Thompsons Station, TN—37179
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Thompsons Station, TN
As of Oct '25, the median home price in Thompsons Station, TN is $725,000, with a year-over-year change of 0.7%. This indicates that home prices in Thompsons Station, TN are flat. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $725,000 | 0.7% |
| Single Family | $732,000 | 1.1% |
| Condos | $357,000 | -3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $335,000 | -3.5% |
3 Bed | $547,000 | 0.2% |
4 Bed | $827,000 | 1.2% |
| 5 Bed | $1,201,000 | 1.1% |
% of Housing Stock
Rental Trends — Thompsons Station, TN
As of July '25, Rentcast reports the average rent in Thompsons Station, TN is $3,000, with a year-over-year rent change of 1.7%. Per bedroom, the median rent as of July '25 in Thompsons Station, TN is 1-bedrooms: $1,530, 2-bedrooms: $2,660, 3-bedrooms: $2,670, 4-bedrooms: $3,560. The most common rental property sizes in Thompsons Station, TN are 3-bedroom and 1-bedroom, accounting for 41.4% and 26.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,780 | $3,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,490 | $1,530 |
| 2 Bed Rent | $1,850 | $2,660 |
| 3 Bed Rent | $2,570 | $2,670 |
| 4 Bed Rent | $3,500 | $3,560 |
% of Rental Stock
Property Listings — Thompsons Station, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Thompsons Station, TN is 44. This is a increase of 2.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $774,000 | -24.0% |
Listing Count | 204 | 20.0% |
| Listings as % of Homes | 2.0% | 20.0% |
Days on Market | 44 | 2.0% |
Demographics — Thompsons Station, TN
As of the latest ACS Survey released in 2023, Thompsons Station, TN has a population of 17,400, which has increased by 10.6% over the past 5 years. Thompsons Station, TN is a popular place for families, as children make up 30.9% of the population. The area has a highly educated workforce, with 55.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,400 | 10.6% |
% Under 18 | 30.9% | -1.3% |
% Seniors | 12.0% | 13.2% |
% WFH | 23.9% | 177.9% |
% w/ College Degree | 55.9% | 12.9% |
As of the latest ACS Survey released in 2023, Thompsons Station, TN is a predominantly white area, with 85.6% of the population identifying as white. The white population has shrunk by 9.0% in the last 5 years. The second most common race or ethnicity in Thompsons Station, TN is hispanic, making up 4.8% of the population. Foreign-born residents account for 3.5% of the population in Thompsons Station, TN, and this percentage has increased by 12.9% 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 | 85.6% | -9.0% |
% Black | 1.0% | 100.0% |
% Hispanic | 4.8% | 17.1% |
% Asian | 2.1% | ∞% |
% Foreign Born | 3.5% | 12.9% |
Mortgage and Risk — Thompsons Station, TN
According to HUD data as of 2023, there were 433 mortgage originations in Thompsons Station, TN, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Thompsons Station, TN. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 433 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Thompsons Station, TN
As of 2024, the percent of homes in Thompsons Station, TN under the Section 8 program is 0.1%. 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. In Thompsons Station, TN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $950 | $1,490 | $2,440 |
| 2 Bedroom | $850 | $1,850 | $2,700 |
| 3 Bedroom | $840 | $2,570 | $3,410 |
| 4 Bedroom | $700 | $3,500 | $4,200 |
Affordability — Thompsons Station, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $725,000 |
| Median Household Income | $125,000 |