Oliver Springs, TN—37840
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oliver Springs, TN
As of Oct '25, the median home price in Oliver Springs, TN is $232,000, with a year-over-year change of 0.3%. This indicates that home prices in Oliver Springs, TN are flat. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $232,000 | 0.3% |
| Single Family | $232,000 | 0.4% |
| 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 | $276,000 | 2.2% |
4 Bed | $356,000 | 3.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Oliver Springs, TN
As of July '25, Rentcast reports the average rent in Oliver Springs, TN is $1,100, with a year-over-year rent change of 5.8%. Per bedroom, the median rent as of July '25 in Oliver Springs, TN is 1-bedrooms: $895, 2-bedrooms: $1,150. The most common rental property sizes in Oliver Springs, TN are 3-bedroom and 2-bedroom, accounting for 41.5% and 33.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,140 | $1,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $895 | $895 |
| 2 Bed Rent | $1,140 | $1,150 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Oliver Springs, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Oliver Springs, TN is 44. This is a increase of 8.0% 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 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 | $369,000 | 1.0% |
Listing Count | 32 | 38.0% |
| Listings as % of Homes | 0.2% | 38.0% |
Days on Market | 44 | 8.0% |
Demographics — Oliver Springs, TN
As of the latest ACS Survey released in 2023, Oliver Springs, TN has a population of 10,400, which has remained stable by 0.8% over the past 5 years. Oliver Springs, TN is a moderately popular place for families, as children make up 24.3% of the population. The area has a poorly educated workforce, with 15.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,400 | 0.8% |
% Under 18 | 24.3% | 9.5% |
% Seniors | 21.9% | 27.3% |
% WFH | 4.1% | 7.9% |
% w/ College Degree | 15.6% | 30.0% |
As of the latest ACS Survey released in 2023, Oliver Springs, TN is a predominantly white area, with 94.5% of the population identifying as white. The white population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Oliver Springs, TN is hispanic, making up 0.5% of the population. Foreign-born residents account for 0.2% of the population in Oliver Springs, TN, and this percentage has decreased by 80.0% 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 | 94.5% | -3.5% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.5% | -16.7% |
% Asian | 0.2% | -50.0% |
% Foreign Born | 0.2% | -80.0% |
Mortgage and Risk — Oliver Springs, TN
According to HUD data as of 2023, there were 228 mortgage originations in Oliver Springs, TN, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Oliver Springs, TN. Investor activity is low, as 2.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 228 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Oliver Springs, TN
Oliver Springs, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 141 |
Total Units Section 8 | 27 |
% Rentals under Section 8 | 3.0% |
% Occupied Section 8 | 73.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $5 | $895 | $900 |
| 2 Bedroom | -$40 | $1,140 | $1,100 |
| 3 Bedroom | N/A | N/A | $1,430 |
| 4 Bedroom | N/A | N/A | $1,680 |
Affordability — Oliver Springs, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $232,000 |
| Median Household Income | $60,100 |