Germantown, TN—38138
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Germantown, TN
Home Price Trends — Germantown, TN
As of Oct '25, the median home price in Germantown, TN is $433,000, with a year-over-year change of -0.5%. This indicates that home prices in Germantown, TN are flat. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $433,000 | -0.5% |
| Single Family | $439,000 | -0.2% |
| Condos | $299,000 | 2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $235,000 | 3.1% |
3 Bed | $358,000 | -0.8% |
4 Bed | $443,000 | 0.0% |
| 5 Bed | $603,000 | -0.7% |
% of Housing Stock
Rental Trends — Germantown, TN
As of July '25, Rentcast reports the average rent in Germantown, TN is $2,590, with a year-over-year rent change of -0.4%. Per bedroom, the median rent as of July '25 in Germantown, TN is 1-bedrooms: $1,530, 2-bedrooms: $1,580, 3-bedrooms: $2,230, 4-bedrooms: $2,860. The most common rental property sizes in Germantown, TN are 2-bedroom and 1-bedroom, accounting for 36.2% and 25.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,510 | $2,590 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,360 | $1,530 |
| 2 Bed Rent | $1,530 | $1,580 |
| 3 Bed Rent | $2,200 | $2,230 |
| 4 Bed Rent | $2,680 | $2,860 |
% of Rental Stock
Property Listings — Germantown, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Germantown, TN is 81. This is a increase of 33.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $499,000 | 2.0% |
Listing Count | 151 | 21.0% |
| Listings as % of Homes | 0.6% | 21.0% |
Days on Market | 81 | 33.0% |
Demographics — Germantown, TN
As of the latest ACS Survey released in 2023, Germantown, TN has a population of 25,400, which has increased by 1.6% over the past 5 years. Germantown, TN is a popular place for families, as children make up 25.6% of the population. The area has a highly educated workforce, with 68.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,400 | 1.6% |
% Under 18 | 25.6% | 9.9% |
% Seniors | 26.6% | 15.7% |
% WFH | 17.3% | 188.3% |
% w/ College Degree | 68.8% | 11.0% |
As of the latest ACS Survey released in 2023, Germantown, TN is a predominantly white area, with 84.5% of the population identifying as white. The white population has grown by 0.4% in the last 5 years. The second most common race or ethnicity in Germantown, TN is black, making up 5.8% of the population. Foreign-born residents account for 7.2% of the population in Germantown, TN, and this percentage has decreased by 19.1% 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 | 84.5% | 0.4% |
% Black | 5.8% | 16.0% |
% Hispanic | 2.4% | -17.2% |
% Asian | 4.7% | -25.4% |
% Foreign Born | 7.2% | -19.1% |
Mortgage and Risk — Germantown, TN
According to HUD data as of 2023, there were 117 mortgage originations in Germantown, TN, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Germantown, TN. Investor activity is low, as 2.0% 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 | 117 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Germantown, TN
As of 2024, the percent of homes in Germantown, TN under the Section 8 program is 7.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Germantown, TN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 150 |
Total Units Section 8 | 150 |
% Rentals under Section 8 | 7.2% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $360 | $1,360 | $1,720 |
| 2 Bedroom | $400 | $1,530 | $1,930 |
| 3 Bedroom | $340 | $2,200 | $2,540 |
| 4 Bedroom | $290 | $2,680 | $2,970 |
Affordability — Germantown, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $433,000 |
| Median Household Income | $130,000 |