Luttrell, TN—37779
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Luttrell, TN
As of Oct '25, the median home price in Luttrell, TN is $228,000, with a year-over-year change of 0.6%. This indicates that home prices in Luttrell, TN are flat. According to Zillow, the 1-year price projection is 3.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $228,000 | 0.6% |
| Single Family | $228,000 | 0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $294,000 | 3.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Luttrell, TN
Luttrell, TN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,400 | $1,400 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Luttrell, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Luttrell, TN is 49. This is a increase of 25.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $305,000 | -13.0% |
Listing Count | 16 | 71.0% |
| Listings as % of Homes | 0.5% | 71.0% |
Days on Market | 49 | 25.0% |
Demographics — Luttrell, TN
As of the latest ACS Survey released in 2023, Luttrell, TN has a population of 3,440, which has increased by 10.7% over the past 5 years. Luttrell, 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 10.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,440 | 10.7% |
% Under 18 | 20.2% | 15.4% |
% Seniors | 20.8% | 12.4% |
% WFH | 4.9% | 2,350.0% |
% w/ College Degree | 10.1% | 188.6% |
As of the latest ACS Survey released in 2023, Luttrell, TN is a predominantly white area, with 94.3% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Luttrell, TN is hispanic, making up 4.2% of the population. Foreign-born residents account for 0.4% of the population in Luttrell, TN, and this percentage has decreased by 42.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.3% | -3.1% |
% Black | 0.4% | ∞% |
% Hispanic | 4.2% | 281.8% |
% Asian | 0.1% | ∞% |
% Foreign Born | 0.4% | -42.9% |
Mortgage and Risk — Luttrell, TN
According to HUD data as of 2023, there were 68 mortgage originations in Luttrell, TN, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Luttrell, TN. Investor activity is low, as 4.0% of loans were by investors. 26.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 68 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 4.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 26.0% |
Loan Activity
Rentals and Section 8 — Luttrell, TN
Luttrell, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 68 |
Total Units Section 8 | 18 |
% Rentals under Section 8 | 8.1% |
% Occupied Section 8 | 69.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $900 |
| 2 Bedroom | -$300 | $1,400 | $1,100 |
| 3 Bedroom | N/A | N/A | $1,430 |
| 4 Bedroom | N/A | N/A | $1,650 |
Affordability — Luttrell, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $228,000 |
| Median Household Income | $51,200 |