Wartburg, TN—37887
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wartburg, TN
As of Oct '25, the median home price in Wartburg, TN is $211,000, with a year-over-year change of -3.1%. This indicates that home prices in Wartburg, TN are decreasing. According to Zillow, the 1-year price projection is 4.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $211,000 | -3.1% |
| Single Family | $211,000 | -2.3% |
| 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 | $245,000 | 0.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wartburg, TN
As of July '25, Rentcast reports the average rent in Wartburg, TN is $1,360, with a year-over-year rent change of 21.4%. Per bedroom, the median rent as of July '25 in Wartburg, TN is 3-bedrooms: $1,360. The most common rental property sizes in Wartburg, TN are 2-bedroom and 3-bedroom, accounting for 51.1% and 21.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,480 | $1,360 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,480 | $1,360 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Wartburg, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Wartburg, TN is 71. This is a decrease of -18.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $389,000 | 50.0% |
Listing Count | 10 | -11.0% |
| Listings as % of Homes | 0.3% | -11.0% |
Days on Market | 71 | -18.0% |
Demographics — Wartburg, TN
As of the latest ACS Survey released in 2023, Wartburg, TN has a population of 6,650, which has decreased by -13.1% over the past 5 years. Wartburg, TN is a less popular place for families, as children make up 13.5% of the population. The area has a poorly educated workforce, with 8.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,650 | -13.1% |
% Under 18 | 13.5% | -15.6% |
% Seniors | 18.2% | 64.0% |
% WFH | 3.0% | -6.2% |
% w/ College Degree | 8.4% | 18.3% |
As of the latest ACS Survey released in 2023, Wartburg, TN is a predominantly white area, with 81.9% of the population identifying as white. The white population has shrunk by 0.7% in the last 5 years. The second most common race or ethnicity in Wartburg, TN is black, making up 14.5% of the population. Foreign-born residents account for 0.9% of the population in Wartburg, TN, and this percentage has decreased by 35.7% 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 | 81.9% | -0.7% |
% Black | 14.5% | 3.6% |
% Hispanic | 1.8% | -33.3% |
% Asian | 0.6% | ∞% |
% Foreign Born | 0.9% | -35.7% |
Mortgage and Risk — Wartburg, TN
According to HUD data as of 2023, there were 65 mortgage originations in Wartburg, TN, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Wartburg, TN. Investor activity is low, as 0.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 65 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Wartburg, TN
Wartburg, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 97 |
Total Units Section 8 | 28 |
% Rentals under Section 8 | 7.1% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $690 |
| 2 Bedroom | N/A | N/A | $910 |
| 3 Bedroom | -$280 | $1,480 | $1,200 |
| 4 Bedroom | N/A | N/A | $1,210 |
Affordability — Wartburg, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $211,000 |
| Median Household Income | $56,400 |