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Gallatin, TN—37066

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$435,000
0.4% YoY Growth
Household Income
$78,000
29.9% YoY Growth
Days on Market
56
17.0% Longer YoY
Home Price Forecast
1.7%
Median Rent
$2,100
2.5% YoY Growth
1-Bed Rent
$1,290
19.4% YoY Growth
2-Bed Rent
$1,300
2.1% YoY Growth
3-Bed Rent
$2,150
2.8% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Gallatin, TN

As of Dec '25, the median home price in Gallatin, TN is $435,000, with a year-over-year change of 0.4%. This indicates that home prices in Gallatin, TN are flat. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$435,0000.4%
Single Family $440,0000.7%
Condos $349,0000.9%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$347,0000.0%
    3 Bed
    		$407,0000.0%
    4 Bed
    		$614,0001.5%
    5 Bed $852,5522.8%
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    % of Housing Stock

    Studio
    2.4%
    1 Bedroom
    7.7%
    2 Bedrooms
    22.5%
    3 Bedrooms
    46.8%
    4 Bedrooms
    17.7%
    5+ Bedrooms
    3.0%

    Rental Trends — Gallatin, TN

    As of July '25, Rentcast reports the average rent in Gallatin, TN is $2,060, with a year-over-year rent change of 2.5%. Per bedroom, the median rent as of July '25 in Gallatin, TN is studios: $895, 1-bedrooms: $1,290, 2-bedrooms: $1,450, 3-bedrooms: $2,240, 4-bedrooms: $2,780. The most common rental property sizes in Gallatin, TN are 2-bedroom and 3-bedroom, accounting for 40.4% and 30.0% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,100$2,060
    Studio Rent $895$895
    1 Bed Rent $1,290$1,290
    2 Bed Rent $1,300$1,450
    3 Bed Rent $2,150$2,240
    4 Bed Rent $2,560$2,780
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    % of Rental Stock

    Studio
    5.8%
    1 Bedroom
    20.3%
    2 Bedrooms
    40.4%
    3 Bedrooms
    30.0%
    4 Bedrooms
    3.2%
    5+ Bedrooms
    0.3%

    Property Listings — Gallatin, TN

    As of Dec '25, Realtor.com reports that the median days on market for a home in Gallatin, TN is 65. This is a increase of 14.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$469,0002.0%
    Listing Count
    		5656.0%
    Listings as % of Homes1.2%6.0%
    Days on Market
    		5617.0%
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    Demographics — Gallatin, TN

    As of the latest ACS Survey released in 2023, Gallatin, TN has a population of 62,400, which has increased by 24.0% over the past 5 years. Gallatin, TN is a moderately popular place for families, as children make up 23.2% of the population. The area has a moderately educated workforce, with 33.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		62,40024.0%
    % Under 18
    		23.2%-1.7%
    % Seniors
    		17.8%9.2%
    % WFH
    		14.0%105.9%
    % w/ College Degree
    		33.5%24.5%
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    As of the latest ACS Survey released in 2023, Gallatin, TN is a predominantly white area, with 69.1% of the population identifying as white. The white population has shrunk by 9.3% in the last 5 years. The second most common race or ethnicity in Gallatin, TN is black, making up 14.8% of the population. Foreign-born residents account for 5.6% of the population in Gallatin, TN, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		69.1%-9.3%
    % Black
    		14.8%24.4%
    % Hispanic
    		10.8%45.9%
    % Asian
    		1.5%-16.7%
    % Foreign Born
    		5.6%0.0%
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    Mortgage and Risk — Gallatin, TN

    According to HUD data as of 2023, there were 1760 mortgage originations in Gallatin, TN, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Gallatin, TN. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		1,760
    % Conventional Loans
    		76.0%
    % Government Loans
    		24.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Gallatin, TN

    As of 2024, the percent of homes in Gallatin, TN under the Section 8 program is 11.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Gallatin, TN, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		1,398
    Total Units Section 8
    		1,004
    % Rentals under Section 8
    		11.9%
    % Occupied Section 8
    		86.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$100$1,290$1,390
    2 Bedroom$240$1,300$1,540
    3 Bedroom-$200$2,150$1,950
    4 Bedroom-$170$2,560$2,390

    Affordability — Gallatin, TN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.6
    Median Home Price$435,000
    Median Household Income$78,000

    Gallatin, TN — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Castalian Springs, TN

    37031

    Hendersonville, TN

    37075

    Walnut Grove, TN

    37048

    Bethpage, TN

    37022

    Portland, TN

    37148

    Frequently Asked Questions