Cottage Grove, TN—38224
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cottage Grove, TN
As of Oct '25, the median home price in Cottage Grove, TN is $244,000, with a year-over-year change of -0.6%. This indicates that home prices in Cottage Grove, TN are flat. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $244,000 | -0.6% |
| Single Family | $244,000 | 0.4% |
| 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 — Cottage Grove, TN
Cottage Grove, 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 — Cottage Grove, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Cottage Grove, TN is 56. This is a increase of 57.0% 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 | $225,000 | -43.0% |
Listing Count | 3 | -30.0% |
| Listings as % of Homes | 0.5% | -30.0% |
Days on Market | 56 | 57.0% |
Demographics — Cottage Grove, TN
As of the latest ACS Survey released in 2023, Cottage Grove, TN has a population of 923, which has increased by 5.1% over the past 5 years. Cottage Grove, TN is a moderately popular place for families, as children make up 22.4% of the population. The area has a poorly educated workforce, with 17.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 923 | 5.1% |
% Under 18 | 22.4% | 2.8% |
% Seniors | 18.1% | -3.7% |
% WFH | 5.4% | ∞% |
% w/ College Degree | 17.2% | 37.6% |
As of the latest ACS Survey released in 2023, Cottage Grove, TN is a predominantly white area, with 87.3% of the population identifying as white. The white population has shrunk by 7.7% in the last 5 years. The second most common race or ethnicity in Cottage Grove, TN is black, making up 2.3% of the population. Foreign-born residents account for 0.4% of the population in Cottage Grove, TN, and this percentage has increased by Inf% 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 | 87.3% | -7.7% |
% Black | 2.3% | 0.0% |
% Hispanic | 1.2% | -61.3% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.4% | ∞% |
Mortgage and Risk — Cottage Grove, TN
According to HUD data as of 2023, there were 26 mortgage originations in Cottage Grove, TN, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Cottage Grove, TN. Investor activity is low, as 12.0% of loans were by investors. 23.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 26 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 12.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 23.0% |
Loan Activity
Rentals and Section 8 — Cottage Grove, TN
Cottage Grove, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
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 | $1,080 |
| 4 Bedroom | N/A | N/A | $1,320 |
Affordability — Cottage Grove, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $244,000 |
| Median Household Income | $58,800 |