Farragut, TN—37934
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Farragut, TN
As of Oct '25, the median home price in Farragut, TN is $641,000, with a year-over-year change of 1.9%. This indicates that home prices in Farragut, TN are increasing. According to Zillow, the 1-year price projection is 4.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $641,000 | 1.9% |
| Single Family | $653,000 | 2.2% |
| Condos | $402,000 | 2.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $342,000 | 0.9% |
3 Bed | $480,000 | 1.7% |
4 Bed | $720,000 | 2.1% |
| 5 Bed | $917,000 | 2.7% |
% of Housing Stock
Rental Trends — Farragut, TN
As of July '25, Rentcast reports the average rent in Farragut, TN is $2,570, with a year-over-year rent change of -4.1%. Per bedroom, the median rent as of July '25 in Farragut, TN is 1-bedrooms: $1,600, 2-bedrooms: $1,860, 3-bedrooms: $2,410, 4-bedrooms: $2,960. The most common rental property sizes in Farragut, TN are 3-bedroom and 2-bedroom, accounting for 41.7% and 20.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,440 | $2,570 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,580 | $1,600 |
| 2 Bed Rent | $1,980 | $1,860 |
| 3 Bed Rent | $2,400 | $2,410 |
| 4 Bed Rent | $2,700 | $2,960 |
% of Rental Stock
Property Listings — Farragut, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Farragut, TN is 57. This is a increase of 18.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $787,000 | -3.0% |
Listing Count | 189 | 11.0% |
| Listings as % of Homes | 1.1% | 11.0% |
Days on Market | 57 | 18.0% |
Demographics — Farragut, TN
As of the latest ACS Survey released in 2023, Farragut, TN has a population of 28,200, which has increased by 7.8% over the past 5 years. Farragut, TN is a moderately popular place for families, as children make up 22.1% of the population. The area has a highly educated workforce, with 62.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,200 | 7.8% |
% Under 18 | 22.1% | -11.2% |
% Seniors | 21.1% | 2.9% |
% WFH | 19.9% | 197.0% |
% w/ College Degree | 62.4% | 2.6% |
As of the latest ACS Survey released in 2023, Farragut, TN is a predominantly white area, with 88.2% of the population identifying as white. The white population has grown by 0.8% in the last 5 years. The second most common race or ethnicity in Farragut, TN is asian, making up 3.9% of the population. Foreign-born residents account for 7.4% of the population in Farragut, TN, and this percentage has increased by 12.1% 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 | 88.2% | 0.8% |
% Black | 1.3% | 116.7% |
% Hispanic | 3.4% | -17.1% |
% Asian | 3.9% | -38.1% |
% Foreign Born | 7.4% | 12.1% |
Mortgage and Risk — Farragut, TN
According to HUD data as of 2023, there were 721 mortgage originations in Farragut, TN, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Farragut, TN. Investor activity is low, as 2.0% 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 | 721 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Farragut, TN
As of 2024, the percent of homes in Farragut, TN under the Section 8 program is 0.7%. 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 Farragut, TN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 56 |
Total Units Section 8 | 56 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | 72.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $310 | $1,580 | $1,890 |
| 2 Bedroom | $340 | $1,980 | $2,320 |
| 3 Bedroom | $580 | $2,400 | $2,980 |
| 4 Bedroom | $800 | $2,700 | $3,500 |
Affordability — Farragut, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $641,000 |
| Median Household Income | $135,000 |