Weakley County Area Home Supply Charts

This page looks at a variety of Weakley County Tennessee housing market data taken from the most recent 2021 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 15,613 which is in the middle 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 indicates it has a Housing Density of 26.9 which is in the center range of other counties in the metro area. The county with the highest housing density in the area is Gibson County which depicts a density of 37.6 (39.8% larger). Comparing housing density to the United States average of 39.2, Weakley County is approximately three-fourths the size. Also, measured against the state of Tennessee, housing density of 72.5, 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 in the intermediate range of other counties in the local area. The county with the highest change in the housing units in the area is Gibson County which depicts a housing units of 3.0% (approximately 4.0 times bigger). Comparing change in the housing units to the United States average of 6.5%, Weakley County is approximately an eigth the size. Also, in comparison with the state of Tennessee, change in the housing units of 6.5%, Weakley County is approximately a tenth 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 35.4% 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 64.6% which is the second smallest in terms of 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 depicts it has a Median Home Value of $97,900 which is in the mid range of other counties in the greater region. The county with the highest median home price in the area is Graves County which depicts a home price of $109,000 (11.3% 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 depicts it has a Median Gross Rent of $629 which is the second smallest when ranked by rental rates of all the 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 $671 (6.7% larger). Comparing rental rates to the United States average of $1,096, Weakley County is approximately half the size. Also, in contrast to the state of Tennessee, rental rates of $897, 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 shows it has a Median Owner Cost of $533 which is in the mid 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 Weakley County metro area. it has a Owner Cost as % of HH Income of 14% which is the second smallest in order of cost as a percent of household income of all the 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 depicts it has a Median Home Value as Percent of Median Earnings of 278% 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 shows it has a Median Owner Costs-With Mortgage of $898 which is the second smallest in terms of median housing cost of all the 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 Owner Costs-Without Mortgage of $299 which is the smallest when sorted by 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 20% 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 shows it has a % of Income Owner Costs-With Mortgage of 19% which is in the mid point 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 shows a cost as a percent of household income of 22% (15.6% 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 second smallest in terms of cost as a percent of household income of all the other counties in the area. The county with the highest cost as a percent of household income in the area is Obion County which shows a cost as a percent of household income of 12% (27.8% 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 26% of the total and is ranked #3. Only #2 Hickman County (26%), and #1 Carroll County (27%) are larger. Second, it has the largest proportion of rent as a percent of income is between 20pct to 30pct at 16% of the total and is ranked #1. Third, it has in the mid range of other counties in the area in order of rent as a percent of income is between 40pct to 50pct at 16% 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 19% of the total. Second, it has the largest proportion of housing cost between $300 and $500 at 23% of the total and is ranked #1. Third, it has the smallest proportion of housing cost between $1,500 and $2,000 at 0% of the total. Also, it has the smallest proportion of housing cost between $2,000 and $2,500 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 $660 which is the second smallest when ranked by median real estate taxes paid of all the 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 $919 (39.2% larger). Comparing median real estate taxes paid to the United States average of $2,551, Weakley County is approximately a quarter the size. Also, benchmarked against the state of Tennessee, median real estate taxes paid of $1,217, 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 47% 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 percentage of With HELOC no Primary Mortgage in the mid range of other counties in the greater region at 52% of the total.

Weakley County Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 2.9 which is the smallest in terms of 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 depicts a family members per housing unit of 3.3 (15.0% larger). Comparing family members per housing unit to the United States average of 3.3, Weakley County is about 15.7% smaller. Also, compared with the state of Tennessee, family members per housing unit of 3.2, Weakley County is about 10.9% 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 Carroll 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 1978 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 1982 ( 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 12% of the total and is ranked #2. The only larger county being Gibson County with 16%.

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 4,798 of the total and is ranked #2. The only larger county being Gibson County with 6,742.

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 6% of the total and is ranked #1. Second, it has the largest proportion of 10 to 19 units at 1% 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 the largest proportion of value of homes built 2014 or later at $238,900 of the total and is ranked #1. Second, it has in the mid range of other counties in the surrounding region in terms of value of homes built 2010 to 2013 at $167,700 of the total. Third, it has less than most other counties in the metro area in order of value of homes built 2000 to 2009 at $99,000 of the total. Also, it has one of the largest proportions of value of homes built 1990 to 1999 at $112,600 of the total and is ranked #3. Only #2 Graves County ($113,700), and #1 Henry County ($129,200) are larger. In addition, it has in the mid range of other counties in the greater region when sorted by value of homes built 1980 to 1989 at $97,400 of the total. Furthermore, it has the second smallest when ranked by value of homes built 2014 or later of all the other counties in the greater region in terms of value of homes built 1970 to 1979 at $86,000 of the total. Next it has the smallest proportion of value of homes built 1960 to 1969 at $67,000 of the total. Additionally, it has less than most other counties in the metro area in order of value of homes built 1950 to 1959 at $70,300 of the total. And then, it has one of the largest proportions of value of homes built 1940 to 1949 at $87,500 of the total and is ranked #2. The only larger county being Graves County with $105,000.

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 as measured by homeowner household size of all the other counties in the metro area. The county with the highest homeowner household size in the area is Graves County which shows a homeowner household size of 2.6 (10.3% 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 as measured by renter household size of all the other counties in the local area. The county with the highest renter household size in the area is Hickman County which depicts a renter household sizes of 3.2 (45.2% larger). Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2019 or later the second smallest when sorted by owners moved in 2019 or later of all the other counties in the greater region at 16% of the total. Figure 39 shows the year that people who rent moved into the area. Weakley County has one of the largest proportions of renters moved in 2019 or later at 49% of the total and is ranked #3. Only #2 Henry County (49%), and #1 Graves County (50%) are larger. Second, it has the smallest proportion of renters moved in 2015 to 2018 at 23% 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 2003 which is in the center range of other counties in the surrounding region. Figure 41 compares the median year that renters moved into their home. Weakley County depicts it has a Renter Median Year Moved In of 2016 which is more than all other 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.

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 In Group Quarters of 2,421 which is the largest of all counties in the greater Weakley County region.