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Leoma, TN—38468

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$264,000
6.7% YoY Growth
Household Income
$59,900
38.0% YoY Growth
Days on Market
106
38.0% Longer YoY
Home Price Forecast
0.7%
Median Rent
$1,380
7.8% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,280
8.6% YoY Growth
3-Bed Rent
$1,380
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Leoma, TN

As of May '26, the median home price in Leoma, TN is $264,000, with a year-over-year change of 6.7%. This indicates that home prices in Leoma, TN are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$264,0006.7%
Single Family $264,0006.5%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$295,0002.8%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.2%
    1 Bedroom
    2.2%
    2 Bedrooms
    19.7%
    3 Bedrooms
    55.1%
    4 Bedrooms
    18.8%
    5+ Bedrooms
    3.9%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,380$1,380
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $1,280$1,390
    3 Bed Rent $1,380$1,380
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    1.3%
    2 Bedrooms
    39.5%
    3 Bedrooms
    48.9%
    4 Bedrooms
    6.1%
    5+ Bedrooms
    4.3%

    Property Listings — Leoma, TN

    As of May '26, Realtor.com reports that the median days on market for a home in Leoma, TN is 106. This is a increase of 38.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$400,00026.0%
    Listing Count
    		30-19.0%
    Listings as % of Homes0.9%-19.0%
    Days on Market
    		10638.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		5,4403.6%
    % Under 18
    		27.4%6.2%
    % Seniors
    		17.8%-7.8%
    % WFH
    		4.0%207.7%
    % w/ College Degree
    		13.5%14.4%
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    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

    MetricLatest Census5-Year % Change
    % White
    		95.6%-0.6%
    % Black
    		0.0%-100.0%
    % Hispanic
    		2.0%53.8%
    % Asian
    		0.5%∞%
    % Foreign Born
    		0.2%∞%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$790
    2 Bedroom-$250$1,280$1,030
    3 Bedroom-$140$1,380$1,240
    4 BedroomN/AN/A$1,370

    Affordability — Leoma, TN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4
    Median Home Price$264,000
    Median Household Income$59,900

    Leoma, TN — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    38457

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    Frequently Asked Questions