Riceville, TN—37370
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Riceville, TN
As of Oct '25, the median home price in Riceville, TN is $292,000, with a year-over-year change of -0.0%. This indicates that home prices in Riceville, TN are flat. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $292,000 | -0.0% |
| Single Family | $292,000 | 1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $327,000 | 3.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Riceville, TN
As of July '25, Rentcast reports the average rent in Riceville, TN is $945, with a year-over-year rent change of 5.6%. Per bedroom, the median rent as of July '25 in Riceville, TN is 2-bedrooms: $945. The most common rental property sizes in Riceville, TN are 3-bedroom and 2-bedroom, accounting for 55.2% and 41.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $895 | $945 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $895 | $945 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Riceville, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Riceville, TN is 44. This is a decrease of -68.0% 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 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $382,000 | 23.0% |
Listing Count | 24 | -52.0% |
| Listings as % of Homes | 0.6% | -52.0% |
Days on Market | 44 | -68.0% |
Demographics — Riceville, TN
As of the latest ACS Survey released in 2023, Riceville, TN has a population of 5,240, which has increased by 5.7% over the past 5 years. Riceville, TN is a moderately popular place for families, as children make up 23.3% of the population. The area has a poorly educated workforce, with 13.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,240 | 5.7% |
% Under 18 | 23.3% | 30.2% |
% Seniors | 18.8% | 7.4% |
% WFH | 9.8% | 27.3% |
% w/ College Degree | 13.9% | 23.0% |
As of the latest ACS Survey released in 2023, Riceville, TN is a predominantly white area, with 88.0% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Riceville, TN is hispanic, making up 6.9% of the population. Foreign-born residents account for 5.2% of the population in Riceville, TN, and this percentage has increased by 246.7% 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 | 88.0% | -6.2% |
% Black | 0.7% | 133.3% |
% Hispanic | 6.9% | 25.5% |
% Asian | 1.6% | ∞% |
% Foreign Born | 5.2% | 246.7% |
Mortgage and Risk — Riceville, TN
According to HUD data as of 2023, there were 68 mortgage originations in Riceville, TN, of which 59.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Riceville, TN. Investor activity is low, as 1.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 68 |
% Conventional Loans | 59.0% |
% Government Loans | 41.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 22.0% |
Loan Activity
Rentals and Section 8 — Riceville, TN
Riceville, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | $55 | $895 | $950 |
| 3 Bedroom | N/A | N/A | $1,180 |
| 4 Bedroom | N/A | N/A | $1,260 |
Affordability — Riceville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $292,000 |
| Median Household Income | $49,700 |