Paris, TN—38242
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Paris, TN
As of Oct '25, the median home price in Paris, TN is $204,000, with a year-over-year change of 2.5%. This indicates that home prices in Paris, TN are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $204,000 | 2.5% |
| Single Family | $203,000 | 3.6% |
| 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 | $231,000 | 4.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Paris, TN
As of July '25, Rentcast reports the average rent in Paris, TN is $1,120, with a year-over-year rent change of -1.8%. Per bedroom, the median rent as of July '25 in Paris, TN is 1-bedrooms: $495, 2-bedrooms: $1,280, 3-bedrooms: $1,350. The most common rental property sizes in Paris, TN are 2-bedroom and 3-bedroom, accounting for 45.1% and 26.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,120 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $495 | $495 |
| 2 Bed Rent | $1,280 | $1,280 |
| 3 Bed Rent | $1,250 | $1,350 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Paris, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Paris, TN is 74. This is a increase of 23.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $300,000 | 0.0% |
Listing Count | 96 | -4.0% |
| Listings as % of Homes | 0.7% | -4.0% |
Days on Market | 74 | 23.0% |
Demographics — Paris, TN
As of the latest ACS Survey released in 2023, Paris, TN has a population of 19,600, which has decreased by -3.2% over the past 5 years. Paris, TN is a moderately popular place for families, as children make up 20.3% of the population. The area has a poorly educated workforce, with 20.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,600 | -3.2% |
% Under 18 | 20.3% | -7.3% |
% Seniors | 23.4% | 15.8% |
% WFH | 4.4% | 2.3% |
% w/ College Degree | 20.4% | 13.3% |
As of the latest ACS Survey released in 2023, Paris, TN is a predominantly white area, with 83.6% of the population identifying as white. The white population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Paris, TN is black, making up 10.2% of the population. Foreign-born residents account for 1.4% of the population in Paris, TN, and this percentage has increased by 55.6% 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 | 83.6% | -0.4% |
% Black | 10.2% | -16.4% |
% Hispanic | 2.3% | 15.0% |
% Asian | 0.4% | 33.3% |
% Foreign Born | 1.4% | 55.6% |
Mortgage and Risk — Paris, TN
According to HUD data as of 2023, there were 328 mortgage originations in Paris, TN, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Paris, TN. Investor activity is low, as 11.0% 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 | 328 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 11.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Paris, TN
Paris, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 473 |
Total Units Section 8 | 262 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 95.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $225 | $495 | $720 |
| 2 Bedroom | -$330 | $1,280 | $950 |
| 3 Bedroom | -$110 | $1,250 | $1,140 |
| 4 Bedroom | N/A | N/A | $1,320 |
Affordability — Paris, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $204,000 |
| Median Household Income | $44,800 |