Average Rent in Gibson County, TN↓ Rents falling 22.0% YoY🔻 2nd cheapest in TN

Gibson County, TN has rental prices ranging from $521/month to $1,163/month in 2021, depending on unit size. The typical 1-bedroom apartment rents for $570/month — 59% below the national average of $1,400/month. With a median household income of $59,009/year, spending $570/month on a 1-bedroom represents 12% of gross income — within the recommended 30% threshold.

How Gibson County Compares

With an average 2-bedroom rent of $672/month, Gibson County ranks #72 most expensive of the 73 cities tracked in Tennessee — more affordable than 100% of all US cities in our data.

The Gibson County Rental Market

The Gibson County, TN area has a population of about 50,610 and 33% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Gibson County, TN have fallen by $189/month (22.0%) over the past year, from $861 to $672. This rate of decrease is significant and reflects softening demand or increased inventory in the local market.

Affordability

To afford a 1-bedroom apartment in Gibson County, TN without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $22,800. The local median household income of $59,009 exceeds that threshold by $36,209, making Gibson County relatively accessible compared to local wages.

Economy & Jobs

Gibson County, TN has an unemployment rate of 3.8%, 0.1 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.

Is Gibson County, TN Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Gibson County?

Break-even analysis and mortgage estimates based on local market data.

Living in Gibson County

Cost of living, job market, crime rates, and moving cost estimates.