Munford, TN—38058
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Munford, TN
As of Oct '25, the median home price in Munford, TN is $279,000, with a year-over-year change of 0.9%. This indicates that home prices in Munford, TN are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $279,000 | 0.9% |
| Single Family | $279,000 | 1.1% |
| 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 | $271,000 | 1.5% |
4 Bed | $355,000 | 2.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Munford, TN
As of July '25, Rentcast reports the average rent in Munford, TN is $1,660, with a year-over-year rent change of 7.1%. Per bedroom, the median rent as of July '25 in Munford, TN is 3-bedrooms: $1,600, 4-bedrooms: $2,500. The most common rental property sizes in Munford, TN are 3-bedroom and 2-bedroom, accounting for 51.7% and 43.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,420 | $1,660 |
| 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 | $1,600 |
| 4 Bed Rent | $2,500 | $2,500 |
% of Rental Stock
Property Listings — Munford, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Munford, TN is 41. This is a increase of 9.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $376,000 | 6.0% |
Listing Count | 53 | 8.0% |
| Listings as % of Homes | 0.9% | 8.0% |
Days on Market | 41 | 9.0% |
Demographics — Munford, TN
As of the latest ACS Survey released in 2023, Munford, TN has a population of 10,900, which has increased by 11.5% over the past 5 years. Munford, TN is a popular place for families, as children make up 25.9% of the population. The area has a poorly educated workforce, with 16.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,900 | 11.5% |
% Under 18 | 25.9% | -0.4% |
% Seniors | 13.7% | 6.2% |
% WFH | 10.1% | 676.9% |
% w/ College Degree | 16.0% | -7.0% |
As of the latest ACS Survey released in 2023, Munford, TN is a predominantly white area, with 82.8% of the population identifying as white. The white population has grown by 7.0% in the last 5 years. The second most common race or ethnicity in Munford, TN is black, making up 7.8% of the population. Foreign-born residents account for 1.8% of the population in Munford, TN, and this percentage has decreased by 40.0% 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 | 82.8% | 7.0% |
% Black | 7.8% | -43.5% |
% Hispanic | 3.7% | -39.3% |
% Asian | 1.0% | -54.5% |
% Foreign Born | 1.8% | -40.0% |
Mortgage and Risk — Munford, TN
According to HUD data as of 2023, there were 319 mortgage originations in Munford, TN, of which 45.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Munford, TN. Investor activity is low, as 3.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 319 |
% Conventional Loans | 45.0% |
% Government Loans | 55.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Munford, TN
Munford, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,200 |
| 2 Bedroom | N/A | N/A | $1,350 |
| 3 Bedroom | $370 | $1,400 | $1,770 |
| 4 Bedroom | -$420 | $2,500 | $2,080 |
Affordability — Munford, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $279,000 |
| Median Household Income | $78,600 |