Jasper, TN—37347
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Jasper, TN
As of Oct '25, the median home price in Jasper, TN is $268,000, with a year-over-year change of 3.2%. This indicates that home prices in Jasper, TN are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $268,000 | 3.2% |
| Single Family | $268,000 | 3.5% |
| 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 | $296,000 | 5.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Jasper, TN
As of July '25, Rentcast reports the average rent in Jasper, TN is $1,750, with a year-over-year rent change of 29.6%. Per bedroom, the median rent as of July '25 in Jasper, TN is studios: $975, 2-bedrooms: $862, 3-bedrooms: $2,320, 4-bedrooms: $2,200. The most common rental property sizes in Jasper, TN are 3-bedroom and 2-bedroom, accounting for 47.2% and 27.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $1,750 |
| Studio Rent | $975 | $975 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $749 | $862 |
| 3 Bed Rent | $2,300 | $2,320 |
| 4 Bed Rent | $2,200 | $2,200 |
% of Rental Stock
Property Listings — Jasper, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Jasper, TN is 78. This is a decrease of -14.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $555,000 | 30.0% |
Listing Count | 88 | 53.0% |
| Listings as % of Homes | 0.8% | 53.0% |
Days on Market | 78 | -14.0% |
Demographics — Jasper, TN
As of the latest ACS Survey released in 2023, Jasper, TN has a population of 8,560, which has increased by 8.7% over the past 5 years. Jasper, TN is a popular place for families, as children make up 25.7% of the population. The area has a poorly educated workforce, with 19.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,560 | 8.7% |
% Under 18 | 25.7% | 13.2% |
% Seniors | 19.1% | -6.8% |
% WFH | 10.8% | 157.1% |
% w/ College Degree | 19.0% | 54.5% |
As of the latest ACS Survey released in 2023, Jasper, TN is a predominantly white area, with 82.9% of the population identifying as white. The white population has shrunk by 10.1% in the last 5 years. The second most common race or ethnicity in Jasper, TN is black, making up 4.8% of the population. Foreign-born residents account for 2.0% of the population in Jasper, TN, and this percentage has increased by 233.3% 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 | 82.9% | -10.1% |
% Black | 4.8% | 100.0% |
% Hispanic | 4.3% | 152.9% |
% Asian | 0.3% | 200.0% |
% Foreign Born | 2.0% | 233.3% |
Mortgage and Risk — Jasper, TN
According to HUD data as of 2023, there were 204 mortgage originations in Jasper, TN, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Jasper, TN. Investor activity is low, as 3.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 204 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Jasper, TN
Jasper, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 28 |
Total Units Section 8 | 28 |
% Rentals under Section 8 | 4.0% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $970 |
| 2 Bedroom | $331 | $749 | $1,080 |
| 3 Bedroom | -$940 | $2,300 | $1,360 |
| 4 Bedroom | -$730 | $2,200 | $1,470 |
Affordability — Jasper, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $268,000 |
| Median Household Income | $57,900 |