Speedwell, TN—37870
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Speedwell, TN
Speedwell, TN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $220,000 | -0.4% |
| Single Family | $220,000 | 0.5% |
| 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 | $271,000 | 0.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Speedwell, TN
As of July '25, Rentcast reports the average rent in Speedwell, TN is $1,420, with a year-over-year rent change of -23.7%. Per bedroom, the median rent as of July '25 in Speedwell, TN is 3-bedrooms: $1,250, 4-bedrooms: $1,600. The most common rental property sizes in Speedwell, TN are 3-bedroom and 2-bedroom, accounting for 52.1% and 27.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,420 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,250 | $1,250 |
| 4 Bed Rent | $1,600 | $1,600 |
% of Rental Stock
Property Listings — Speedwell, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Speedwell, TN is 72. This is a decrease of -16.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $512,000 | 9.0% |
Listing Count | 25 | -16.0% |
| Listings as % of Homes | 0.6% | -16.0% |
Days on Market | 72 | -16.0% |
Demographics — Speedwell, TN
As of the latest ACS Survey released in 2023, Speedwell, TN has a population of 3,870, which has decreased by -19.8% over the past 5 years. Speedwell, TN is a moderately popular place for families, as children make up 18.1% of the population. The area has a poorly educated workforce, with 11.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,870 | -19.8% |
% Under 18 | 18.1% | -13.0% |
% Seniors | 23.6% | 31.1% |
% WFH | 12.9% | 92.5% |
% w/ College Degree | 11.1% | -25.5% |
As of the latest ACS Survey released in 2023, Speedwell, TN is a predominantly white area, with 98.4% of the population identifying as white. The white population has grown by 2.5% in the last 5 years. The second most common race or ethnicity in Speedwell, TN is black, making up 0.1% of the population. Foreign-born residents account for 0.0% of the population in Speedwell, TN, and this percentage has decreased by 100.0% 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 | 98.4% | 2.5% |
% Black | 0.1% | ∞% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Speedwell, TN
According to HUD data as of 2023, there were 38 mortgage originations in Speedwell, TN, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Speedwell, TN. Investor activity is low, as 8.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 38 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 8.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Speedwell, TN
Speedwell, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% 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 | $180 | $1,250 | $1,430 |
| 4 Bedroom | $50 | $1,600 | $1,650 |
Affordability — Speedwell, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $220,000 |
| Median Household Income | $49,100 |