RentData

Average Rent in Kingsport, TN↑ Rents rising 4.5% YoY

HUD FY2027 · Official government data · Updated annually · Metro pop. 309,580

Data review: HUD FY2027Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Kingsport, TN has rental prices ranging from $760/month to $1,465/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $845/month — 40% below the national average of $1,400/month. With a median household income of $55,948/year, spending $845/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 $1,091/month, Kingsport ranks #15 most expensive of the 74 cities tracked in Tennessee — pricier than 63% 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 $47/month (4.5%) over the past year, from $1,044 to $1,091. This modest growth is consistent with broader inflationary trends seen across US rental markets.

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 $33,800. The local median household income of $55,948 exceeds that threshold by $22,148, making Kingsport relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Kingsport, TN is $253,302, giving a price-to-rent ratio of 19.3. With a break-even horizon of approximately 19 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Fair Market Rents

HUD FY2027
Studio
$760
Affordable
1 Bedroom
$845
Affordable
2 Bedrooms
$1,091
↑4.5% YoY
Affordable
3 Bedrooms
$1,375
Affordable
4 Bedrooms
$1,465
Average
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Median Home Value
$253,302
Source: Zillow ZHVI
Est. monthly payment
$1,348/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
$43,640/year
Local median income: $55,948
To buy a median home
$53,927/year
US national median: $75,000
💡 Based on a 2BR rent of $1,091/month and 20% down on a $253,302 home at 7% rate.

Nearby Cities in TNlargest metros in the state

CityStudio1BR2BR3BRHome Value
Nashville$1,585$1,650$1,798$2,309—
Grainger County$481$575$689$924—
Grainger County$756$761$995$1,378—
Knoxville$1,171$1,178$1,475$1,844—
Stewart County$693$812$995$1,378—
Johnson City$942$948$1,211$1,461—

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
$253,302
2BR Rent
$1,091/mo
Mortgage Rate
7%
Monthly P&I
$1,348/mo
🏠 Buy

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

Total monthly buy cost: $1,865/movs rent: $1,091/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 $253,302 home at 7% rate

20% — $50,660
3%50%
Estimated Monthly Payment
$1,348
per month · 30 years · 7% APR
Loan Amount
$202,642
Total Paid
$485,345
Total Interest
$282,703
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Kingsport

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Frequently Asked Questions

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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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⚖️Compare Kingsport

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📋TN Tenant Rights

Deposit limits, eviction laws & renters protections