Lafollette, TN—37766
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lafollette, TN
As of Oct '25, the median home price in Lafollette, TN is $224,000, with a year-over-year change of -1.3%. This indicates that home prices in Lafollette, TN are decreasing. According to Zillow, the 1-year price projection is 4.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $224,000 | -1.3% |
| Single Family | $220,000 | -1.3% |
| Condos | $492,000 | 7.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $173,000 | -2.3% |
3 Bed | $253,000 | -0.8% |
4 Bed | $493,000 | 1.9% |
| 5 Bed | $934,000 | 4.4% |
% of Housing Stock
Rental Trends — Lafollette, TN
As of July '25, Rentcast reports the average rent in Lafollette, TN is $1,800, with a year-over-year rent change of -11.3%. Per bedroom, the median rent as of July '25 in Lafollette, TN is 3-bedrooms: $1,800. The most common rental property sizes in Lafollette, TN are 2-bedroom and 3-bedroom, accounting for 42.9% and 38.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,680 | $1,800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,680 | $1,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lafollette, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Lafollette, TN is 77. This is a increase of 35.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $412,000 | 5.0% |
Listing Count | 144 | 37.0% |
| Listings as % of Homes | 0.8% | 37.0% |
Days on Market | 77 | 35.0% |
Demographics — Lafollette, TN
As of the latest ACS Survey released in 2023, Lafollette, TN has a population of 17,600, which has decreased by -1.5% over the past 5 years. Lafollette, TN is a moderately popular place for families, as children make up 20.2% of the population. The area has a poorly educated workforce, with 12.4% 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 | 17,600 | -1.5% |
% Under 18 | 20.2% | 1.5% |
% Seniors | 20.3% | -12.1% |
% WFH | 9.3% | 151.4% |
% w/ College Degree | 12.4% | 29.2% |
As of the latest ACS Survey released in 2023, Lafollette, TN is a predominantly white area, with 95.0% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Lafollette, TN is hispanic, making up 2.6% of the population. Foreign-born residents account for 1.0% of the population in Lafollette, TN, and this percentage has increased by 233.3% 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 | 95.0% | -1.5% |
% Black | 0.1% | -50.0% |
% Hispanic | 2.6% | 62.5% |
% Asian | 0.3% | ∞% |
% Foreign Born | 1.0% | 233.3% |
Mortgage and Risk — Lafollette, TN
According to HUD data as of 2023, there were 411 mortgage originations in Lafollette, TN, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Lafollette, TN. Investor activity is low, as 14.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 411 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 14.0% |
% Second Loans | 11.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Lafollette, TN
Lafollette, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 529 |
Total Units Section 8 | 195 |
% Rentals under Section 8 | 6.3% |
% Occupied Section 8 | 80.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $750 |
| 2 Bedroom | N/A | N/A | $990 |
| 3 Bedroom | -$370 | $1,680 | $1,310 |
| 4 Bedroom | N/A | N/A | $1,310 |
Affordability — Lafollette, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $224,000 |
| Median Household Income | $46,700 |