Gleason, TN—38229
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gleason, TN
As of Oct '25, the median home price in Gleason, TN is $151,000, with a year-over-year change of 6.8%. This indicates that home prices in Gleason, TN are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $151,000 | 6.8% |
| Single Family | $152,000 | 7.0% |
| 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 — Gleason, TN
Gleason, TN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $950 | $950 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Gleason, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Gleason, TN is 103. This is a decrease of -4.0% 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 46.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $200,000 | -2.0% |
Listing Count | 13 | 5.0% |
| Listings as % of Homes | 0.4% | 5.0% |
Days on Market | 103 | -4.0% |
Demographics — Gleason, TN
As of the latest ACS Survey released in 2023, Gleason, TN has a population of 2,510, which has decreased by -12.3% over the past 5 years. Gleason, TN is a moderately popular place for families, as children make up 21.5% of the population. The area has a poorly educated workforce, with 19.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,510 | -12.3% |
% Under 18 | 21.5% | 0.0% |
% Seniors | 13.7% | -22.6% |
% WFH | 3.5% | 1,650.0% |
% w/ College Degree | 19.4% | -7.6% |
As of the latest ACS Survey released in 2023, Gleason, TN is a predominantly white area, with 93.1% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Gleason, TN is hispanic, making up 2.2% of the population. Foreign-born residents account for 0.4% of the population in Gleason, TN, and this percentage has increased by 300.0% 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 | 93.1% | -1.3% |
% Black | 1.2% | -20.0% |
% Hispanic | 2.2% | 46.7% |
% Asian | 0.8% | 700.0% |
% Foreign Born | 0.4% | 300.0% |
Mortgage and Risk — Gleason, TN
According to HUD data as of 2023, there were 58 mortgage originations in Gleason, TN, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Gleason, TN. Investor activity is low, as 7.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 58 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Gleason, TN
Gleason, 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 | $730 |
| 2 Bedroom | -$50 | $950 | $900 |
| 3 Bedroom | N/A | N/A | $1,080 |
| 4 Bedroom | N/A | N/A | $1,510 |
Affordability — Gleason, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $151,000 |
| Median Household Income | $56,200 |