Grand Junction, TN—38039
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Grand Junction, TN
Grand Junction, TN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $148,000 | -1.8% |
| Single Family | $148,000 | -0.7% |
| 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 — Grand Junction, TN
Grand Junction, 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 |
% of Rental Stock
Property Listings — Grand Junction, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Grand Junction, TN is 45. This is a decrease of -56.0% 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 | $387,000 | 18.0% |
Listing Count | 4 | 83.0% |
| Listings as % of Homes | 0.1% | 83.0% |
Days on Market | 45 | -56.0% |
Demographics — Grand Junction, TN
As of the latest ACS Survey released in 2023, Grand Junction, TN has a population of 1,380, which has decreased by -21.3% over the past 5 years. Grand Junction, TN is a less popular place for families, as children make up 9.1% of the population. The area has a poorly educated workforce, with 9.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,380 | -21.3% |
% Under 18 | 9.1% | -69.6% |
% Seniors | 21.6% | 24.1% |
% WFH | 8.1% | ∞% |
% w/ College Degree | 9.9% | -2.9% |
As of the latest ACS Survey released in 2023, Grand Junction, TN is a predominantly black area, with 75.4% of the population identifying as black. The black population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Grand Junction, TN is white, making up 23.2% of the population. Foreign-born residents account for 0.1% of the population in Grand Junction, 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 | 23.2% | 10.0% |
% Black | 75.4% | -3.1% |
% Hispanic | 0.2% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.1% | 0.0% |
Mortgage and Risk — Grand Junction, TN
According to HUD data as of 2023, there were 30 mortgage originations in Grand Junction, TN, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Grand Junction, TN. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 30 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Grand Junction, TN
Grand Junction, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,040 |
| 2 Bedroom | N/A | N/A | $1,170 |
| 3 Bedroom | N/A | N/A | $1,540 |
| 4 Bedroom | N/A | N/A | $1,800 |
Affordability — Grand Junction, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $148,000 |
| Median Household Income | $44,100 |