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Hamblen County, TN

RANK #506 / 996  ·  POP 64,531  ·  TN

PROJECTED GROWTH: +0.7%

Hamblen County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Hamblen County?

Hamblen County, Tennessee, distinguishes itself with Morristown, its county seat, which once served as a crucial transportation and commercial hub. Located in East Tennessee, approximately 40 miles northeast of Knoxville, the county offers a community atmosphere. The region is characterized by its natural beauty, with views of the Great Smoky Mountains and access to Cherokee Lake. Outdoor recreation is a significant draw, with Panther Creek State Park offering over 30 miles of hiking, mountain biking, and horse trails, along with opportunities for camping, fishing, and swimming. Cherokee Lake provides additional boating and fishing activities. The area also boasts several disc golf courses, earning Morristown the title of "Tennessee's Disc Golf Capital."

Life in Hamblen County offers a lower cost of living compared to the national average. The public school system is recognized for its quality, and Walters State Community College provides local higher education options. The economy is experiencing growth, driven by manufacturing and food and agriculture sectors. Recent expansions in these areas have contributed to job creation, attracting individuals and families to the county.

[02] Market Snapshot

Housing Ratio
2.9x

Undervalued relative to economy

GDP Growth
+2.4%

Below national median

Home Prices
+2.1%

Outpacing national median

Climate & Terrain
1.5

Moderate climate & terrain

Price/Rent
10x

Strong rental yield

Housing looks undervalued at 2.9x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Hamblen County U.S. National

The Numbers

DEMOGRAPHICS
Population
64,531
+0.54% YoY
Median Household Income
$49,656
Median Home Value
$166,300
+2.07% 12mo
Median Rent
$799
Average Annual Pay
$50,942
+4.1% YoY
Employment
33,531
-0.5% YoY
Income-to-Home-Value
0.2986
More affordable than average
Migration Inflow
3.56%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$315,500
Days on Market
66
Slower market
Months of Supply
4.0
Balanced market
Sale-to-List Ratio
98.2%
Near asking price
Sold Above List
15.6%
Listings w/ Price Drops
26.3%
Building Permits (2024)
298
Single-Family Permits
215

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$560M
TOTAL
PROJECT AMOUNT STATUS
Ridgeline Expansion Project (Natural Gas Pipeline & Solar)
Enbridge Inc. / Tennessee Valley Authority (TVA)
$500M Under Construction
Performance Food Group (PFG) Expansion
Performance Food Group Company (PFG)
$33M Planned
Rich Products Manufacturing Expansion
Rich Products
$27M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +2.4% 45 percentile
Population Growth +0.5% 54 percentile
Income Growth +9.7% 76 percentile
Vacancy Rate 1.3% 32 percentile
Home Price Change +2.1% 60 percentile
Rent Growth +1.8% 31 percentile
Price/Rent 10x 90 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Hamblen County, TN a good place to move to?

Hamblen County has a Boom Town Index score of 49/100, ranking #506 among 996 U.S. counties. With job growth at -0.5% and a median household income of $49,656, it faces some economic headwinds compared to faster-growing counties.

Is Hamblen County affordable?

The median home value in Hamblen County is $166,300 with median rent at $799/month. The income-to-home-value ratio is 0.2986, which is more affordable than the national average.

Is Hamblen County growing or shrinking?

Population growth: +0.5% year-over-year. Job growth: -0.5%. Home values changed +2.1% in the past 12 months.

Are people moving to Hamblen County?

Yes — 3.56% of Hamblen County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Greene County, MO 59 Cullman County, AL 59 Rockingham County, NH 59 Dane County, WI 59 Calhoun County, AL 59 Washtenaw County, MI 59 Franklin County, PA 59 Van Zandt County, TX 59