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Tipton County, TN

RANK #793 / 996  ·  POP 61,116  ·  TN

PROJECTED GROWTH: -0.5%

Tipton County is shedding jobs at a pace that outstrips most U.S. counties.

[01] Why Tipton County?

Tipton County, Tennessee, distinguishes itself with Covington's historic square, featuring a revitalized streetscape, restored theater, shops, and restaurants. Located north of Memphis, the county offers a rural lifestyle within a short drive of urban amenities. The western boundary is formed by the Mississippi River, and the Hatchie River borders the north, providing opportunities for boating, fishing, and canoeing. Commutes to Memphis are common, with public transit options available through the Delta Human Resource Agency. The community offers a blend of historic charm and access to nature.

Life in Tipton County often involves families seeking a quieter setting with access to good schools. The Tipton County School District serves over 10,000 students across 14 schools and is considered above average. The economy, historically rooted in agriculture, is experiencing a shift. Major investments are flowing into advanced manufacturing and related industries, creating new job opportunities and driving demand for a skilled workforce. This economic evolution is expected to bring increased wages and a need for more community services and amenities.

[02] Market Snapshot

Housing Ratio
9.2x

Overvalued relative to economy

GDP Growth
+0.1%

Well below national median

Home Prices
+0.8%

Below national median

Climate & Terrain
-0.4

Below-average climate & terrain

Price/Rent
10x

Strong rental yield

Housing looks overvalued at 9.2x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Tipton County U.S. National

The Numbers

DEMOGRAPHICS
Population
61,116
+0.41% YoY
Median Household Income
$70,674
Median Home Value
$203,500
+0.78% 12mo
Median Rent
$1,013
Average Annual Pay
$50,303
+0.2% YoY
Employment
11,848
-1.8% YoY
Income-to-Home-Value
0.3473
More affordable than average
Migration Inflow
2.87%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$293,500
Days on Market
51
Moderate pace
Months of Supply
4.9
Balanced market
Sale-to-List Ratio
97.6%
Negotiation room for buyers
Sold Above List
18.8%
Listings w/ Price Drops
28.2%
Building Permits (2024)
215
Single-Family Permits
167

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

[05] Capital Investment

$148M
TOTAL
PROJECT AMOUNT STATUS
Charms LLC Manufacturing and Distribution Center Expansion
Charms LLC (Tootsie Roll Industries)
$98M Under Construction
Residential Development (Various Communities)
Multiple Developers (e.g., Grant & Co.)
$50M Under Construction

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

[06] Score Breakdown

GDP Growth +0.1% 8 percentile
Population Growth +0.4% 48 percentile
Income Growth +10.8% 89 percentile
Vacancy Rate 1.1% 46 percentile
Home Price Change +0.8% 42 percentile
Rent Growth -2.1% 2 percentile
Price/Rent 10x 87 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Tipton County has a Boom Town Index score of 20/100, ranking #793 among 996 U.S. counties. With job growth at -1.8% and a median household income of $70,674, it faces some economic headwinds compared to faster-growing counties.

Is Tipton County affordable?

The median home value in Tipton County is $203,500 with median rent at $1,013/month. The income-to-home-value ratio is 0.3473, which is more affordable than the national average.

Is Tipton County growing or shrinking?

Population growth: +0.4% year-over-year. Job growth: -1.8%. Home values changed +0.8% in the past 12 months.

Are people moving to Tipton County?

Yes — 2.87% of Tipton County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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