Springville, TN—38256
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Springville, TN
As of Oct '25, the median home price in Springville, TN is $192,000, with a year-over-year change of 4.3%. This indicates that home prices in Springville, TN are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $192,000 | 4.3% |
| Single Family | $189,000 | 6.2% |
| 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 — Springville, TN
As of July '25, Rentcast reports the average rent in Springville, TN is $1,100, with a year-over-year rent change of -8.3%. Per bedroom, the median rent as of July '25 in Springville, TN is 2-bedrooms: $1,100. The most common rental property sizes in Springville, TN are 2-bedroom and 3-bedroom, accounting for 58.5% and 26.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,100 | $1,100 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Springville, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Springville, TN is 70. This is a increase of 22.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $272,000 | -32.0% |
Listing Count | 33 | 53.0% |
| Listings as % of Homes | 0.7% | 53.0% |
Days on Market | 70 | 22.0% |
Demographics — Springville, TN
As of the latest ACS Survey released in 2023, Springville, TN has a population of 2,990, which has increased by 12.1% over the past 5 years. Springville, TN is a less popular place for families, as children make up 10.4% of the population. The area has a poorly educated workforce, with 15.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,990 | 12.1% |
% Under 18 | 10.4% | -7.1% |
% Seniors | 30.1% | -28.8% |
% WFH | 11.1% | 32.1% |
% w/ College Degree | 15.3% | 11.7% |
As of the latest ACS Survey released in 2023, Springville, TN is a predominantly white area, with 97.5% of the population identifying as white. The white population has grown by 0.6% in the last 5 years. The second most common race or ethnicity in Springville, TN is hispanic, making up 0.9% of the population. Foreign-born residents account for 0.9% of the population in Springville, 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 | 97.5% | 0.6% |
% Black | 0.2% | -85.7% |
% Hispanic | 0.9% | 0.0% |
% Asian | 0.5% | ∞% |
% Foreign Born | 0.9% | ∞% |
Mortgage and Risk — Springville, TN
According to HUD data as of 2023, there were 49 mortgage originations in Springville, TN, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Springville, TN. Investor activity is low, as 10.0% 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 | 49 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 10.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Springville, TN
Springville, 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 | $910 |
| 2 Bedroom | $100 | $1,100 | $1,200 |
| 3 Bedroom | N/A | N/A | $1,450 |
| 4 Bedroom | N/A | N/A | $1,650 |
Affordability — Springville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $192,000 |
| Median Household Income | $50,600 |