Burns, TN—37029
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Burns, TN
As of Oct '25, the median home price in Burns, TN is $435,000, with a year-over-year change of 3.3%. This indicates that home prices in Burns, TN are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $435,000 | 3.3% |
| Single Family | $435,000 | 3.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $432,000 | 2.6% |
4 Bed | $560,000 | 3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Burns, TN
As of July '25, Rentcast reports the average rent in Burns, TN is $1,880, with a year-over-year rent change of -6.9%. Per bedroom, the median rent as of July '25 in Burns, TN is 2-bedrooms: $1,800, 3-bedrooms: $2,090. The most common rental property sizes in Burns, TN are 2-bedroom and 3-bedroom, accounting for 51.6% and 32.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,880 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,800 | $1,800 |
| 3 Bed Rent | $1,900 | $2,090 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Burns, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Burns, TN is 69. This is a increase of 47.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $495,000 | -18.0% |
Listing Count | 44 | 12.0% |
| Listings as % of Homes | 1.3% | 12.0% |
Days on Market | 69 | 47.0% |
Demographics — Burns, TN
As of the latest ACS Survey released in 2023, Burns, TN has a population of 6,740, which has decreased by -2.7% over the past 5 years. Burns, TN is a moderately popular place for families, as children make up 22.1% of the population. The area has a moderately educated workforce, with 32.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,740 | -2.7% |
% Under 18 | 22.1% | -1.3% |
% Seniors | 15.1% | -21.8% |
% WFH | 8.4% | 110.0% |
% w/ College Degree | 32.0% | 43.5% |
As of the latest ACS Survey released in 2023, Burns, TN is a predominantly white area, with 88.7% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Burns, TN is hispanic, making up 5.9% of the population. Foreign-born residents account for 2.6% of the population in Burns, TN, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.7% | -6.2% |
% Black | 1.3% | 30.0% |
% Hispanic | 5.9% | 96.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 2.6% | 0.0% |
Mortgage and Risk — Burns, TN
According to HUD data as of 2023, there were 317 mortgage originations in Burns, TN, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Burns, TN. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 317 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Burns, TN
Burns, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 50 |
Total Units Section 8 | 51 |
% Rentals under Section 8 | 16.3% |
% Occupied Section 8 | 51.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,300 |
| 2 Bedroom | -$340 | $1,800 | $1,460 |
| 3 Bedroom | -$60 | $1,900 | $1,840 |
| 4 Bedroom | N/A | N/A | $2,240 |
Affordability — Burns, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $435,000 |
| Median Household Income | $91,600 |