Speedwell, TN 37870 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Speedwell, TN—37870

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$219,000

0.3% YoY Growth

Household Income

$49,100

47.7% YoY Growth

Days on Market

98

29.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

$1,250

23.7% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,250

46.8% YoY Growth

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	$219,000	0.3%
Single Family	$219,000	0.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

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

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% of Rental Stock

1 Bedroom

3.4%

2 Bedrooms

27.3%

3 Bedrooms

52.1%

4 Bedrooms

8.8%

5+ Bedrooms

8.4%

Property Listings — Speedwell, TN

As of Dec '25, Realtor.com reports that the median days on market for a home in Speedwell, TN is 93. This is a decrease of -26.0% 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 55.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$351,000	13.0%
Listing Count	20	-26.0%
Listings as % of Homes	0.6%	-26.0%
Days on Market	98	-29.0%

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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%

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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%

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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%

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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

Speedwell, TN—37870

Key Metrics at a Glance

Home Price Trends — Speedwell, TN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Speedwell, TN

% of Rental Stock

Property Listings — Speedwell, TN

Demographics — Speedwell, TN

Race and Ethnicity

Mortgage and Risk — Speedwell, TN

Mortgages

Rentals and Section 8 — Speedwell, TN

Section 8 Market Size

Section 8 Opportunity

Affordability — Speedwell, TN

Home Price to Income Ratio

Speedwell, TN — ZIP Code Boundary Map

Nearby ZIP Codes

Sharps Chapel, TN

Clairfield, TN

New Tazewell, TN

Pearl, KY

Middlesboro, KY

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4
Median Home Price	$219,000
Median Household Income	$49,100

Speedwell, TN—37870

Key Metrics at a Glance

Home Price Trends — Speedwell, TN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Speedwell, TN

% of Rental Stock

Property Listings — Speedwell, TN

Demographics — Speedwell, TN

Race and Ethnicity

Mortgage and Risk — Speedwell, TN

Mortgages

Rentals and Section 8 — Speedwell, TN

Section 8 Market Size

Section 8 Opportunity

Affordability — Speedwell, TN

Home Price to Income Ratio

Speedwell, TN — ZIP Code Boundary Map

Nearby ZIP Codes

Sharps Chapel, TN

Clairfield, TN

New Tazewell, TN

Pearl, KY

Middlesboro, KY

Frequently Asked Questions

What is the average home price in Speedwell, TN 37870?

How have home prices in Speedwell, TN 37870 changed over the past year?

What is the home price projection for Speedwell, TN 37870?

What are the demographics of Speedwell, TN 37870?

How long does it take homes to sell in Speedwell, TN 37870?

What is the average rent price in Speedwell, TN 37870?