Baneberry, TN—37890
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Baneberry, TN
As of Oct '25, the median home price in Baneberry, TN is $290,000, with a year-over-year change of 4.3%. This indicates that home prices in Baneberry, TN are increasing. According to Zillow, the 1-year price projection is 3.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $290,000 | 4.3% |
| Single Family | $292,000 | 4.3% |
| 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 | $304,000 | 4.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Baneberry, TN
As of July '25, Rentcast reports the average rent in Baneberry, TN is $1,530, with a year-over-year rent change of -1.9%. Per bedroom, the median rent as of July '25 in Baneberry, TN is 2-bedrooms: $1,250, 3-bedrooms: $1,560. The most common rental property sizes in Baneberry, TN are 2-bedroom and 3-bedroom, accounting for 47.5% and 38.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,530 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,250 | $1,250 |
| 3 Bed Rent | $1,650 | $1,560 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Baneberry, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Baneberry, TN is 64. This is a increase of 8.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $487,000 | -13.0% |
Listing Count | 49 | 12.0% |
| Listings as % of Homes | 0.6% | 12.0% |
Days on Market | 64 | 8.0% |
Demographics — Baneberry, TN
As of the latest ACS Survey released in 2023, Baneberry, TN has a population of 7,220, which has increased by 6.2% over the past 5 years. Baneberry, TN is a moderately popular place for families, as children make up 21.7% of the population. The area has a poorly educated workforce, with 21.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,220 | 6.2% |
% Under 18 | 21.7% | 10.7% |
% Seniors | 23.6% | 24.9% |
% WFH | 4.1% | -32.8% |
% w/ College Degree | 21.1% | 40.7% |
As of the latest ACS Survey released in 2023, Baneberry, TN is a predominantly white area, with 88.5% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Baneberry, TN is hispanic, making up 6.3% of the population. Foreign-born residents account for 2.9% of the population in Baneberry, TN, and this percentage has decreased by 32.6% 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 | 88.5% | -1.1% |
% Black | 0.0% | -100.0% |
% Hispanic | 6.3% | -6.0% |
% Asian | 0.4% | ∞% |
% Foreign Born | 2.9% | -32.6% |
Mortgage and Risk — Baneberry, TN
According to HUD data as of 2023, there were 141 mortgage originations in Baneberry, TN, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Baneberry, TN. Investor activity is low, as 1.0% of loans were by investors. 23.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 141 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 23.0% |
Loan Activity
Rentals and Section 8 — Baneberry, TN
Baneberry, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 58 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 1.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $830 |
| 2 Bedroom | -$180 | $1,250 | $1,070 |
| 3 Bedroom | -$250 | $1,650 | $1,400 |
| 4 Bedroom | N/A | N/A | $1,750 |
Affordability — Baneberry, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $290,000 |
| Median Household Income | $61,900 |