Greenback, TN—37742
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Greenback, TN
As of Oct '25, the median home price in Greenback, TN is $418,000, with a year-over-year change of 1.0%. This indicates that home prices in Greenback, 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 | $418,000 | 1.0% |
| Single Family | $418,000 | 1.0% |
| 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 | $447,000 | 1.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Greenback, TN
As of July '25, Rentcast reports the average rent in Greenback, TN is $2,160, with a year-over-year rent change of -8.1%. Per bedroom, the median rent as of July '25 in Greenback, TN is 1-bedrooms: $1,200, 3-bedrooms: $2,040, 4-bedrooms: $3,500. The most common rental property sizes in Greenback, TN are 3-bedroom and 2-bedroom, accounting for 69.9% and 29.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,160 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,200 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,000 | $2,040 |
| 4 Bed Rent | $3,500 | $3,500 |
% of Rental Stock
Property Listings — Greenback, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Greenback, TN is 65. This is a decrease of -28.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $831,000 | 25.0% |
Listing Count | 39 | 51.0% |
| Listings as % of Homes | 0.8% | 51.0% |
Days on Market | 65 | -28.0% |
Demographics — Greenback, TN
As of the latest ACS Survey released in 2023, Greenback, TN has a population of 7,570, which has increased by 23.1% over the past 5 years. Greenback, TN is a moderately popular place for families, as children make up 20.4% of the population. The area has a poorly educated workforce, with 17.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,570 | 23.1% |
% Under 18 | 20.4% | 0.5% |
% Seniors | 15.5% | -25.1% |
% WFH | 5.9% | 43.9% |
% w/ College Degree | 17.2% | -7.0% |
As of the latest ACS Survey released in 2023, Greenback, TN is a predominantly white area, with 97.3% of the population identifying as white. The white population has shrunk by 0.7% in the last 5 years. The second most common race or ethnicity in Greenback, TN is asian, making up 0.6% of the population. Foreign-born residents account for 0.8% of the population in Greenback, TN, and this percentage has increased by 300.0% 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 | 97.3% | -0.7% |
% Black | 0.4% | ∞% |
% Hispanic | 0.5% | -44.4% |
% Asian | 0.6% | ∞% |
% Foreign Born | 0.8% | 300.0% |
Mortgage and Risk — Greenback, TN
According to HUD data as of 2023, there were 173 mortgage originations in Greenback, TN, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Greenback, TN. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 173 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Greenback, TN
Greenback, 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 | 2.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$110 | $1,200 | $1,090 |
| 2 Bedroom | N/A | N/A | $1,340 |
| 3 Bedroom | -$280 | $2,000 | $1,720 |
| 4 Bedroom | -$1,480 | $3,500 | $2,020 |
Affordability — Greenback, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $418,000 |
| Median Household Income | $87,500 |