Friendsville, TN—37737
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Friendsville, TN
As of Oct '25, the median home price in Friendsville, TN is $421,000, with a year-over-year change of 1.6%. This indicates that home prices in Friendsville, TN are increasing. According to Zillow, the 1-year price projection is 4.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $421,000 | 1.6% |
| Single Family | $420,000 | 1.2% |
| 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 | $438,000 | 1.4% |
4 Bed | $580,000 | 1.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Friendsville, TN
As of July '25, Rentcast reports the average rent in Friendsville, TN is $1,950, with a year-over-year rent change of -2.5%. Per bedroom, the median rent as of July '25 in Friendsville, TN is 2-bedrooms: $1,950. The most common rental property sizes in Friendsville, TN are 3-bedroom and 2-bedroom, accounting for 71.2% and 11.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $1,950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,950 | $1,950 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Friendsville, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Friendsville, TN is 85. This is a increase of 15.0% 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 54.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $597,000 | 18.0% |
Listing Count | 37 | 35.0% |
| Listings as % of Homes | 0.4% | 35.0% |
Days on Market | 85 | 15.0% |
Demographics — Friendsville, TN
As of the latest ACS Survey released in 2023, Friendsville, TN has a population of 6,580, which has increased by 16.6% over the past 5 years. Friendsville, TN is a moderately popular place for families, as children make up 18.4% of the population. The area has a poorly educated workforce, with 22.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,580 | 16.6% |
% Under 18 | 18.4% | 21.1% |
% Seniors | 20.7% | -1.4% |
% WFH | 19.8% | 175.0% |
% w/ College Degree | 22.6% | -2.6% |
As of the latest ACS Survey released in 2023, Friendsville, TN is a predominantly white area, with 86.4% of the population identifying as white. The white population has shrunk by 9.3% in the last 5 years. The second most common race or ethnicity in Friendsville, TN is hispanic, making up 4.8% of the population. Foreign-born residents account for 3.1% of the population in Friendsville, TN, and this percentage has increased by 210.0% 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 | 86.4% | -9.3% |
% Black | 0.5% | 150.0% |
% Hispanic | 4.8% | 92.0% |
% Asian | 1.4% | 250.0% |
% Foreign Born | 3.1% | 210.0% |
Mortgage and Risk — Friendsville, TN
According to HUD data as of 2023, there were 118 mortgage originations in Friendsville, TN, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Friendsville, TN. Investor activity is low, as 3.0% of loans were by investors. 24.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 118 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 24.0% |
Loan Activity
Rentals and Section 8 — Friendsville, TN
Friendsville, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,250 |
| 2 Bedroom | -$420 | $1,950 | $1,530 |
| 3 Bedroom | N/A | N/A | $1,970 |
| 4 Bedroom | N/A | N/A | $2,310 |
Affordability — Friendsville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $421,000 |
| Median Household Income | $80,400 |