Harrison, TN—37341
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Harrison, TN
As of Oct '25, the median home price in Harrison, TN is $338,000, with a year-over-year change of 0.4%. This indicates that home prices in Harrison, TN are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $338,000 | 0.4% |
| Single Family | $337,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $263,000 | 1.9% |
3 Bed | $336,000 | 0.3% |
4 Bed | $423,000 | 0.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Harrison, TN
As of July '25, Rentcast reports the average rent in Harrison, TN is $2,180, with a year-over-year rent change of 5.8%. Per bedroom, the median rent as of July '25 in Harrison, TN is studios: $1,950, 3-bedrooms: $2,060, 4-bedrooms: $2,480. The most common rental property sizes in Harrison, TN are 3-bedroom and 2-bedroom, accounting for 52.8% and 37.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,180 |
| Studio Rent | $900 | $1,950 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,000 | $2,060 |
| 4 Bed Rent | $2,500 | $2,480 |
% of Rental Stock
Property Listings — Harrison, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Harrison, TN is 64. This is a decrease of 0.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $525,000 | 9.0% |
Listing Count | 82 | 13.0% |
| Listings as % of Homes | 0.8% | 13.0% |
Days on Market | 64 | 0.0% |
Demographics — Harrison, TN
As of the latest ACS Survey released in 2023, Harrison, TN has a population of 15,000, which has increased by 33.5% over the past 5 years. Harrison, TN is a moderately popular place for families, as children make up 21.7% of the population. The area has a moderately educated workforce, with 29.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,000 | 33.5% |
% Under 18 | 21.7% | 10.7% |
% Seniors | 19.9% | 20.6% |
% WFH | 11.8% | 280.6% |
% w/ College Degree | 29.6% | 40.3% |
As of the latest ACS Survey released in 2023, Harrison, TN is a predominantly white area, with 75.3% of the population identifying as white. The white population has shrunk by 13.1% in the last 5 years. The second most common race or ethnicity in Harrison, TN is black, making up 13.4% of the population. Foreign-born residents account for 2.8% of the population in Harrison, TN, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 75.3% | -13.1% |
% Black | 13.4% | 100.0% |
% Hispanic | 2.8% | -28.2% |
% Asian | 0.7% | -30.0% |
% Foreign Born | 2.8% | 0.0% |
Mortgage and Risk — Harrison, TN
According to HUD data as of 2023, there were 172 mortgage originations in Harrison, TN, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Harrison, TN. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 172 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Harrison, TN
Harrison, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 99 |
Total Units Section 8 | 99 |
% Rentals under Section 8 | 11.2% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,440 |
| 2 Bedroom | N/A | N/A | $1,600 |
| 3 Bedroom | $20 | $2,000 | $2,020 |
| 4 Bedroom | -$320 | $2,500 | $2,180 |
Affordability — Harrison, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $338,000 |
| Median Household Income | $93,100 |