Renter percentages in Maynardville have generally mirrored the inverse of homeownership rates, ranging from 27% to 34% between 2013 and 2022. Average rent prices have shown considerable volatility during this period. In 2013, the average rent was $613, which decreased to $572 by 2016. However, rent prices then began a sharp upward trajectory, reaching $1,010 by 2022, representing a 65% increase from 2013 to 2022. This trend coincides with the city's population growth from 5,444 in 2013 to 6,074 in 2022, suggesting increased housing demand may have contributed to rising rent prices.

In 2023 and 2024, Maynardville's housing market continued its upward trend. The average home price reached $258,799 in 2023 and further increased to $275,859 in 2024, representing a 15% growth over two years. This occurred despite rising federal interest rates, which reached 5.02% in 2023 and 5.33% in 2024, potentially indicating strong local demand for housing.

Looking ahead, predictive models suggest that Maynardville's housing market will likely continue its growth trajectory over the next five years. Average home prices are projected to increase by approximately 5-7% annually, potentially reaching around $350,000 by 2029. Average rent prices are expected to follow a similar trend, with annual increases of 4-6%, potentially surpassing $1,200 per month by 2029. These projections assume continued population growth and economic stability in the region.

In summary, Maynardville has demonstrated a robust and growing housing market over the past decade. The city has maintained relatively stable homeownership rates while experiencing significant increases in both average home prices and rent. The resilience of the market, even in the face of rising interest rates, suggests a strong local economy and continued demand for housing in this Tennessee city. As Maynardville continues to grow, it will be important for local policymakers and developers to ensure that housing remains accessible to both homeowners and renters alike.