College Grove, TN—37046
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — College Grove, TN
As of Oct '25, the median home price in College Grove, TN is $1,198,000, with a year-over-year change of 3.1%. This indicates that home prices in College Grove, TN are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,198,000 | 3.1% |
| Single Family | $1,197,000 | 3.2% |
| 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 | $861,000 | 3.0% |
4 Bed | $1,383,000 | 3.4% |
| 5 Bed | $1,680,000 | 1.6% |
% of Housing Stock
Rental Trends — College Grove, TN
As of July '25, Rentcast reports the average rent in College Grove, TN is $5,090, with a year-over-year rent change of -0.2%. Per bedroom, the median rent as of July '25 in College Grove, TN is 3-bedrooms: $2,800, 4-bedrooms: $5,000. The most common rental property sizes in College Grove, TN are 3-bedroom and 4-bedroom, accounting for 54.5% and 27.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,950 | $5,090 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,350 | $2,800 |
| 4 Bed Rent | $5,000 | $5,000 |
% of Rental Stock
Property Listings — College Grove, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in College Grove, TN is 74. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $2,970,000 | -2.0% |
Listing Count | 183 | 47.0% |
| Listings as % of Homes | 2.7% | 47.0% |
Days on Market | 74 | -1.0% |
Demographics — College Grove, TN
As of the latest ACS Survey released in 2023, College Grove, TN has a population of 6,630, which has increased by 30.1% over the past 5 years. College Grove, TN is a popular place for families, as children make up 26.2% of the population. The area has a highly educated workforce, with 61.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,630 | 30.1% |
% Under 18 | 26.2% | -0.8% |
% Seniors | 15.1% | 3.4% |
% WFH | 24.9% | 295.2% |
% w/ College Degree | 61.0% | 47.7% |
As of the latest ACS Survey released in 2023, College Grove, TN is a predominantly white area, with 91.0% of the population identifying as white. The white population has grown by 0.6% in the last 5 years. The second most common race or ethnicity in College Grove, TN is hispanic, making up 3.4% of the population. Foreign-born residents account for 2.8% of the population in College Grove, TN, and this percentage has increased by 86.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.0% | 0.6% |
% Black | 0.0% | -100.0% |
% Hispanic | 3.4% | 17.2% |
% Asian | 2.1% | ∞% |
% Foreign Born | 2.8% | 86.7% |
Mortgage and Risk — College Grove, TN
According to HUD data as of 2023, there were 352 mortgage originations in College Grove, TN, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 42.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in College Grove, TN. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 352 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — College Grove, TN
College Grove, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,770 |
| 2 Bedroom | N/A | N/A | $2,000 |
| 3 Bedroom | $200 | $2,350 | $2,550 |
| 4 Bedroom | -$1,970 | $5,000 | $3,030 |
Affordability — College Grove, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.9 |
| Median Home Price | $1,198,000 |
| Median Household Income | $163,000 |