Harrisburg, TN—37876
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Harrisburg, TN
As of Oct '25, the median home price in Harrisburg, TN is $398,000, with a year-over-year change of -6.2%. This indicates that home prices in Harrisburg, TN are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $398,000 | -6.2% |
| Single Family | $400,000 | -5.9% |
| Condos | $280,000 | -3.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $387,000 | -8.3% |
2 Bed | $447,000 | -8.0% |
3 Bed | $418,000 | -3.0% |
4 Bed | $609,000 | -5.4% |
| 5 Bed | $1,010,000 | -7.8% |
% of Housing Stock
Rental Trends — Harrisburg, TN
As of July '25, Rentcast reports the average rent in Harrisburg, TN is $2,220, with a year-over-year rent change of -3.1%. Per bedroom, the median rent as of July '25 in Harrisburg, TN is 1-bedrooms: $1,450, 2-bedrooms: $1,930, 3-bedrooms: $2,280, 4-bedrooms: $3,300. The most common rental property sizes in Harrisburg, TN are 2-bedroom and 3-bedroom, accounting for 50.6% and 35.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,220 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,450 | $1,450 |
| 2 Bed Rent | $1,840 | $1,930 |
| 3 Bed Rent | $2,200 | $2,280 |
| 4 Bed Rent | $3,300 | $3,300 |
% of Rental Stock
Property Listings — Harrisburg, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Harrisburg, TN is 94. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $615,000 | -3.0% |
Listing Count | 771 | 18.0% |
| Listings as % of Homes | 1.8% | 18.0% |
Days on Market | 94 | 0.0% |
Demographics — Harrisburg, TN
As of the latest ACS Survey released in 2023, Harrisburg, TN has a population of 33,000, which has increased by 1.7% over the past 5 years. Harrisburg, TN is a moderately popular place for families, as children make up 19.4% of the population. The area has a poorly educated workforce, with 21.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,000 | 1.7% |
% Under 18 | 19.4% | -3.0% |
% Seniors | 21.5% | 27.2% |
% WFH | 8.0% | 73.9% |
% w/ College Degree | 21.9% | 34.4% |
As of the latest ACS Survey released in 2023, Harrisburg, TN is a predominantly white area, with 89.5% of the population identifying as white. The white population has shrunk by 5.7% in the last 5 years. The second most common race or ethnicity in Harrisburg, TN is hispanic, making up 4.7% of the population. Foreign-born residents account for 2.5% of the population in Harrisburg, TN, and this percentage has increased by 8.7% 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 | 89.5% | -5.7% |
% Black | 1.2% | 33.3% |
% Hispanic | 4.7% | 95.8% |
% Asian | 0.4% | 33.3% |
% Foreign Born | 2.5% | 8.7% |
Mortgage and Risk — Harrisburg, TN
According to HUD data as of 2023, there were 759 mortgage originations in Harrisburg, TN, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Harrisburg, TN. Investor activity is low, as 12.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 759 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 12.0% |
% Second Loans | 13.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Harrisburg, TN
As of 2024, the percent of homes in Harrisburg, TN under the Section 8 program is 0.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Harrisburg, TN, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$500 | $1,450 | $950 |
| 2 Bedroom | -$700 | $1,840 | $1,140 |
| 3 Bedroom | -$700 | $2,200 | $1,500 |
| 4 Bedroom | -$1,650 | $3,300 | $1,650 |
Affordability — Harrisburg, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.2 |
| Median Home Price | $398,000 |
| Median Household Income | $58,500 |