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Carter County, TN

RANK #466 / 996  ·  POP 56,315  ·  TN

PROJECTED GROWTH: +0.9%

Carter County sits in the middle of the pack — stable but not accelerating.

[01] Why Carter County?

Carter County, Tennessee, is distinguished by its deep historical roots and stunning Appalachian scenery. Located in the state's northeast corner, with Elizabethton as its county seat, it sits about an hour from Asheville, North Carolina, and 40 minutes from Bristol. The community offers a relaxed pace of life, with most residents owning their homes. Outdoor recreation is a major draw, featuring Roan Mountain State Park, known for its rhododendron gardens and Appalachian Trail access, along with opportunities for hiking, fishing, and kayaking on the Doe and Watauga Rivers. The historic Elizabethton Covered Bridge, dating to 1882, is a local landmark. Life in Carter County often appeals to those seeking a quieter lifestyle with access to nature. Public transportation is available through NET Trans, serving an eight-county region. The local economy is supported by manufacturing, healthcare, and retail, with companies like Snap-on expanding operations in Elizabethton. The county also emphasizes workforce development, collaborating with local schools and higher education institutions like Milligan University and Tennessee College of Applied Technology-Elizabethton.

[02] Market Snapshot

Housing Ratio
6.9x

Above national median (4.7x)

GDP Growth
+4.4%

Well above national median

Home Prices
-1.1%

Prices declining

Climate & Terrain
2.9

Moderate climate & terrain

Price/Rent
17x

Above national median (13x)

Housing is fairly valued at 6.9x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Carter County U.S. National

The Numbers

DEMOGRAPHICS
Population
56,315
0.0% YoY
Median Household Income
$47,994
Median Home Value
$145,000
-1.09% 12mo
Median Rent
$727
Average Annual Pay
$47,576
+6.7% YoY
Employment
12,025
+1.6% YoY
Income-to-Home-Value
0.331
More affordable than average
Migration Inflow
3.42%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$238,700
Days on Market
89
Slower market
Months of Supply
4.4
Balanced market
Sale-to-List Ratio
97.0%
Negotiation room for buyers
Sold Above List
16.7%
Listings w/ Price Drops
30.8%
Building Permits (2024)
177
Single-Family Permits
169

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

[05] Capital Investment

$44M
TOTAL
PROJECT AMOUNT STATUS
Snap-on Manufacturing Expansion
Snap-on Incorporated
$44M Under Construction

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

[06] Score Breakdown

GDP Growth +4.4% 78 percentile
Population Growth 0.0% 30 percentile
Income Growth +8.4% 47 percentile
Vacancy Rate 0.9% 67 percentile
Home Price Change -1.1% 21 percentile
Price/Rent 17x 22 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Carter County has a Boom Town Index score of 53/100, ranking #466 among 996 U.S. counties. With job growth at +1.6% and a median household income of $47,994, it's an above-average county on economic indicators.

Is Carter County affordable?

The median home value in Carter County is $145,000 with median rent at $727/month. The income-to-home-value ratio is 0.331, which is more affordable than the national average.

Is Carter County growing or shrinking?

Population growth: 0.0% year-over-year. Job growth: +1.6%. Home values changed -1.1% in the past 12 months.

Are people moving to Carter County?

Yes — 3.42% of Carter County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Wilkes County, NC 63 San Francisco County, CA 63 Union County, NJ 63 Carbon County, PA 63 Natrona County, WY 63 Washington County, MD 63 Hunterdon County, NJ 63 Bucks County, PA 63