Counties / Tennessee / Marshall County

Marshall County, TN

FIPS 47117 · population 36,049 · part of Lewisburg, TN

$334k
Zillow home value · 2026-06
The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$334k
▲ 3.8% year over year
Zillow ZHVI · direct
Median asking rent
$1,672
n/a year over year
Zillow ZORI · direct
Gross yield
6.0%
annual rent ÷ price, before costs
derived: rent × 12 ÷ price ✓
HUD 2-bed standard
$1,041
market rent is 1.61x the standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+69.5%not annualized · through 2025
0%ZILLOW ZHVI2026-06+3.8%FHFA HPI2025+5.6%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-07-28.
Owner-reported value$280k
Surveyed gross rent$946
Rent burden 30%+39.8%
Median year built1991
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
7.6%vacant
14,749estimated housing units
Occupied tenure23.2% renter
owner 76.8%renter 23.2%
Structure mix83.9% single-family
Single-family 83.9%20+ units 1.4%Mobile home 7.6%Other 7.1%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs9,828▲ 2.6% from the prior annual release
Covered establishments713annual average reporting locations
Average weekly wage$1,069▲ 3.5% from the prior annual release
Largest private supersectorManufacturing37.8% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS+2.6%WEEKLY WAGE+3.5%Manufacturing37.8%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2025 vs 2024 · pulled 2026-07-31. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

County brief

What the local evidence says

01Decision frame

Marshall County presents a yield-versus-liquidity tension: a 6.01% gross yield from the published $1,672 monthly asking rent sits beside upward value measures but a listing market that warrants caution on resale execution. Rental buyers should test unit-level rent durability and flood carrying costs; buyers relying on rapid disposition should be cautious. Zillow’s June 2026 county median home value was $334,014, up 3.79% year over year. FHFA’s separate 2025 annual repeat-transaction HPI rose 5.57%; it supports direction, but is neither a home value nor the same vintage or method.

02Housing economics

The stated yield is market rent divided by price before costs, not net income. HUD FMR is a payment standard rather than an asking-rent estimate and must not substitute for the published market rent. The effective property-tax rate is 0.48%, making tax a carrying-cost consideration against gross yield; the reported median annual property tax is $1,346, but neither county indicator is a tax bill for a particular acquisition. Insurance, maintenance, vacancy, utilities, financing, and property-specific assessments are not published, preventing a net-yield or debt-service conclusion.

03Demand & competition

Realtor.com’s MLS evidence shows a slower, more negotiable visible listing market: median days on market were 69 and 21.34% of active listings had a price reduction. These are marketing-time and seller-concession signals, not closed-sale prices or proof of buyer demand. Tax-return records show net in-migration, while average income of incoming movers exceeds that of outgoing movers. Non-occupants accounted for 10.61% of purchase mortgages, indicating investor participation without establishing investor control of buyer demand. QCEW records 9,828 annual average covered jobs at county workplaces, up 2.60%; Manufacturing is the largest disclosed private supersector, not the entire economy.

04Risk & next checks

Modeled expected climate loss equals 0.17% of building value per year and is tied to inland flood, so site elevation, flood-zone status, insurance quotes, deductibles, and prior loss history are essential before assigning expenses. No property-level condition, lease rollover, vacancy, operating-cost, closed-sale, or submarket-rent evidence is published. Those gaps prevent underwriting net cash flow, validating an exit value, or determining whether the county rent statistic applies to the target asset. Check tax parcel records and current MLS comparables alongside flood and insurance diligence.

Cities & communities

Where people live within Marshall County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Lewisburg city12.9KCornersville town1.8KChapel Hill town1.7KPetersburg town*508
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

4 Census places

Population
  1. 01
    Lewisburg cityIncorporated place
    12,861
  2. 02
    Cornersville townIncorporated place
    1,847
  3. 03
    Chapel Hill townIncorporated place
    1,712
  4. 04
    Petersburg townIncorporated place · spans 2 counties
    508

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.170% of building value expected lost per year

Effective property tax0.48%

$1,346 median annual bill

02
DemandIRS SOI household flows
Net migration+422

1,324 in · 902 out

Arriving vs leaving income+$5,222

$61,412 arriving · $56,190 leaving

03
CompetitionHMDA financed purchases
Purchases by investors10.6%

57 of 537 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings202▲ 21.0% year over year
Median days on market69▲ 39.2% year over year
Listings price-reduced21.3%seller-concession signal
Median listing pricen/a▲ 5.1% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

Bear case

What can break the county thesis

  1. Flood insurance, site elevation, and loss history may make county-level modeled risk inapplicable or materially higher for a target property.
  2. The county asking-rent statistic may not match a target property's submarket, condition, or lease terms.
  3. MLS supply and seller concessions may not translate into realized sale pricing or exit liquidity.
Underwriting questions

Before pricing a property

Is the reported rent a HUD payment standard?

No. It is published median asking market rent; HUD FMR is a separate payment standard.

Does FHFA provide a county home value?

No. It is a repeat-transaction appreciation index, not a dollar home-value estimate.

What does QCEW employment represent here?

Annual average covered jobs located at workplaces in the county, not resident employment.