Bells, TN—38006
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bells, TN
As of Oct '25, the median home price in Bells, TN is $199,000, with a year-over-year change of 3.1%. This indicates that home prices in Bells, TN are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $199,000 | 3.1% |
| Single Family | $200,000 | 3.1% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bells, TN
As of July '25, Rentcast reports the average rent in Bells, TN is $950, with a year-over-year rent change of -44.1%. Per bedroom, the median rent as of July '25 in Bells, TN is 3-bedrooms: $950. The most common rental property sizes in Bells, TN are 2-bedroom and 3-bedroom, accounting for 42.2% and 38.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $800 | $950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $800 | $950 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Bells, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Bells, TN is 110. This is a increase of 114.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $316,000 | 8.0% |
Listing Count | 12 | 91.0% |
| Listings as % of Homes | 0.3% | 91.0% |
Days on Market | 110 | 114.0% |
Demographics — Bells, TN
As of the latest ACS Survey released in 2023, Bells, TN has a population of 5,380, which has increased by 7.5% over the past 5 years. Bells, TN is a popular place for families, as children make up 25.4% of the population. The area has a poorly educated workforce, with 16.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,380 | 7.5% |
% Under 18 | 25.4% | -0.4% |
% Seniors | 18.0% | 2.9% |
% WFH | 7.5% | 275.0% |
% w/ College Degree | 16.8% | 29.2% |
As of the latest ACS Survey released in 2023, Bells, TN is a predominantly white area, with 71.9% of the population identifying as white. The white population has grown by 4.1% in the last 5 years. The second most common race or ethnicity in Bells, TN is hispanic, making up 12.7% of the population. Foreign-born residents account for 5.3% of the population in Bells, TN, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 71.9% | 4.1% |
% Black | 12.1% | -17.7% |
% Hispanic | 12.7% | -5.9% |
% Asian | 0.1% | -87.5% |
% Foreign Born | 5.3% | 0.0% |
Mortgage and Risk — Bells, TN
According to HUD data as of 2023, there were 49 mortgage originations in Bells, TN, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Bells, TN. Investor activity is low, as 12.0% 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 | 49 |
% Conventional Loans | 55.0% |
% Government Loans | 45.0% |
% Investor Loans | 12.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Bells, TN
Bells, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $890 |
| 2 Bedroom | N/A | N/A | $1,140 |
| 3 Bedroom | $620 | $800 | $1,420 |
| 4 Bedroom | N/A | N/A | $1,740 |
Affordability — Bells, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $199,000 |
| Median Household Income | $61,200 |