Mount Pleasant, TN—38474
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mount Pleasant, TN
As of Oct '25, the median home price in Mount Pleasant, TN is $267,000, with a year-over-year change of -2.5%. This indicates that home prices in Mount Pleasant, TN are decreasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $267,000 | -2.5% |
| Single Family | $268,000 | -2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $191,000 | -1.0% |
3 Bed | $313,000 | -0.3% |
4 Bed | $391,000 | 1.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mount Pleasant, TN
As of July '25, Rentcast reports the average rent in Mount Pleasant, TN is $1,180, with a year-over-year rent change of -31.0%. Per bedroom, the median rent as of July '25 in Mount Pleasant, TN is 1-bedrooms: $700, 2-bedrooms: $988, 3-bedrooms: $1,850. The most common rental property sizes in Mount Pleasant, TN are 2-bedroom and 3-bedroom, accounting for 42.7% and 25.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $825 | $1,180 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $600 | $700 |
| 2 Bed Rent | $825 | $988 |
| 3 Bed Rent | $1,850 | $1,850 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mount Pleasant, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Mount Pleasant, TN is 83. This is a increase of 20.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $340,000 | -1.0% |
Listing Count | 67 | -3.0% |
| Listings as % of Homes | 0.9% | -3.0% |
Days on Market | 83 | 20.0% |
Demographics — Mount Pleasant, TN
As of the latest ACS Survey released in 2023, Mount Pleasant, TN has a population of 9,340, which has increased by 8.3% over the past 5 years. Mount Pleasant, TN is a popular place for families, as children make up 28.1% of the population. The area has a poorly educated workforce, with 12.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,340 | 8.3% |
% Under 18 | 28.1% | 33.8% |
% Seniors | 13.6% | -22.3% |
% WFH | 4.7% | 193.8% |
% w/ College Degree | 12.3% | -25.9% |
As of the latest ACS Survey released in 2023, Mount Pleasant, TN is a predominantly white area, with 78.8% of the population identifying as white. The white population has shrunk by 7.8% in the last 5 years. The second most common race or ethnicity in Mount Pleasant, TN is black, making up 14.9% of the population. Foreign-born residents account for 0.4% of the population in Mount Pleasant, TN, and this percentage has decreased by 81.8% 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 | 78.8% | -7.8% |
% Black | 14.9% | 91.0% |
% Hispanic | 0.5% | -88.1% |
% Asian | 0.1% | 0.0% |
% Foreign Born | 0.4% | -81.8% |
Mortgage and Risk — Mount Pleasant, TN
According to HUD data as of 2023, there were 144 mortgage originations in Mount Pleasant, TN, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Mount Pleasant, TN. Investor activity is low, as 6.0% 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 | 144 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Mount Pleasant, TN
Mount Pleasant, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 148 |
Total Units Section 8 | 32 |
% Rentals under Section 8 | 3.3% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $320 | $600 | $920 |
| 2 Bedroom | $385 | $825 | $1,210 |
| 3 Bedroom | -$290 | $1,850 | $1,560 |
| 4 Bedroom | N/A | N/A | $1,610 |
Affordability — Mount Pleasant, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $267,000 |
| Median Household Income | $63,700 |