Algood, TN housing market
The typical Algood home is worth about $280,000, up 0.6% in a year, 16% below the Tennessee typical home.
Home values, sales, trends and how Algood compares with the towns next door — updated as new data is published.
Algood at a glance
Only 3 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Algood | Tennessee |
|---|---|---|
| 2017 | $144,000 | $174,000 |
| 2018 | $153,000 | $187,000 |
| 2019 | $161,000 | $198,000 |
| 2020 | $178,000 | $215,000 |
| 2021 | $195,000 | $238,000 |
| 2022 | $243,000 | $287,000 |
| 2023 | $263,000 | $313,000 |
| 2024 | $273,000 | $326,000 |
| 2025 | $275,000 | $334,000 |
| 2026 | $278,000 | $333,000 |
| August 2026 | $280,000 | $334,000 |
No new homes permitted in 2025
No permits for new homes were issued in Algood in 2025. The last year with any was 2024 (24 new homes).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Algood gained 468 residents while 496 new homes were permitted: about 0.9 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. Across Tennessee: 2 new residents per new home.
How Algood ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 24 | 0 | 24 | $4.3 million |
| 2023 | 1 | 1 | 0 | $221,000 |
| 2022 | 76 | 12 | 64 | $14.5 million |
| 2021 | 3 | 3 | 0 | $750,000 |
| 2020 | 2 | 2 | 0 | $423,000 |
| 2019 | 47 | 11 | 36 | $7 million |
| 2018 | 13 | 11 | 2 | $1.9 million |
| 2017 | 23 | 23 | 0 | $3 million |
| 2016 | 80 | 16 | 64 | $9.3 million |
| 2015 | 210 | 12 | 198 | $23.8 million |
| 2014 | 72 | 10 | 62 | $4.8 million |
| 2013 | 14 | 8 | 6 | $1.1 million |
| 2012 | 22 | 12 | 10 | $2.2 million |
| 2011 | 6 | 6 | 0 | $672,000 |
| 2010 | 9 | 9 | 0 | $1.1 million |
| 2009 | 21 | 15 | 6 | $1.9 million |
| 2008 | 21 | 17 | 4 | $2 million |
| 2007 | 26 | 22 | 4 | $3.8 million |
| 2006 | 26 | 22 | 4 | $2.2 million |
| 2005 | 25 | 19 | 6 | $2.6 million |
| 2004 | 60 | 56 | 4 | $8.7 million |
| 2003 | 42 | 40 | 2 | $4.5 million |
| 2002 | 9 | 7 | 2 | $735,000 |
| 2001 | 5 | 5 | 0 | $345,000 |
| 2000 | 18 | 12 | 6 | $1.3 million |
How Algood ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Algood and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Algood | $280K | +0.6% | $1,150 | 0 | $42,359 |
| Cookeville | $322K | +1.7% | $1,090 | 321 | $51,375 |
6.6 years of income
The typical Algood home costs about 6.6 years of the town's median household income, more than across Tennessee (4.8 years).
How Algood ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,150
HUD's Fair Market Rent for a two-bedroom in Algood is $1,150 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Algood pay a median of $817, so moving in tends to cost more than staying put. A two-bedroom takes about 33% of the town's median household income, above the 30% guideline for affordable housing.
Studio $860 · 4 bedrooms $1,730
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (38506; Jackson County, TN), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.