Weakley County Area Home Supply Charts

This page looks at a variety of Weakley 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. Weakley County depicts it has a Housing Units of 15,615 which is in the mid range of other counties in the greater region.

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 37.5 (39.3% larger). Comparing housing density to the United States average of 38.9, Weakley County is approximately three-fourths the size. Also, measured against the state of Tennessee, housing density of 71.7, 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 Housing Unit Change of 0.8% which is the third most housing units of all other counties in the greater Weakley County 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% (approximately 3.5 times bigger). Comparing change in the housing units to the United States average of 5.7%, Weakley County is approximately an eigth the size. Also, benchmarked against the state of Tennessee, change in the housing units of 5.4%, 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 34.7% which is the second most renter percent of all the counties in the greater Weakley County region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 65.3% which is the second smallest when sorted by owner percent of all the other counties in the local 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 shows it has a Median Home Value of $97,800 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 Graves County which depicts a home price of $104,300 (6.6% 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 Median Gross Rent of $626 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 shows a rental rates of $680 (8.6% larger). Comparing rental rates to the United States average of $1,062, Weakley County is approximately half the size. Also, in comparison with the state of Tennessee, rental rates of $869, Weakley 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. Weakley County has the largest proportion of home price worth between $200,000 to $300,000 at 4% of the total and is ranked #1. Second, it has the largest proportion of home price worth between $750,000 to $1,000,000 at 0% of the total and is ranked #1. Third, it has the largest proportion of home price worth between $1,000,000 to $1,500,000 at 0% of the total and is ranked #1. Also, it has the largest proportion of home price worth between $1,500,000 to $2,000,000 at 0% 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. Weakley County shows it has a Median Owner Cost of $550 which is in the mid range of other counties in the local area. 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 Owner Cost as % of HH Income of 14% which is less than most other counties in the local 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. Weakley County shows it has a Median Home Value as Percent of Median Earnings of 281% 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 Owner Costs-With Mortgage of $919 which is less than most other counties in the greater 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 $316 which is the smallest in terms 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. Weakley County has the smallest proportion of owner cost less than $300 at 21% of the total. Second, it has the smallest proportion of owner cost between $1,500 and $2,000 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 depicts it has a % of Income Owner Costs-With Mortgage of 20% which is in the middle range of other counties in the surrounding 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 21% (only about 5.6% 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 % of Income Owner Costs-No Mortgage of 9% which is the smallest in terms of 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 Hickman County which shows a cost as a percent of household income of 12% (28.9% 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 one of the largest proportions of rent as a percent of income is less than 10 pct at 23% of the total and is ranked #2. The only larger county being Carroll County with 28%. Second, it has the smallest proportion of rent as a percent of income is between 10pct to 20pct at 17% of the total. Third, it has the largest proportion of rent as a percent of income is between 20pct to 30pct at 18% of the total and is ranked #1. Also, it has in the center range of other counties in the local area in order of rent as a percent of income is between 40pct to 50pct at 17% of the total.

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 less than $300 at 20% of the total. Second, it has the smallest proportion of housing cost between $1,500 and $2,000 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 $688 which is in the middle range of other counties in the local area. The county with the highest median real estate taxes paid in the area is Gibson County which depicts a taxes paid of $861 (25.1% larger). Comparing median real estate taxes paid to the United States average of $2,471, Weakley County is approximately a third the size. Also, benchmarked against the state of Tennessee, median real estate taxes paid of $1,190, Weakley County is approximately half the size.

Weakley County Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 2.8 which is the smallest as measured by family members per housing unit of all the other counties in the greater region. The county with the highest family members per housing unit in the area is Graves County which indicates a family members per housing unit of 3.4 (19.4% larger). Comparing family members per housing unit to the United States average of 3.3, Weakley County is about 16.7% smaller. Also, measured against the state of Tennessee, family members per housing unit of 3.2, Weakley County is about 11.8% 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 Weakley 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 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. it has one of the largest proportions of homes built between 2010 to 2013 at 13% of the total and is ranked #2. The only larger county being Gibson County with 14%. Second, it has the smallest proportion of homes built between 1990 to 1999 at 11% of the total. Third, it has the largest proportion of homes built between 1980 to 1989 at 18% of the total and is ranked #1. Also, it has the smallest proportion of homes built between 1950 to 1959 at 5% of the total. In addition, it has one of the largest proportions of homes built between 1940 to 1949 at 10% of the total and is ranked #3. Only #2 Gibson County (10%), and #1 Obion County (10%) are larger.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. it has one of the largest proportions of owner housing units at 4,736 of the total and is ranked #2. The only larger county being Gibson County with 6,133.

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 2 units at 5% of the total and is ranked #1. Second, it has the largest proportion of 5 to 9 units 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 $259,200 of the total and is ranked #2. The only larger county being Henry County with $278,400. Second, it has one of the largest proportions of value of homes built 2010 to 2013 at $155,700 of the total and is ranked #3. Only #2 Graves County ($171,800), and #1 Gibson County ($178,600) are larger. Third, it has less than most other counties in the local area in order of value of homes built 2000 to 2009 at $108,200 of the total. Also, it has one of the largest proportions of value of homes built 1990 to 1999 at $114,200 of the total and is ranked #3. Only #2 Obion County ($119,100), and #1 Henry County ($137,900) are larger. In addition, it has one of the largest proportions of value of homes built 1980 to 1989 at $98,200 of the total and is ranked #2. The only larger county being Henry County with $99,300. Furthermore, it has in the mid range of other counties in the metro area in order of value of homes built 1970 to 1979 at $87,500 of the total. Next it has the second smallest when sorted by value of homes built 2014 or later of all the other counties in the local area as measured by value of homes built 1960 to 1969 at $70,800 of the total. Additionally, it has the largest proportion of value of homes built 1950 to 1959 at $97,200 of the total and is ranked #1. And then, it has less than most other counties in the area when sorted by value of homes built 1940 to 1949 at $79,300 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. has the smallest proportion of occupied 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 Owner-Household Size of 2.3 which is the smallest in terms of homeowner household size of all the other counties in the local area. The county with the highest homeowner household size in the area is Graves County which depicts a homeowner household size of 2.6 (13.5% larger).

Figure 37 shows the household size for renters. Weakley County depicts it has a Renter-Household Size of 2.2 which is the smallest when sorted by renter household size of all the other counties in the greater region. The county with the highest renter household size in the area is Carroll County which depicts a renter household sizes of 2.7 (20.3% larger). Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2017 or later less than most other counties in the area at 7% of the total. Figure 39 shows the year that people who rent moved into the area. Weakley County has the largest proportion of renters moved in 2017 or later at 31% of the total and is ranked #1. Second, it has the smallest proportion of renters moved in 2010 to 2014 at 11% of the total. Third, it has the smallest proportion of renters moved in 1990 to 1999 at 1% of the total.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2002 which is less than most other counties in the metropolitan area. Figure 41 compares the median year that renters moved into their home. Weakley County depicts it has a Renter Median Year Moved In of 2015 which is the most 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. it has the largest proportion of home using bottled, tank, or lp gas at 63% of the total and is ranked #1. Second, it has less than most other counties in the metro area in order of homes using solar energy at 0% of the total.

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 depicts it has a Total In Group Quarters of 2,559 which is the most of all counties in the greater Weakley County region.