Decherd, TN 37324 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Decherd, TN—37324

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$252,000

1.9% YoY Growth

Household Income

$44,600

12.4% YoY Growth

Days on Market

104

17.0% Shorter YoY

Home Price Forecast

3.6%

Median Rent

$1,150

3.8% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,000

15.4% YoY Growth

3-Bed Rent

$1,650

28.0% YoY Growth

Home Price Trends — Decherd, TN

As of Dec '25, the median home price in Decherd, TN is $252,000, with a year-over-year change of 1.9%. This indicates that home prices in Decherd, TN are increasing. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$252,000	1.9%
Single Family	$252,000	2.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

6.3%

1 Bedroom

10.3%

2 Bedrooms

49.4%

3 Bedrooms

29.1%

4 Bedrooms

3.7%

5+ Bedrooms

1.2%

Property Listings — Decherd, TN

As of Dec '25, Realtor.com reports that the median days on market for a home in Decherd, TN is 95. This is a decrease of -20.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$295,000	-3.0%
Listing Count	56	45.0%
Listings as % of Homes	1.2%	45.0%
Days on Market	104	-17.0%

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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%

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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%

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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%

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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

Decherd, TN—37324

Key Metrics at a Glance

Home Price Trends — Decherd, TN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Decherd, TN

% of Rental Stock

Property Listings — Decherd, TN

Demographics — Decherd, TN

Race and Ethnicity

Mortgage and Risk — Decherd, TN

Mortgages

Rentals and Section 8 — Decherd, TN

Section 8 Market Size

Section 8 Opportunity

Affordability — Decherd, TN

Home Price to Income Ratio

Decherd, TN — ZIP Code Boundary Map

Nearby ZIP Codes

Cowan, TN

Sewanee

Estill Springs, TN

Hillsboro, TN

Sewanee, TN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.1
Median Home Price	$252,000
Median Household Income	$44,600

Decherd, TN—37324

Key Metrics at a Glance

Home Price Trends — Decherd, TN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Decherd, TN

% of Rental Stock

Property Listings — Decherd, TN

Demographics — Decherd, TN

Race and Ethnicity

Mortgage and Risk — Decherd, TN

Mortgages

Rentals and Section 8 — Decherd, TN

Section 8 Market Size

Section 8 Opportunity

Affordability — Decherd, TN

Home Price to Income Ratio

Decherd, TN — ZIP Code Boundary Map

Nearby ZIP Codes

Cowan, TN

Sewanee

Estill Springs, TN

Hillsboro, TN

Sewanee, TN

Frequently Asked Questions

What is the average home price in Decherd, TN 37324?

How have home prices in Decherd, TN 37324 changed over the past year?

What is the home price projection for Decherd, TN 37324?

What are the demographics of Decherd, TN 37324?

How long does it take homes to sell in Decherd, TN 37324?

What is the average rent price in Decherd, TN 37324?