Greenfield, TN—38230
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Greenfield, TN
As of Oct '25, the median home price in Greenfield, TN is $151,000, with a year-over-year change of 3.8%. This indicates that home prices in Greenfield, TN are increasing. According to Zillow, the 1-year price projection is 4.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $151,000 | 3.8% |
| Single Family | $151,000 | 5.6% |
| 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 — Greenfield, TN
Greenfield, 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 — Greenfield, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Greenfield, TN is 98. This is a increase of 74.0% 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 | $190,000 | -24.0% |
Listing Count | 12 | -15.0% |
| Listings as % of Homes | 0.7% | -15.0% |
Days on Market | 98 | 74.0% |
Demographics — Greenfield, TN
As of the latest ACS Survey released in 2023, Greenfield, TN has a population of 3,710, which has remained stable by 0.3% over the past 5 years. Greenfield, TN is a moderately popular place for families, as children make up 20.8% of the population. The area has a poorly educated workforce, with 20.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,710 | 0.3% |
% Under 18 | 20.8% | 3.5% |
% Seniors | 20.1% | -2.4% |
% WFH | 5.9% | 145.8% |
% w/ College Degree | 20.8% | 39.6% |
As of the latest ACS Survey released in 2023, Greenfield, TN is a predominantly white area, with 92.3% of the population identifying as white. The white population has grown by 3.1% in the last 5 years. The second most common race or ethnicity in Greenfield, TN is black, making up 2.8% of the population. Foreign-born residents account for 1.9% of the population in Greenfield, TN, and this percentage has increased by 11.8% 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 | 92.3% | 3.1% |
% Black | 2.8% | -49.1% |
% Hispanic | 1.9% | -36.7% |
% Asian | 0.5% | 66.7% |
% Foreign Born | 1.9% | 11.8% |
Mortgage and Risk — Greenfield, TN
According to HUD data as of 2023, there were 30 mortgage originations in Greenfield, TN, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Greenfield, TN. Investor activity is low, as 7.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 30 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 7.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Greenfield, TN
Greenfield, 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 | N/A | N/A | $900 |
| 3 Bedroom | N/A | N/A | $1,080 |
| 4 Bedroom | N/A | N/A | $1,510 |
Affordability — Greenfield, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $151,000 |
| Median Household Income | $52,600 |