Tullahoma, TN—37388
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tullahoma, TN
As of Oct '25, the median home price in Tullahoma, TN is $290,000, with a year-over-year change of 2.2%. This indicates that home prices in Tullahoma, TN are increasing. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $290,000 | 2.2% |
| Single Family | $291,000 | 2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $189,000 | 3.8% |
3 Bed | $294,000 | 2.4% |
4 Bed | $431,000 | 3.4% |
| 5 Bed | $517,000 | 3.8% |
% of Housing Stock
Rental Trends — Tullahoma, TN
As of July '25, Rentcast reports the average rent in Tullahoma, TN is $1,440, with a year-over-year rent change of -4.6%. Per bedroom, the median rent as of July '25 in Tullahoma, TN is studios: $1,930, 1-bedrooms: $871, 2-bedrooms: $1,200, 3-bedrooms: $1,600, 4-bedrooms: $2,010. The most common rental property sizes in Tullahoma, TN are 2-bedroom and 3-bedroom, accounting for 42.3% and 32.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,440 |
| Studio Rent | $1,500 | $1,930 |
| 1 Bed Rent | $850 | $871 |
| 2 Bed Rent | $1,250 | $1,200 |
| 3 Bed Rent | $1,580 | $1,600 |
| 4 Bed Rent | $1,900 | $2,010 |
% of Rental Stock
Property Listings — Tullahoma, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Tullahoma, TN is 71. This is a increase of 20.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $363,000 | -3.0% |
Listing Count | 223 | 37.0% |
| Listings as % of Homes | 1.0% | 37.0% |
Days on Market | 71 | 20.0% |
Demographics — Tullahoma, TN
As of the latest ACS Survey released in 2023, Tullahoma, TN has a population of 27,300, which has increased by 7.2% over the past 5 years. Tullahoma, TN is a moderately popular place for families, as children make up 23.0% of the population. The area has a moderately educated workforce, with 25.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,300 | 7.2% |
% Under 18 | 23.0% | -2.1% |
% Seniors | 20.4% | 4.6% |
% WFH | 6.2% | 138.5% |
% w/ College Degree | 25.4% | 13.9% |
As of the latest ACS Survey released in 2023, Tullahoma, TN is a predominantly white area, with 85.8% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Tullahoma, TN is hispanic, making up 5.4% of the population. Foreign-born residents account for 1.9% of the population in Tullahoma, TN, and this percentage has decreased by 24.0% 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 | 85.8% | -2.9% |
% Black | 5.1% | 41.7% |
% Hispanic | 5.4% | 38.5% |
% Asian | 0.9% | -10.0% |
% Foreign Born | 1.9% | -24.0% |
Mortgage and Risk — Tullahoma, TN
According to HUD data as of 2023, there were 639 mortgage originations in Tullahoma, TN, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Tullahoma, TN. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 639 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Tullahoma, TN
Tullahoma, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 660 |
Total Units Section 8 | 390 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 91.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $850 | $820 |
| 2 Bedroom | -$290 | $1,250 | $960 |
| 3 Bedroom | -$270 | $1,580 | $1,310 |
| 4 Bedroom | -$430 | $1,900 | $1,470 |
Affordability — Tullahoma, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $290,000 |
| Median Household Income | $59,900 |