McMinnville, TN—37110
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — McMinnville, TN
As of Oct '25, the median home price in McMinnville, TN is $245,000, with a year-over-year change of 0.4%. This indicates that home prices in McMinnville, TN are flat. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $245,000 | 0.4% |
| Single Family | $244,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $183,000 | 2.8% |
3 Bed | $279,000 | 2.2% |
4 Bed | $361,000 | 2.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — McMinnville, TN
As of July '25, Rentcast reports the average rent in McMinnville, TN is $897, with a year-over-year rent change of 3.7%. Per bedroom, the median rent as of July '25 in McMinnville, TN is 1-bedrooms: $690, 2-bedrooms: $803, 3-bedrooms: $1,430. The most common rental property sizes in McMinnville, TN are 2-bedroom and 3-bedroom, accounting for 44.3% and 32.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $725 | $897 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $649 | $690 |
| 2 Bed Rent | $725 | $803 |
| 3 Bed Rent | $1,600 | $1,430 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — McMinnville, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in McMinnville, TN is 69. This is a increase of 18.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $304,000 | -4.0% |
Listing Count | 218 | 11.0% |
| Listings as % of Homes | 1.0% | 11.0% |
Days on Market | 69 | 18.0% |
Demographics — McMinnville, TN
As of the latest ACS Survey released in 2023, McMinnville, TN has a population of 33,800, which has increased by 1.7% over the past 5 years. McMinnville, TN is a moderately popular place for families, as children make up 22.5% of the population. The area has a poorly educated workforce, with 14.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,800 | 1.7% |
% Under 18 | 22.5% | -4.3% |
% Seniors | 18.7% | 3.3% |
% WFH | 5.8% | 45.0% |
% w/ College Degree | 14.9% | 3.5% |
As of the latest ACS Survey released in 2023, McMinnville, TN is a predominantly white area, with 83.7% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in McMinnville, TN is hispanic, making up 10.5% of the population. Foreign-born residents account for 5.3% of the population in McMinnville, TN, and this percentage has increased by 3.9% 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 | 83.7% | -2.9% |
% Black | 2.5% | 56.2% |
% Hispanic | 10.5% | 25.0% |
% Asian | 0.7% | 16.7% |
% Foreign Born | 5.3% | 3.9% |
Mortgage and Risk — McMinnville, TN
According to HUD data as of 2023, there were 581 mortgage originations in McMinnville, TN, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in McMinnville, TN. Investor activity is low, as 7.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 581 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — McMinnville, TN
McMinnville, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 677 |
Total Units Section 8 | 664 |
% Rentals under Section 8 | 16.7% |
% Occupied Section 8 | 89.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $161 | $649 | $810 |
| 2 Bedroom | $205 | $725 | $930 |
| 3 Bedroom | -$430 | $1,600 | $1,170 |
| 4 Bedroom | N/A | N/A | $1,450 |
Affordability — McMinnville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $245,000 |
| Median Household Income | $53,100 |