

Weakley County Home Characteristics Charts

The next section of charts provide a wide range of metrics related to the housing market physical characteristics which can be useful for a real estate investor. Figure 27 looks at the number of people living in a typical house in the real estate market starting with the average household size (families and non families). Weakley County has the smallest proportion of housing density at 2.3 of the total. 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 the smallest when ranked by family members per housing unit of all the other counties in the metro area. The county with the highest family members per housing unit in the area is Graves County which shows a family members per housing unit of 3.3 (14.7% larger). Comparing family members per housing unit to the United States average of 3.3, Weakley County is about 16.1% smaller. Also, compared with the state of Tennessee, family members per housing unit of 3.2, Weakley County is about 11.3% 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 of all other counties in the local area. The county with the highest average number of rooms in a house in the area is Gibson County which depicts 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 1977 which is the second most year built of all the counties in the greater Weakley County region. The county with the highest year built in the area is Henry County which depicts a year built of 1981 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the smallest proportion of homes built between 1980 to 1989 at 12% of the total. Second, it has the second smallest in order of homes built in 2014 or later of all the other counties in the greater region when ranked by homes built between 1940 to 1949 at 5% 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 9,042 of the total. Second, it has one of the largest proportions of renter housing units at 4,563 of the total and is ranked #2. The only larger county being Gibson County with 5,878.

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 10 to 19 units at 2% of the total and is ranked #1. Second, it has less than most other counties in the greater region as measured by mobile home at 12% 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 $238,500 of the total and is ranked #2. The only larger county being Gibson County with $277,100. Second, it has less than most other counties in the metropolitan area when sorted by value of homes built 2010 to 2013 at $142,500 of the total. Third, it has in the mid range of other counties in the greater region in order of value of homes built 2000 to 2009 at $153,400 of the total. Also, it has the second smallest in order of value of homes built 2014 or later of all the other counties in the greater region when ranked by value of homes built 1990 to 1999 at $87,500 of the total. In addition, it has one of the largest proportions of value of homes built 1980 to 1989 at $105,800 of the total and is ranked #3. Only #2 Obion County ($134,100), and #1 Henry County ($139,100) are larger. Furthermore, it has one of the largest proportions of value of homes built 1970 to 1979 at $99,400 of the total and is ranked #2. The only larger county being Henry County with $102,900. Next it has one of the largest proportions of value of homes built 1960 to 1969 at $90,500 of the total and is ranked #2. The only larger county being Henry County with $100,100. Additionally, it has the second smallest as measured by value of homes built 2014 or later of all the other counties in the greater region when sorted by value of homes built 1950 to 1959 at $69,300 of the total. And then, it has the largest proportion of value of homes built 1940 to 1949 at $93,800 of the total and is ranked #1. Also, it has less than most other counties in the local area when ranked by value of homes built 1939 or earlier at $76,600 of the total.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. it has the largest proportion of occupied housing units at 87% of the total and is ranked #1. Second, it has the smallest proportion of vacant housing units at 13% 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 Weakley County residents. it has a homeowner household size of 2.4 which is the second smallest as measured by homeowner household size of all the other counties in the metropolitan area. The county with the highest homeowner household size in the area is Graves County which shows a homeowner household size of 2.6 (10.2% larger).

Figure 37 shows the household size for renters. Weakley County depicts it has a renter household size of 2.1 which is the smallest when ranked by renter household size of all the other counties in the metro area. The county with the highest renter household size in the area is Carroll County which shows a renter household sizes of 2.6 (22.4% larger). Figure 38 shows the year that people who own homes moved into this region. it has the largest proportion of owners moved in 2010 to 2014 at 23% of the total and is ranked #1. Figure 39 shows the year that people who rent moved into the area. Weakley County has the largest proportion of renters moved in 2015 to 2016 at 30% of the total and is ranked #1.

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 2001 which is the third most median year that a home owner moved in of all other counties in the greater Weakley County region. Figure 41 compares the median year that renters moved into their home. Weakley County depicts it has a median year that a renter moved in of 2014 which is the highest of all counties in the greater Weakley County region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the smallest proportion of homes using natural gas at 27% of the total. Second, it has in the center range of other counties in the local area when sorted by home using bottled, tank, or lp gas at 6% of the total. Third, it has the largest proportion of home using electricity at 64% of the total and is ranked #1. Also, it has the largest proportion of homes using coal or coke 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 Weakley County housing department, Tennessee department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Weakley County shows it has a total people living in group quarters of 2,601 which is the largest of all counties in the greater Weakley County region.