Cost of Living in Overton County, Tennessee
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Overton County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Overton County ranks #1,275 of 3,144 counties for affordability (top 41%)
Data Story
About Cost of Living in Overton County, Tennessee
Overton County faces serious rental affordability strain
Overton County's 21.7% rent-to-income ratio represents a significant affordability crisis—well above Tennessee's 17.6% state average and nearly 4 percentage points higher than the national baseline. With a median household income of just $46,159, renters paying $833 monthly face genuine housing burden in this East Tennessee county.
One of Tennessee's least affordable rental markets
Overton County ranks among Tennessee's counties with the highest rent-to-income ratios, reflecting the mismatch between local incomes and housing costs. The county's 21.7% figure signals that renters here dedicate more than one-fifth of their earnings to housing—a red flag for financial sustainability.
Rents high relative to income across region
Overton County's $833 median rent tracks above Morgan County ($742) and nearly matches Putnam County ($881), while the county's low median income of $46,159 makes housing more burdensome than any nearby peer. The rental market here presents one of the region's toughest affordability scenarios.
Rent consumes 21.7% of median income
Overton County renters dedicate a concerning 21.7% of their $46,159 median household income to gross rent at $833 monthly. Homeowners face more reasonable ownership costs of $505 monthly on higher median home values of $171,700, suggesting the rental market drives the county's affordability crisis.
Renters should explore homeownership alternatives here
Families relocating to Overton County face a rental market that demands a larger share of income than surrounding counties, but homeownership costs are comparatively modest. Consider this county primarily if you're ready to build equity rather than rent.
Cost of Living Advisory: Overton County
Affordability Verdict
Overton County is affordable for renters, with a median gross rent of $833/month representing approximately 21.7% of median household income. The rent burden (GRAPI) stands at 27.0%.
Rent vs. Own
Renters in Overton County pay $833/month on average, compared to $505/month for homeowners. This market favors buyers by about 39%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $33,320/year. For owner costs at the 28% rule, the required income is roughly $21,643/year. With a median household income of $46,159, most households can comfortably afford rent here. Notably, 27.0% of renter households in Overton County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Tennessee, Overton County is more affordable than Lincoln County by roughly 7% ($833/mo vs $782/mo).
Affordability Calculator
See how your income compares to housing costs in Overton County
Rent Burden
21.7%
of gross income
Max Housing (28% Rule)
$1,077
per month
Owner Cost Burden
13.1%
of gross income
The median home in Overton County may be a stretch
Median home value is $171,700. Estimated monthly cost: $1,371 vs. your max of $1,077.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
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