Townsend, TN—37882
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Townsend, TN
Home Price Trends — Townsend, TN
As of Oct '25, the median home price in Townsend, TN is $387,000, with a year-over-year change of -1.5%. This indicates that home prices in Townsend, TN are decreasing. According to Zillow, the 1-year price projection is 4.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $387,000 | -1.5% |
| Single Family | $396,000 | -2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $304,000 | -2.3% |
2 Bed | $413,000 | -2.8% |
3 Bed | $599,000 | -2.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Townsend, TN
As of July '25, Rentcast reports the average rent in Townsend, TN is $2,090, with a year-over-year rent change of 13.6%. Per bedroom, the median rent as of July '25 in Townsend, TN is studios: $975, 2-bedrooms: $2,650. The most common rental property sizes in Townsend, TN are 2-bedroom and 3-bedroom, accounting for 48.6% and 37.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,090 |
| Studio Rent | $975 | $975 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,400 | $2,650 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Townsend, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Townsend, TN is 107. This is a decrease of -5.0% 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 | $614,000 | 4.0% |
Listing Count | 77 | 73.0% |
| Listings as % of Homes | 1.4% | 73.0% |
Days on Market | 107 | -5.0% |
Demographics — Townsend, TN
As of the latest ACS Survey released in 2023, Townsend, TN has a population of 2,800, which has increased by 4.1% over the past 5 years. Townsend, TN is a less popular place for families, as children make up 9.9% of the population. The area has a moderately educated workforce, with 33.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,800 | 4.1% |
% Under 18 | 9.9% | -37.7% |
% Seniors | 45.7% | 41.0% |
% WFH | 16.9% | 10.5% |
% w/ College Degree | 33.2% | 19.9% |
As of the latest ACS Survey released in 2023, Townsend, TN is a predominantly white area, with 96.9% of the population identifying as white. The white population has grown by 2.3% in the last 5 years. The second most common race or ethnicity in Townsend, TN is asian, making up 0.2% of the population. Foreign-born residents account for 0.3% of the population in Townsend, TN, and this percentage has decreased by 88.5% 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 | 96.9% | 2.3% |
% Black | 0.1% | -83.3% |
% Hispanic | 0.2% | -60.0% |
% Asian | 0.2% | -92.3% |
% Foreign Born | 0.3% | -88.5% |
Mortgage and Risk — Townsend, TN
According to HUD data as of 2023, there were 103 mortgage originations in Townsend, TN, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Townsend, TN. Investor activity is low, as 13.0% 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 | 103 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 13.0% |
% Second Loans | 24.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Townsend, TN
Townsend, 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 | $1,170 |
| 2 Bedroom | -$970 | $2,400 | $1,430 |
| 3 Bedroom | N/A | N/A | $1,840 |
| 4 Bedroom | N/A | N/A | $2,160 |
Affordability — Townsend, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $387,000 |
| Median Household Income | $61,900 |