Rutledge, TN housing market
The typical Rutledge home is worth about $281,000, up 8.7% in a year, 16% below the Tennessee typical home.
Home values, sales, trends and how Rutledge compares with the towns next door — updated as new data is published.
Rutledge at a glance
Only 1 sale 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
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| January | Rutledge | Tennessee |
|---|---|---|
| 2017 | $139,000 | $174,000 |
| 2018 | $145,000 | $187,000 |
| 2019 | $156,000 | $198,000 |
| 2020 | $176,000 | $215,000 |
| 2021 | $196,000 | $238,000 |
| 2022 | $233,000 | $287,000 |
| 2023 | $227,000 | $313,000 |
| 2024 | $245,000 | $326,000 |
| 2025 | $266,000 | $334,000 |
| 2026 | $267,000 | $333,000 |
| August 2026 | $281,000 | $334,000 |
No new homes permitted in 2022
No permits for new homes were issued in Rutledge in 2022. The last year with any was 2014 (14 new homes).
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 14 | 14 | 0 | $2.4 million |
| 2013 | 17 | 17 | 0 | $3.1 million |
Rutledge's permit office didn't report to the Census in 2022, so the 2022 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
5.6 years of income
The typical Rutledge home costs about 5.6 years of the town's median household income, more than across Tennessee (4.8 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $930
HUD's Fair Market Rent for a two-bedroom in Rutledge is $930 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Rutledge pay a median of $626, so moving in tends to cost more than staying put. A two-bedroom takes about 22% of the town's median household income.
Studio $700 · 4 bedrooms $1,220
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (37861; Grainger County, TN HUD Metro FMR Area), 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.