Drummonds, TN—38023
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Drummonds, TN
As of Oct '25, the median home price in Drummonds, TN is $263,000, with a year-over-year change of 0.1%. This indicates that home prices in Drummonds, TN are flat. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $263,000 | 0.1% |
| Single Family | $262,000 | 0.4% |
| 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 | $272,000 | 1.9% |
4 Bed | $352,000 | 0.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Drummonds, TN
As of July '25, Rentcast reports the average rent in Drummonds, TN is $1,680, with a year-over-year rent change of 12.8%. Per bedroom, the median rent as of July '25 in Drummonds, TN is 3-bedrooms: $1,620, 4-bedrooms: $1,900. The most common rental property sizes in Drummonds, TN are 2-bedroom and 3-bedroom, accounting for 49.6% and 43.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $1,680 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,400 | $1,620 |
| 4 Bed Rent | $1,900 | $1,900 |
% of Rental Stock
Property Listings — Drummonds, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Drummonds, TN is 84. This is a increase of 96.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $437,000 | 11.0% |
Listing Count | 13 | -15.0% |
| Listings as % of Homes | 0.3% | -15.0% |
Days on Market | 84 | 96.0% |
Demographics — Drummonds, TN
As of the latest ACS Survey released in 2023, Drummonds, TN has a population of 5,340, which has decreased by -24.2% over the past 5 years. Drummonds, TN is a moderately popular place for families, as children make up 20.6% of the population. The area has a poorly educated workforce, with 21.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,340 | -24.2% |
% Under 18 | 20.6% | -36.2% |
% Seniors | 22.1% | 100.9% |
% WFH | 6.4% | 190.9% |
% w/ College Degree | 21.6% | 89.5% |
As of the latest ACS Survey released in 2023, Drummonds, TN is a predominantly white area, with 85.3% of the population identifying as white. The white population has grown by 8.5% in the last 5 years. The second most common race or ethnicity in Drummonds, TN is black, making up 7.3% of the population. Foreign-born residents account for 1.1% of the population in Drummonds, TN, and this percentage has decreased by 15.4% 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 | 85.3% | 8.5% |
% Black | 7.3% | -54.4% |
% Hispanic | 2.1% | 50.0% |
% Asian | 1.0% | 25.0% |
% Foreign Born | 1.1% | -15.4% |
Mortgage and Risk — Drummonds, TN
According to HUD data as of 2023, there were 82 mortgage originations in Drummonds, TN, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Drummonds, 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 | 82 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Drummonds, TN
Drummonds, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,230 |
| 2 Bedroom | N/A | N/A | $1,380 |
| 3 Bedroom | $410 | $1,400 | $1,810 |
| 4 Bedroom | $220 | $1,900 | $2,120 |
Affordability — Drummonds, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $263,000 |
| Median Household Income | $71,700 |