Market insights · Tennessee
Fayette County, TN: growth, migration and housing
Fayette County has 45,071 residents, up 7.7% since 2020 (+1.2% in the last year). In 2022–2023, 1,596 households moved in and 1,251 moved out (+345 net), bringing in a net $38.6M of income. Median household income is $88,456, the median home $340,800 and median rent $902 a month.
In Tennessee: 26th of 95 counties for 5-year population growth · 20th of 95 counties for net in-migration (per resident) · 5th of 95 counties for median household income · 8th of 95 counties for median home value.
Where new residents came from
Top counties by households (tax returns) moving to Fayette County, 2022–2023 (IRS).
| From | Households (tax returns) | Their income (AGI) |
|---|---|---|
| Shelby County, TN | 913 | $76.7M |
| DeSoto County, MS | 73 | $4.4M |
| Hardeman County, TN | 52 | $2.8M |
| Tipton County, TN | 41 | $2.1M |
| Haywood County, TN | 24 | $1.0M |
| Madison County, TN | 23 | $2.1M |
Where leavers went
Top counties by households leaving Fayette County, 2022–2023 (IRS).
| To | Households (tax returns) | Their income (AGI) |
|---|---|---|
| Shelby County, TN | 549 | $37.4M |
| Hardeman County, TN | 67 | $3.3M |
| DeSoto County, MS | 58 | $3.3M |
| Tipton County, TN | 40 | $2.3M |
| Marshall County, MS | 24 | $2.6M |
| Madison County, TN | 24 | $1.6M |
| Haywood County, TN | 21 | $0.8M |
BizyFi in Fayette County
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Sources: U.S. Census Bureau population estimates (vintage 2025), American Community Survey 5-year (2024), and IRS Statistics of Income county-to-county migration data (2022–2023). Migration counts are tax returns (roughly households) moving between U.S. counties; the IRS suppresses very small flows. Growth rates, per-1,000 figures, rent share and state ranks are BizyFi calculations. Data updated 2026-10-17. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.