Gates, TN 38037 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Gates, TN—38037

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$137,000

8.2% YoY Growth

Household Income

$45,900

19.6% YoY Growth

Days on Market

127

66.0% Longer YoY

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Gates, TN

Gates, TN lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$137,000	8.2%
Single Family	$137,000	10.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Gates, TN

Gates, TN lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

2 Bedrooms

42.5%

3 Bedrooms

52.2%

4 Bedrooms

5.3%

Property Listings — Gates, TN

As of May '26, Realtor.com reports that the median days on market for a home in Gates, TN is 127. This is a increase of 66.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$217,000	58.0%
Listing Count	6	44.0%
Listings as % of Homes	0.3%	44.0%
Days on Market	127	66.0%

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Demographics — Gates, TN

As of the latest ACS Survey released in 2023, Gates, TN has a population of 1,560, which has decreased by -7.3% over the past 5 years. Gates, TN is a popular place for families, as children make up 30.2% of the population. The area has a poorly educated workforce, with 12.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,560	-7.3%
% Under 18	30.2%	9.8%
% Seniors	18.5%	10.8%
% WFH	0.8%	-27.3%
% w/ College Degree	12.5%	108.3%

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As of the latest ACS Survey released in 2023, Gates, TN is a predominantly white area, with 66.3% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Gates, TN is black, making up 27.7% of the population. Foreign-born residents account for 0.0% of the population in Gates, TN, and this percentage has decreased by 100.0% 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	66.3%	-4.6%
% Black	27.7%	-5.5%
% Hispanic	1.5%	275.0%
% Asian	0.0%	N/A
% Foreign Born	0.0%	-100.0%

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Mortgage and Risk — Gates, TN

According to HUD data as of 2023, there were 51 mortgage originations in Gates, TN, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Gates, TN. Investor activity is low, as 8.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	51
% Conventional Loans	73.0%
% Government Loans	27.0%
% Investor Loans	8.0%
% Second Loans	0.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Gates, TN

Gates, TN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	14
Total Units Section 8	14
% Rentals under Section 8	N/A
% Occupied Section 8	87.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$690
2 Bedroom	N/A	N/A	$900
3 Bedroom	N/A	N/A	$1,200
4 Bedroom	N/A	N/A	$1,430

Gates, TN—38037

Key Metrics at a Glance

Home Price Trends — Gates, TN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Gates, TN

% of Rental Stock

Property Listings — Gates, TN

Demographics — Gates, TN

Race and Ethnicity

Mortgage and Risk — Gates, TN

Mortgages

Rentals and Section 8 — Gates, TN

Section 8 Market Size

Section 8 Opportunity

Affordability — Gates, TN

Home Price to Income Ratio

Gates, TN — ZIP Code Boundary Map

Nearby ZIP Codes

Halls, TN

Maury City

Friendship, TN

Brownsville, TN

Alamo, TN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$137,000
Median Household Income	$45,900

Gates, TN—38037

Key Metrics at a Glance

Home Price Trends — Gates, TN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Gates, TN

% of Rental Stock

Property Listings — Gates, TN

Demographics — Gates, TN

Race and Ethnicity

Mortgage and Risk — Gates, TN

Mortgages

Rentals and Section 8 — Gates, TN

Section 8 Market Size

Section 8 Opportunity

Affordability — Gates, TN

Home Price to Income Ratio

Gates, TN — ZIP Code Boundary Map

Nearby ZIP Codes

Halls, TN

Maury City

Friendship, TN

Brownsville, TN

Alamo, TN

Frequently Asked Questions

What is the average home price in Gates, TN 38037?

How have home prices in Gates, TN 38037 changed over the past year?

What is the home price projection for Gates, TN 38037?

What are the demographics of Gates, TN 38037?

How long does it take homes to sell in Gates, TN 38037?

What is the average rent price in Gates, TN 38037?