Summertown, TN—38483
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Summertown, TN
As of Oct '25, the median home price in Summertown, TN is $287,000, with a year-over-year change of 4.5%. This indicates that home prices in Summertown, TN are increasing. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $287,000 | 4.5% |
| Single Family | $287,000 | 5.5% |
| 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 | $335,000 | 4.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Summertown, TN
As of July '25, Rentcast reports the average rent in Summertown, TN is $1,350, with a year-over-year rent change of 22.7%. Per bedroom, the median rent as of July '25 in Summertown, TN is 3-bedrooms: $1,350. The most common rental property sizes in Summertown, TN are 1-bedroom and 2-bedroom, accounting for 39.2% and 37.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,350 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,350 | $1,350 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Summertown, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Summertown, TN is 86. This is a increase of 26.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $376,000 | 4.0% |
Listing Count | 51 | 26.0% |
| Listings as % of Homes | 1.1% | 26.0% |
Days on Market | 86 | 26.0% |
Demographics — Summertown, TN
As of the latest ACS Survey released in 2023, Summertown, TN has a population of 7,130, which has increased by 28.1% over the past 5 years. Summertown, TN is a popular place for families, as children make up 31.0% of the population. The area has a poorly educated workforce, with 13.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,130 | 28.1% |
% Under 18 | 31.0% | 9.9% |
% Seniors | 13.0% | -29.3% |
% WFH | 9.8% | 444.4% |
% w/ College Degree | 13.6% | 37.4% |
As of the latest ACS Survey released in 2023, Summertown, TN is a predominantly white area, with 95.0% of the population identifying as white. The white population has grown by 0.1% in the last 5 years. The second most common race or ethnicity in Summertown, TN is hispanic, making up 2.8% of the population. Foreign-born residents account for 1.2% of the population in Summertown, TN, and this percentage has increased by 140.0% 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 | 95.0% | 0.1% |
% Black | 0.9% | 800.0% |
% Hispanic | 2.8% | -24.3% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.2% | 140.0% |
Mortgage and Risk — Summertown, TN
According to HUD data as of 2023, there were 126 mortgage originations in Summertown, TN, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Summertown, TN. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 126 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Summertown, TN
Summertown, 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 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $920 |
| 2 Bedroom | N/A | N/A | $1,210 |
| 3 Bedroom | $210 | $1,350 | $1,560 |
| 4 Bedroom | N/A | N/A | $1,610 |
Affordability — Summertown, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $287,000 |
| Median Household Income | $60,300 |