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Wartrace, TN—37183

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$400,000
2.9% YoY Growth
Household Income
$71,600
24.1% YoY Growth
Days on Market
63
1.0% Shorter YoY
Home Price Forecast
1.7%
Median Rent
N/A
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Wartrace, TN

As of May '26, the median home price in Wartrace, TN is $400,000, with a year-over-year change of 2.9%. This indicates that home prices in Wartrace, TN are increasing. 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
$400,0002.9%
Single Family $400,0003.4%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$390,0000.8%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    14.2%
    2 Bedrooms
    14.2%
    3 Bedrooms
    42.6%
    4 Bedrooms
    22.3%
    5+ Bedrooms
    6.7%

    Rental Trends — Wartrace, TN

    Wartrace, TN lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    32.0%
    2 Bedrooms
    26.2%
    3 Bedrooms
    27.0%
    4 Bedrooms
    14.8%

    Property Listings — Wartrace, TN

    As of May '26, Realtor.com reports that the median days on market for a home in Wartrace, TN is 63. 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$745,00074.0%
    Listing Count
    		2616.0%
    Listings as % of Homes0.8%16.0%
    Days on Market
    		63-1.0%
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    Demographics — Wartrace, TN

    As of the latest ACS Survey released in 2023, Wartrace, TN has a population of 3,210, which has increased by 2.9% over the past 5 years. Wartrace, TN is a moderately popular place for families, as children make up 18.0% of the population. The area has a poorly educated workforce, with 22.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		3,2102.9%
    % Under 18
    		18.0%-23.4%
    % Seniors
    		21.1%24.1%
    % WFH
    		6.1%13.0%
    % w/ College Degree
    		22.8%-5.4%
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    As of the latest ACS Survey released in 2023, Wartrace, TN is a predominantly white area, with 92.4% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Wartrace, TN is black, making up 3.1% of the population. Foreign-born residents account for 1.8% of the population in Wartrace, TN, and this percentage has decreased by 5.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		92.4%-0.6%
    % Black
    		3.1%0.0%
    % Hispanic
    		2.0%-23.1%
    % Asian
    		0.8%∞%
    % Foreign Born
    		1.8%-5.3%
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    Mortgage and Risk — Wartrace, TN

    According to HUD data as of 2023, there were 68 mortgage originations in Wartrace, TN, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Wartrace, TN. Investor activity is low, as 1.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		68
    % Conventional Loans
    		78.0%
    % Government Loans
    		22.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		22.0%
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    Rentals and Section 8 — Wartrace, TN

    Wartrace, TN lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		3
    Total Units Section 8
    		3
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$840
    2 BedroomN/AN/A$960
    3 BedroomN/AN/A$1,270
    4 BedroomN/AN/A$1,370

    Affordability — Wartrace, TN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.7
    Median Home Price$400,000
    Median Household Income$71,600

    Wartrace, TN — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Normandy, TN

    37360

    Bell Buckle, TN

    37020

    Beechgrove, TN

    37018

    Shelbyville, TN

    37160

    Tullahoma, TN

    37388

    Frequently Asked Questions