Piney Flats, TN—37686
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Piney Flats, TN
As of Oct '25, the median home price in Piney Flats, TN is $376,000, with a year-over-year change of 3.7%. This indicates that home prices in Piney Flats, TN are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $376,000 | 3.7% |
| Single Family | $388,000 | 3.5% |
| Condos | $226,000 | 8.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $264,000 | 8.2% |
3 Bed | $390,000 | 3.7% |
4 Bed | $510,000 | 4.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Piney Flats, TN
As of July '25, Rentcast reports the average rent in Piney Flats, TN is $2,520, with a year-over-year rent change of 26.0%. Per bedroom, the median rent as of July '25 in Piney Flats, TN is 3-bedrooms: $2,300, 4-bedrooms: $2,800. The most common rental property sizes in Piney Flats, TN are 2-bedroom and 3-bedroom, accounting for 55.9% and 32.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,520 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,300 | $2,300 |
| 4 Bed Rent | $2,650 | $2,800 |
% of Rental Stock
Property Listings — Piney Flats, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Piney Flats, TN is 68. This is a increase of 61.0% 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 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 | $541,000 | -9.0% |
Listing Count | 48 | 39.0% |
| Listings as % of Homes | 0.7% | 39.0% |
Days on Market | 68 | 61.0% |
Demographics — Piney Flats, TN
As of the latest ACS Survey released in 2023, Piney Flats, TN has a population of 9,150, which has increased by 10.9% over the past 5 years. Piney Flats, TN is a moderately popular place for families, as children make up 19.0% of the population. The area has a moderately educated workforce, with 36.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,150 | 10.9% |
% Under 18 | 19.0% | -5.0% |
% Seniors | 17.1% | -3.4% |
% WFH | 9.3% | 86.0% |
% w/ College Degree | 36.1% | 62.6% |
As of the latest ACS Survey released in 2023, Piney Flats, TN is a predominantly white area, with 91.7% of the population identifying as white. The white population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in Piney Flats, TN is asian, making up 3.0% of the population. Foreign-born residents account for 1.3% of the population in Piney Flats, TN, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.7% | -5.5% |
% Black | 1.3% | 225.0% |
% Hispanic | 2.3% | 109.1% |
% Asian | 3.0% | 200.0% |
% Foreign Born | 1.3% | 0.0% |
Mortgage and Risk — Piney Flats, TN
According to HUD data as of 2023, there were 228 mortgage originations in Piney Flats, TN, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Piney Flats, TN. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 228 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Piney Flats, TN
Piney Flats, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 12 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,140 |
| 2 Bedroom | N/A | N/A | $1,440 |
| 3 Bedroom | -$450 | $2,300 | $1,850 |
| 4 Bedroom | -$530 | $2,650 | $2,120 |
Affordability — Piney Flats, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $376,000 |
| Median Household Income | $84,900 |