Analysis: Home affordability in Wilson County tanks

Wilson County had the lowest home affordability index in Tennessee in the third quarter, according to an analysis of 440 counties by ATTOM Data Solutions.

The county scored a 74 in home affordability in the analysis, which concluded that home affordability around the country has been decreasing. The counties studied had populations of at least 100,000 and had 100 or more third-quarter home sales.

A median-value home in Wilson County costs $277,250.

The report determines the affordability number based on the household income needed to purchase a median-priced home in the county compared to historical data. An index under 100 indicates affordability is decreasing.

The county’s affordability index declined 8 percent over the same period in 2017.

“The continued slowdown in the rate of home price appreciation nationwide and in many local markets is a rational response to worsening home affordability — which has deteriorated at an accelerated pace this year due to rising mortgage rates,” said Daren Blomquist, senior vice president at ATTOM Data Solutions.


Tennessee counties with lowest home affordability indexes

CountyQ3 2018 Median Sales PriceQ3 2017 Affordability IndexQ3 2018 Affordability IndexYoY % Change In Affordability Index
Wilson$277,250 8074-8%
Rutherford$227,500 8774-15%
Sumner$243,250 8775-14%
Davidson$265,000 8276-7%
Blount$182,000 9278-15%
Shelby$153,500 9083-8%
Williamson$455,000 9785-12%
Bradley$145,000 9887-11%
Sullivan$125,000 9887-11%
Knox$185,000 10592-12%
Hamilton$175,000 9994-5%
Montgomery$160,000 10594-10%
Washington$129,700 1021108%
Source: ATTOM Data Solutions

Want to get notified whenever we write about ATTOM Data Solutions ?

Sign-up Next time we write about ATTOM Data Solutions, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

ATTOM Data Solutions

More News

Metro Business Network