Parrottsville, TN
Population 349 · Tennessee
About Parrottsville, TN
Parrottsville is a small community located in Tennessee with a population of 349 residents according to the latest US Census Bureau American Community Survey data. The median household income is $49,438 per year, which is 34% below the national median of $75,149. The median age of 44.6 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Parrottsville features a median home value of $121,600, which is 50% below the national median of $244,900. This makes Parrottsville one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $800, 31% below the national average of $1,163/month. Of the 155 total housing units, 50% are owner-occupied (73 units) and 50% are renter-occupied (74 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Parrottsville shows an unemployment rate of 5.3%, which is near the national rate of 3.7%. The poverty rate stands at 27.1%, above the national average of 12.4%. Workers in Parrottsville have an average one-way commute time of 24.4 minutes.
Education & Demographics
19.4% of Parrottsville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 1.4% White, 2.3% Hispanic or Latino, 0.0% Black or African American, and 1.1% Asian residents, with 2.0% of the population being foreign-born.
Cost of Living in Parrottsville, TN
Compared to national averages, Parrottsville has a median household income of $49,438 (34% below the national median of $75,149). Home values average $121,600, which is 50% below the national median. Monthly rent at $800 is 31% below the US average of $1,163. Within Tennessee, Parrottsville's income is 21% below the state average of $62,849, and home values are 43% below the state median of $214,371.
Why Live in Parrottsville, TN?
Parrottsville offers affordable housing with a median home value of $121,600, below the US average of $244,900, and rent that’s lower than the national average at $800/month, and short commute times averaging just 24.4 minutes.
Potential considerations include median household income ($49,438) that falls below the national average. However, Parrottsville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Parrottsville has a population of 349 with a median age of 44.6 years. Compare Parrottsville with other cities to see how it stacks up, or explore all cities in Tennessee.
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Demographics
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Economy & Education
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Other Cities in Tennessee
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Parrottsville
What is the population of Parrottsville, TN?
The population of Parrottsville, TN is 349 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Tennessee.
What is the median household income in Parrottsville?
The median household income in Parrottsville, TN is $49,438 per year, which is 34% below the national median of $75,149.
What is the median home value in Parrottsville?
The median home value in Parrottsville, TN is $121,600, which is 50% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Parrottsville?
The median monthly rent in Parrottsville, TN is $800, which is 31% below the national average of $1,163/month.
What is the unemployment rate in Parrottsville?
The unemployment rate in Parrottsville, TN is 5.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Parrottsville, TN a good place to live?
Parrottsville offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 349 and a median age of 44.6, the city appeals to a broad range of residents.
How educated is Parrottsville, TN?
19.4% of residents in Parrottsville aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Parrottsville?
Key cost-of-living indicators for Parrottsville, TN: median home value is $121,600 (50% below national), median rent is $800/month, and median household income is $49,438. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Parrottsville?
The poverty rate in Parrottsville, TN is 27.1%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Parrottsville, TN?
Parrottsville's population is 1.4% White, 2.3% Hispanic or Latino, 0.0% Black or African American, 1.1% Asian, and 1.7% two or more races. 2.0% of residents are foreign-born.