Decherd, TN—37324
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Decherd, TN
As of Oct '25, the median home price in Decherd, TN is $250,000, with a year-over-year change of 1.6%. This indicates that home prices in Decherd, TN are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $250,000 | 1.6% |
| Single Family | $250,000 | 1.6% |
| 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 | $268,000 | 3.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Decherd, TN
As of July '25, Rentcast reports the average rent in Decherd, TN is $1,280, with a year-over-year rent change of -3.8%. Per bedroom, the median rent as of July '25 in Decherd, TN is 2-bedrooms: $1,010, 3-bedrooms: $1,620. The most common rental property sizes in Decherd, TN are 2-bedroom and 3-bedroom, accounting for 49.4% and 29.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,280 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,000 | $1,010 |
| 3 Bed Rent | $1,650 | $1,620 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Decherd, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Decherd, TN is 83. This is a decrease of -9.0% 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 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $296,000 | -3.0% |
Listing Count | 61 | 46.0% |
| Listings as % of Homes | 1.2% | 46.0% |
Days on Market | 83 | -9.0% |
Demographics — Decherd, TN
As of the latest ACS Survey released in 2023, Decherd, TN has a population of 5,170, which has decreased by -9.1% over the past 5 years. Decherd, TN is a moderately popular place for families, as children make up 19.1% of the population. The area has a poorly educated workforce, with 13.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,170 | -9.1% |
% Under 18 | 19.1% | -19.1% |
% Seniors | 14.5% | -24.5% |
% WFH | 5.7% | 235.3% |
% w/ College Degree | 13.4% | 24.1% |
As of the latest ACS Survey released in 2023, Decherd, TN is a predominantly white area, with 90.6% of the population identifying as white. The white population has grown by 8.0% in the last 5 years. The second most common race or ethnicity in Decherd, TN is black, making up 4.5% of the population. Foreign-born residents account for 2.6% of the population in Decherd, TN, and this percentage has decreased by 33.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.6% | 8.0% |
% Black | 4.5% | -55.4% |
% Hispanic | 0.5% | -91.5% |
% Asian | 2.1% | 950.0% |
% Foreign Born | 2.6% | -33.3% |
Mortgage and Risk — Decherd, TN
According to HUD data as of 2023, there were 147 mortgage originations in Decherd, TN, of which 59.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Decherd, TN. Investor activity is low, as 4.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 147 |
% Conventional Loans | 59.0% |
% Government Loans | 41.0% |
% Investor Loans | 4.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Decherd, TN
Decherd, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 63 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $720 |
| 2 Bedroom | -$60 | $1,000 | $940 |
| 3 Bedroom | -$420 | $1,650 | $1,230 |
| 4 Bedroom | N/A | N/A | $1,500 |
Affordability — Decherd, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $250,000 |
| Median Household Income | $44,600 |