Puryear, TN—38251
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Puryear, TN
As of Oct '25, the median home price in Puryear, TN is $193,000, with a year-over-year change of 1.2%. This indicates that home prices in Puryear, TN are increasing. According to Zillow, the 1-year price projection is 3.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $193,000 | 1.2% |
| Single Family | $193,000 | 2.7% |
| 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 — Puryear, TN
Puryear, 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 — Puryear, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Puryear, TN is 53. This is a increase of 27.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $209,000 | 71.0% |
Listing Count | 13 | 60.0% |
| Listings as % of Homes | 0.4% | 60.0% |
Days on Market | 53 | 27.0% |
Demographics — Puryear, TN
As of the latest ACS Survey released in 2023, Puryear, TN has a population of 3,490, which has increased by 32.3% over the past 5 years. Puryear, TN is a moderately popular place for families, as children make up 21.4% of the population. The area has a poorly educated workforce, with 17.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,490 | 32.3% |
% Under 18 | 21.4% | 12.0% |
% Seniors | 20.7% | -16.9% |
% WFH | 1.5% | -62.5% |
% w/ College Degree | 17.9% | 73.8% |
As of the latest ACS Survey released in 2023, Puryear, TN is a predominantly white area, with 88.3% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Puryear, TN is hispanic, making up 6.7% of the population. Foreign-born residents account for 1.0% of the population in Puryear, TN, and this percentage has decreased by 28.6% 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 | 88.3% | -5.8% |
% Black | 3.4% | 17.2% |
% Hispanic | 6.7% | 458.3% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.0% | -28.6% |
Mortgage and Risk — Puryear, TN
According to HUD data as of 2023, there were 49 mortgage originations in Puryear, TN, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Puryear, TN. Investor activity is low, as 4.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 49 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Puryear, TN
Puryear, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% 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 | $1,240 |
Affordability — Puryear, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $193,000 |
| Median Household Income | $52,800 |