Butler, TN 37640 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Butler, TN—37640

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$297,000

2.7% YoY Growth

Household Income

$47,400

19.9% YoY Growth

Days on Market

136

26.0% Longer YoY

Home Price Forecast

N/A

Median Rent

$1,700

21.2% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$3,500

N/A

3-Bed Rent

$1,700

48.5% YoY Growth

Home Price Trends — Butler, TN

Butler, TN lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$297,000	-2.7%
Single Family	$297,000	-2.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Butler, TN

As of July '25, Rentcast reports the average rent in Butler, TN is $2,600, with a year-over-year rent change of -21.2%. Per bedroom, the median rent as of July '25 in Butler, TN is 2-bedrooms: $3,500, 3-bedrooms: $1,700. The most common rental property sizes in Butler, TN are 2-bedroom and 3-bedroom, accounting for 51.8% and 25.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,700	$2,600
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$3,500	$3,500
3 Bed Rent	$1,700	$1,700
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

2.7%

1 Bedroom

13.6%

2 Bedrooms

51.8%

3 Bedrooms

25.7%

5+ Bedrooms

6.2%

Property Listings — Butler, TN

As of Dec '25, Realtor.com reports that the median days on market for a home in Butler, TN is 110. This is a increase of 22.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$625,000	40.0%
Listing Count	43	12.0%
Listings as % of Homes	0.7%	12.0%
Days on Market	136	26.0%

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Demographics — Butler, TN

As of the latest ACS Survey released in 2023, Butler, TN has a population of 3,340, which has decreased by -11.5% over the past 5 years. Butler, TN is a less popular place for families, as children make up 14.2% of the population. The area has a poorly educated workforce, with 16.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,340	-11.5%
% Under 18	14.2%	-33.6%
% Seniors	29.2%	57.0%
% WFH	12.8%	58.0%
% w/ College Degree	16.1%	-6.9%

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As of the latest ACS Survey released in 2023, Butler, TN is a predominantly white area, with 96.5% of the population identifying as white. The white population has grown by 0.1% in the last 5 years. The second most common race or ethnicity in Butler, TN is black, making up 0.0% of the population. Foreign-born residents account for 1.2% of the population in Butler, TN, and this percentage has increased by 9.1% 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	96.5%	0.1%
% Black	0.0%	N/A
% Hispanic	0.0%	-100.0%
% Asian	0.0%	-100.0%
% Foreign Born	1.2%	9.1%

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Mortgage and Risk — Butler, TN

According to HUD data as of 2023, there were 52 mortgage originations in Butler, TN, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Butler, TN. Investor activity is low, as 8.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	52
% Conventional Loans	90.0%
% Government Loans	10.0%
% Investor Loans	8.0%
% Second Loans	19.0%
% Cash Out Refinance	19.0%

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Rentals and Section 8 — Butler, TN

Butler, 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	1.9%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$820
2 Bedroom	-$2,530	$3,500	$970
3 Bedroom	-$460	$1,700	$1,240
4 Bedroom	N/A	N/A	$1,410

Butler, TN—37640

Key Metrics at a Glance

Home Price Trends — Butler, TN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Butler, TN

% of Rental Stock

Property Listings — Butler, TN

Demographics — Butler, TN

Race and Ethnicity

Mortgage and Risk — Butler, TN

Mortgages

Rentals and Section 8 — Butler, TN

Section 8 Market Size

Section 8 Opportunity

Affordability — Butler, TN

Home Price to Income Ratio

Butler, TN — ZIP Code Boundary Map

Nearby ZIP Codes

Sugar Grove, NC

Elizabethton, TN

Roan Mountain, TN

Hampton, TN

Sugar Grove, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.7
Median Home Price	$297,000
Median Household Income	$47,400

Butler, TN—37640

Key Metrics at a Glance

Home Price Trends — Butler, TN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Butler, TN

% of Rental Stock

Property Listings — Butler, TN

Demographics — Butler, TN

Race and Ethnicity

Mortgage and Risk — Butler, TN

Mortgages

Rentals and Section 8 — Butler, TN

Section 8 Market Size

Section 8 Opportunity

Affordability — Butler, TN

Home Price to Income Ratio

Butler, TN — ZIP Code Boundary Map

Nearby ZIP Codes

Sugar Grove, NC

Elizabethton, TN

Roan Mountain, TN

Hampton, TN

Sugar Grove, NC

Frequently Asked Questions

What is the average home price in Butler, TN 37640?

How have home prices in Butler, TN 37640 changed over the past year?

What is the home price projection for Butler, TN 37640?

What are the demographics of Butler, TN 37640?

How long does it take homes to sell in Butler, TN 37640?

What is the average rent price in Butler, TN 37640?