Collierville, TN—38017
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Collierville, TN
As of Oct '25, the median home price in Collierville, TN is $510,000, with a year-over-year change of -0.6%. This indicates that home prices in Collierville, TN are flat. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $510,000 | -0.6% |
| Single Family | $505,000 | -0.8% |
| Condos | $540,000 | 0.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $327,000 | -2.1% |
3 Bed | $370,000 | -0.5% |
4 Bed | $525,000 | -0.6% |
| 5 Bed | $672,000 | -1.8% |
% of Housing Stock
Rental Trends — Collierville, TN
As of July '25, Rentcast reports the average rent in Collierville, TN is $2,800, with a year-over-year rent change of -2.1%. Per bedroom, the median rent as of July '25 in Collierville, TN is studios: $1,340, 1-bedrooms: $1,530, 2-bedrooms: $1,530, 3-bedrooms: $2,260, 4-bedrooms: $3,080. The most common rental property sizes in Collierville, TN are 2-bedroom and 3-bedroom, accounting for 39.2% and 28.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,800 |
| Studio Rent | $1,340 | $1,340 |
| 1 Bed Rent | $1,500 | $1,530 |
| 2 Bed Rent | $1,360 | $1,530 |
| 3 Bed Rent | $2,200 | $2,260 |
| 4 Bed Rent | $3,000 | $3,080 |
% of Rental Stock
Property Listings — Collierville, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Collierville, TN is 88. This is a increase of 29.0% 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 | $610,000 | -3.0% |
Listing Count | 413 | 30.0% |
| Listings as % of Homes | 1.0% | 30.0% |
Days on Market | 88 | 29.0% |
Demographics — Collierville, TN
As of the latest ACS Survey released in 2023, Collierville, TN has a population of 56,400, which has increased by 3.8% over the past 5 years. Collierville, TN is a popular place for families, as children make up 26.6% of the population. The area has a highly educated workforce, with 60.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 56,400 | 3.8% |
% Under 18 | 26.6% | 5.1% |
% Seniors | 14.8% | 10.4% |
% WFH | 18.0% | 260.0% |
% w/ College Degree | 60.0% | 7.1% |
As of the latest ACS Survey released in 2023, Collierville, TN is a predominantly white area, with 68.5% of the population identifying as white. The white population has shrunk by 6.5% in the last 5 years. The second most common race or ethnicity in Collierville, TN is asian, making up 12.2% of the population. Foreign-born residents account for 11.4% of the population in Collierville, TN, and this percentage has increased by 16.3% 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 | 68.5% | -6.5% |
% Black | 11.3% | -12.4% |
% Hispanic | 4.6% | 100.0% |
% Asian | 12.2% | 43.5% |
% Foreign Born | 11.4% | 16.3% |
Mortgage and Risk — Collierville, TN
According to HUD data as of 2023, there were 496 mortgage originations in Collierville, TN, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Collierville, TN. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 496 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Collierville, TN
As of 2024, the percent of homes in Collierville, TN under the Section 8 program is 0.0%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Collierville, TN, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $1,500 | $1,600 |
| 2 Bedroom | $440 | $1,360 | $1,800 |
| 3 Bedroom | $170 | $2,200 | $2,370 |
| 4 Bedroom | -$230 | $3,000 | $2,770 |
Affordability — Collierville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $510,000 |
| Median Household Income | $136,000 |