Friendship, TN—38034
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Friendship, TN
As of Oct '25, the median home price in Friendship, TN is $166,000, with a year-over-year change of 4.0%. This indicates that home prices in Friendship, TN are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $166,000 | 4.0% |
| Single Family | $166,000 | 4.4% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Friendship, TN
Friendship, TN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $650 | $1,320 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $650 | $650 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,000 | $2,000 |
% of Rental Stock
Property Listings — Friendship, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Friendship, TN is 46. This is a decrease of -62.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $189,000 | 30.0% |
Listing Count | 10 | 28.0% |
| Listings as % of Homes | 0.3% | 28.0% |
Days on Market | 46 | -62.0% |
Demographics — Friendship, TN
As of the latest ACS Survey released in 2023, Friendship, TN has a population of 3,370, which has increased by 20.9% over the past 5 years. Friendship, TN is a moderately popular place for families, as children make up 20.1% of the population. The area has a poorly educated workforce, with 14.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,370 | 20.9% |
% Under 18 | 20.1% | -21.5% |
% Seniors | 16.4% | -9.9% |
% WFH | 4.5% | 73.1% |
% w/ College Degree | 14.6% | 9.0% |
As of the latest ACS Survey released in 2023, Friendship, TN is a predominantly white area, with 76.5% of the population identifying as white. The white population has shrunk by 7.4% in the last 5 years. The second most common race or ethnicity in Friendship, TN is black, making up 7.8% of the population. Foreign-born residents account for 3.7% of the population in Friendship, TN, and this percentage has increased by 48.0% 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 | 76.5% | -7.4% |
% Black | 7.8% | -15.2% |
% Hispanic | 6.4% | 18.5% |
% Asian | 0.6% | -14.3% |
% Foreign Born | 3.7% | 48.0% |
Mortgage and Risk — Friendship, TN
According to HUD data as of 2023, there were 30 mortgage originations in Friendship, TN, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Friendship, TN. Investor activity is low, as 7.0% of loans were by investors. 27.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 30 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 27.0% |
Loan Activity
Rentals and Section 8 — Friendship, TN
Friendship, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 20 |
Total Units Section 8 | 0 |
% 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 | N/A | N/A | $710 |
| 2 Bedroom | $250 | $650 | $900 |
| 3 Bedroom | N/A | N/A | $1,120 |
| 4 Bedroom | -$590 | $2,000 | $1,410 |
Affordability — Friendship, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $166,000 |
| Median Household Income | $48,900 |