Butler, TN—37640
Real Estate Data & Market Trends
Key Metrics at a Glance
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 | $300,000 | -2.4% |
| Single Family | $300,000 | -2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $295,000 | 3.1% |
3 Bed | $426,000 | 1.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Butler, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Butler, TN is 93. This is a increase of 34.0% 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 | 17.0% |
Listing Count | 44 | 21.0% |
| Listings as % of Homes | 0.7% | 21.0% |
Days on Market | 93 | 34.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Butler, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $300,000 |
| Median Household Income | $47,400 |