Leoma, TN—38468
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Leoma, TN
As of Oct '25, the median home price in Leoma, TN is $244,000, with a year-over-year change of 4.3%. This indicates that home prices in Leoma, TN are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $244,000 | 4.3% |
| Single Family | $244,000 | 4.7% |
| 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 | $282,000 | 2.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Leoma, TN
As of July '25, Rentcast reports the average rent in Leoma, TN is $1,380, with a year-over-year rent change of 7.8%. Per bedroom, the median rent as of July '25 in Leoma, TN is 2-bedrooms: $1,390, 3-bedrooms: $1,380. The most common rental property sizes in Leoma, TN are 3-bedroom and 2-bedroom, accounting for 48.9% and 39.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,380 | $1,380 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,280 | $1,390 |
| 3 Bed Rent | $1,380 | $1,380 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Leoma, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Leoma, TN is 58. This is a increase of 47.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $427,000 | 26.0% |
Listing Count | 41 | 39.0% |
| Listings as % of Homes | 0.9% | 39.0% |
Days on Market | 58 | 47.0% |
Demographics — Leoma, TN
As of the latest ACS Survey released in 2023, Leoma, TN has a population of 5,440, which has increased by 3.6% over the past 5 years. Leoma, TN is a popular place for families, as children make up 27.4% of the population. The area has a poorly educated workforce, with 13.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,440 | 3.6% |
% Under 18 | 27.4% | 6.2% |
% Seniors | 17.8% | -7.8% |
% WFH | 4.0% | 207.7% |
% w/ College Degree | 13.5% | 14.4% |
As of the latest ACS Survey released in 2023, Leoma, TN is a predominantly white area, with 95.6% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Leoma, TN is hispanic, making up 2.0% of the population. Foreign-born residents account for 0.2% of the population in Leoma, 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 | 95.6% | -0.6% |
% Black | 0.0% | -100.0% |
% Hispanic | 2.0% | 53.8% |
% Asian | 0.5% | ∞% |
% Foreign Born | 0.2% | ∞% |
Mortgage and Risk — Leoma, TN
According to HUD data as of 2023, there were 83 mortgage originations in Leoma, TN, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Leoma, TN. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 83 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Leoma, TN
Leoma, 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 | $790 |
| 2 Bedroom | -$250 | $1,280 | $1,030 |
| 3 Bedroom | -$140 | $1,380 | $1,240 |
| 4 Bedroom | N/A | N/A | $1,370 |
Affordability — Leoma, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $244,000 |
| Median Household Income | $59,900 |