Sharps Chapel, TN—37866
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sharps Chapel, TN
As of Oct '25, the median home price in Sharps Chapel, TN is $383,000, with a year-over-year change of 2.4%. This indicates that home prices in Sharps Chapel, TN are increasing. 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 | $383,000 | 2.4% |
| Single Family | $384,000 | 2.4% |
| 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 | $530,000 | 5.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sharps Chapel, TN
Sharps Chapel, TN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Sharps Chapel, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Sharps Chapel, TN is 94. This is a increase of 40.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $687,000 | 14.0% |
Listing Count | 33 | 59.0% |
| Listings as % of Homes | 0.6% | 59.0% |
Days on Market | 94 | 40.0% |
Demographics — Sharps Chapel, TN
As of the latest ACS Survey released in 2023, Sharps Chapel, TN has a population of 2,220, which has increased by 39.0% over the past 5 years. Sharps Chapel, TN is a moderately popular place for families, as children make up 17.7% of the population. The area has a poorly educated workforce, with 16.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,220 | 39.0% |
% Under 18 | 17.7% | 12.7% |
% Seniors | 22.2% | -9.4% |
% WFH | 24.9% | 87.2% |
% w/ College Degree | 16.8% | -11.6% |
As of the latest ACS Survey released in 2023, Sharps Chapel, TN is a predominantly white area, with 95.2% of the population identifying as white. The white population has grown by 5.7% in the last 5 years. The second most common race or ethnicity in Sharps Chapel, TN is hispanic, making up 2.5% of the population. Foreign-born residents account for 0.9% of the population in Sharps Chapel, TN, and this percentage has increased by 12.5% 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 | 95.2% | 5.7% |
% Black | 0.0% | N/A |
% Hispanic | 2.5% | 0.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.9% | 12.5% |
Mortgage and Risk — Sharps Chapel, TN
According to HUD data as of 2023, there were 71 mortgage originations in Sharps Chapel, TN, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Sharps Chapel, TN. Investor activity is low, as 6.0% 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 | 71 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 6.0% |
% Second Loans | 24.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Sharps Chapel, TN
Sharps Chapel, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 8.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $900 |
| 2 Bedroom | N/A | N/A | $1,100 |
| 3 Bedroom | N/A | N/A | $1,430 |
| 4 Bedroom | N/A | N/A | $1,650 |
Affordability — Sharps Chapel, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $383,000 |
| Median Household Income | $86,000 |