Dyersburg, TN Housing Market

Market Overview

Dyersburg’s PropertyIQ score of 49/100 places it in a moderate position. The median home value is $174,855, well below Tennessee’s $334,108, while the rent index of $1,000 is below the state’s $1,122. Median household income is $54,973, also below the state’s $67,097, and the unemployment rate of 3.4% matches the state average. In short, Dyersburg is lower-cost but also lower-income compared with Tennessee benchmarks.

That score reflects mixed price signals. The 12-month home value momentum of 4.65% is positive, but the 3-month momentum is -0.77%, suggesting recent cooling. Median days on market sit at 65, and 16.3% of listings have a price cut. With 110 homes for sale and population growth listed as N/A, the market appears balanced rather than overheated.

Key Trends

One trend is the split between annual and quarterly price momentum. The 12-month home value momentum of 4.65% indicates growth over the past year, but the -0.77% 3-month figure points to a short-term pullback. The listed year-over-year home value change is $30, a modest figure. Together, these data points suggest appreciation is slowing.

Another trend is affordability relative to the state. The median home value of $174,855 is roughly half the state median of $334,108, and rent of $1,000 sits below the state’s $1,122. However, median household income of $54,973 is also below the state’s $67,097, so the lower price and rent levels are partly offset by lower local purchasing power.

A third trend is a measured pace of sales. Homes are taking a median of 65 days to sell, and 16.3% of listings have reported a price cut. With 110 homes for sale, inventory is modest, but the price-cut share and days on market indicate that buyers have some negotiating room.

A fourth trend is employment stability. The local unemployment rate of 3.4% is equal to the state average, which supports housing demand. However, population growth is not available, so the direction of the buyer pool cannot be confirmed from the provided data.

Who Is This Market For

This market is likely suited to first-time buyers and budget-conscious households. The median home value of $174,855 is far below the state average, which can make down payments and monthly costs more manageable for households earning around the local median income of $54,973. The rent index of $1,000 also means that renters may see ownership as a realistic alternative.

Investors focused on lower acquisition costs may also find Dyersburg interesting. The median home value under $175,000 and rent index of $1,000 compare favorably with state benchmarks. That said, the PropertyIQ score of 49, the negative 3-month momentum of -0.77%, and the 16.3% price-cut share suggest that investors should not expect rapid price gains and should underwrite conservatively.

Move-up buyers or those seeking fast appreciation may find the market less attractive. The short-term price momentum is negative, and the share of listings with price cuts means sellers may have limited pricing power right now.

Outlook

Based on the provided data, Dyersburg’s near-term outlook is moderate with a tilt toward flat or slightly soft pricing. The 12-month home value momentum of 4.65% shows underlying annual growth, but the -0.77% 3-month reading and 16.3% price-cut share indicate cooling. A median of 65 days on market suggests a measured sales pace. Stable unemployment of 3.4% should support demand, and affordability relative to Tennessee may attract value-oriented buyers. The missing population growth figure leaves long-term demand uncertain. Overall, the numbers support a moderate market with affordability advantages but limited short-term price momentum.