RentData

Average Rent in Kingsport, TN Rents rising 15.2% YoY

HUD FY2025 · Official government data · Updated annually · Metro pop. 309,580

Data review: HUD FY2025Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Kingsport, TN has rental prices ranging from $738/month to $1,538/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $824/month — 41% below the national average of $1,400/month. With a median household income of $55,948/year, spending $824/month on a 1-bedroom represents 18% of gross income — within the recommended 30% threshold.

How Kingsport Compares

With an average 2-bedroom rent of $1,043/month, Kingsport ranks #13 most expensive of the 73 cities tracked in Tennessee — pricier than 70% of all US cities in our data.

The Kingsport Rental Market

The Kingsport, TN area has a population of about 309,580 and 26% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Kingsport, TN have risen by $138/month (15.2%) over the past year, from $905 to $1,043. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.

Affordability

To afford a 1-bedroom apartment in Kingsport, TN without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $32,960. The local median household income of $55,948 exceeds that threshold by $22,988, making Kingsport relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Kingsport, TN is $257,361, giving a price-to-rent ratio of 20.6. With a break-even horizon of approximately 21 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Fair Market Rents

HUD FY2025
Studio
$738
Affordable
1 Bedroom
$824
Affordable
2 Bedrooms
$1,043
15.2% YoY
Affordable
3 Bedrooms
$1,343
Affordable
4 Bedrooms
$1,538
Average
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Median Home Value
$257,361
Source: Zillow ZHVI
Est. monthly payment
$1,370/mo
20% down · 30yr · 7%

Is Kingsport, TN Affordable?

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

Affordability Index(30% income rule)

To rent a 2BR
$41,720/year
Local median income: $55,948
To buy a median home
$54,791/year
US national median: $75,000
💡 Based on a 2BR rent of $1,043/month and 20% down on a $257,361 home at 7% rate.

Nearby Cities in TNlargest metros in the state

CityStudio1BR2BR3BRHome Value
Nashville$1,589$1,650$1,827$2,308
Grainger County$481$575$689$924
Knoxville$1,256$1,264$1,548$1,989
Stewart County$625$735$911$1,277
Johnson City$890$895$1,119$1,389
Gibson County$672$709$904$1,267

Rent or Buy in Kingsport?

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

Should I Rent or Buy?

Break-even analysis using real Kingsport data

$
Home Value
$257,361
2BR Rent
$1,043/mo
Mortgage Rate
7%
Monthly P&I
$1,370/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $1,895/movs rent: $1,043/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Mortgage Calculator

Estimate monthly payment for $257,361 home at 7% rate

20% — $51,472
3%50%
Estimated Monthly Payment
$1,370
per month · 30 years · 7% APR
Loan Amount
$205,889
Total Paid
$493,122
Total Interest
$287,233
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Kingsport

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🏘️Neighborhoods in Kingsport

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⚖️Rent vs Buy in Kingsport

Is it cheaper to rent or buy here?

💵Rent Affordability in Kingsport

Salary needed to afford rent here

🗺️All Cities in TN

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📋TN Tenant Rights

Deposit limits, eviction laws & renters protections