Cookeville, TN—38501
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Cookeville, TN
Home Price Trends — Cookeville, TN
As of Oct '25, the median home price in Cookeville, TN is $293,000, with a year-over-year change of 1.0%. This indicates that home prices in Cookeville, TN are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $293,000 | 1.0% |
| Single Family | $295,000 | 1.4% |
| Condos | $184,000 | 12.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $135,000 | 3.1% |
2 Bed | $230,000 | 2.7% |
3 Bed | $308,000 | 1.3% |
4 Bed | $414,000 | 1.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cookeville, TN
As of July '25, Rentcast reports the average rent in Cookeville, TN is $1,160, with a year-over-year rent change of -13.4%. Per bedroom, the median rent as of July '25 in Cookeville, TN is 1-bedrooms: $810, 2-bedrooms: $1,080, 3-bedrooms: $1,590, 4-bedrooms: $1,720. The most common rental property sizes in Cookeville, TN are 2-bedroom and 3-bedroom, accounting for 44.1% and 23.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,160 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $799 | $810 |
| 2 Bed Rent | $1,080 | $1,080 |
| 3 Bed Rent | $1,600 | $1,590 |
| 4 Bed Rent | $1,750 | $1,720 |
% of Rental Stock
Property Listings — Cookeville, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Cookeville, TN is 59. This is a increase of 24.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $400,000 | 7.0% |
Listing Count | 175 | 8.0% |
| Listings as % of Homes | 0.7% | 8.0% |
Days on Market | 59 | 24.0% |
Demographics — Cookeville, TN
As of the latest ACS Survey released in 2023, Cookeville, TN has a population of 42,400, which has increased by 10.5% over the past 5 years. Cookeville, TN is a moderately popular place for families, as children make up 19.2% of the population. The area has a moderately educated workforce, with 30.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,400 | 10.5% |
% Under 18 | 19.2% | 2.7% |
% Seniors | 13.9% | -12.6% |
% WFH | 7.7% | 250.0% |
% w/ College Degree | 30.8% | 17.6% |
As of the latest ACS Survey released in 2023, Cookeville, TN is a predominantly white area, with 81.6% of the population identifying as white. The white population has shrunk by 5.0% in the last 5 years. The second most common race or ethnicity in Cookeville, TN is hispanic, making up 9.2% of the population. Foreign-born residents account for 6.0% of the population in Cookeville, TN, and this percentage has decreased by 14.3% 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 | 81.6% | -5.0% |
% Black | 4.1% | 20.6% |
% Hispanic | 9.2% | 41.5% |
% Asian | 1.3% | -23.5% |
% Foreign Born | 6.0% | -14.3% |
Mortgage and Risk — Cookeville, TN
According to HUD data as of 2023, there were 478 mortgage originations in Cookeville, TN, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Cookeville, TN. Investor activity is low, as 5.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 478 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Cookeville, TN
Cookeville, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 593 |
Total Units Section 8 | 494 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$9 | $799 | $790 |
| 2 Bedroom | -$70 | $1,080 | $1,010 |
| 3 Bedroom | -$220 | $1,600 | $1,380 |
| 4 Bedroom | -$170 | $1,750 | $1,580 |
Affordability — Cookeville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $293,000 |
| Median Household Income | $50,900 |