Benton, TN—37307
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Benton, TN
As of Oct '25, the median home price in Benton, TN is $250,000, with a year-over-year change of -0.8%. This indicates that home prices in Benton, TN are flat. According to Zillow, the 1-year price projection is 3.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $250,000 | -0.8% |
| Single Family | $250,000 | -0.8% |
| 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 | $293,000 | 2.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Benton, TN
As of July '25, Rentcast reports the average rent in Benton, TN is $1,900, with a year-over-year rent change of -24.0%. Per bedroom, the median rent as of July '25 in Benton, TN is 3-bedrooms: $1,900. The most common rental property sizes in Benton, TN are 2-bedroom and 3-bedroom, accounting for 37.1% and 30.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,900 | $1,900 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Benton, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Benton, TN is 40. This is a decrease of -30.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $373,000 | -4.0% |
Listing Count | 27 | -11.0% |
| Listings as % of Homes | 0.6% | -11.0% |
Days on Market | 40 | -30.0% |
Demographics — Benton, TN
As of the latest ACS Survey released in 2023, Benton, TN has a population of 5,340, which has increased by 11.3% over the past 5 years. Benton, TN is a moderately popular place for families, as children make up 19.2% of the population. The area has a poorly educated workforce, with 12.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,340 | 11.3% |
% Under 18 | 19.2% | -2.5% |
% Seniors | 14.6% | -20.7% |
% WFH | 9.4% | 1,242.9% |
% w/ College Degree | 12.2% | -19.7% |
As of the latest ACS Survey released in 2023, Benton, TN is a predominantly white area, with 85.8% of the population identifying as white. The white population has shrunk by 11.5% in the last 5 years. The second most common race or ethnicity in Benton, TN is hispanic, making up 3.3% of the population. Foreign-born residents account for 0.8% of the population in Benton, TN, and this percentage has increased by 33.3% 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 | 85.8% | -11.5% |
% Black | 0.8% | 100.0% |
% Hispanic | 3.3% | 266.7% |
% Asian | 0.1% | ∞% |
% Foreign Born | 0.8% | 33.3% |
Mortgage and Risk — Benton, TN
According to HUD data as of 2023, there were 106 mortgage originations in Benton, TN, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Benton, TN. Investor activity is low, as 2.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 106 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Benton, TN
Benton, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 45 |
Total Units Section 8 | 25 |
% Rentals under Section 8 | 7.2% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $770 |
| 2 Bedroom | N/A | N/A | $1,010 |
| 3 Bedroom | -$580 | $1,900 | $1,320 |
| 4 Bedroom | N/A | N/A | $1,380 |
Affordability — Benton, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $250,000 |
| Median Household Income | $75,000 |