Cookeville, TN—38506
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 $333,000, with a year-over-year change of 0.9%. This indicates that home prices in Cookeville, TN are flat. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $333,000 | 0.9% |
| Single Family | $333,000 | 1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $237,000 | 0.0% |
3 Bed | $334,000 | 1.2% |
4 Bed | $482,000 | 1.5% |
| 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 $1,640, with a year-over-year rent change of 11.6%. Per bedroom, the median rent as of July '25 in Cookeville, TN is 1-bedrooms: $650, 2-bedrooms: $1,330, 3-bedrooms: $1,820, 4-bedrooms: $2,100. The most common rental property sizes in Cookeville, TN are 3-bedroom and 2-bedroom, accounting for 45.3% and 37.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,640 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $650 |
| 2 Bed Rent | $1,400 | $1,330 |
| 3 Bed Rent | $1,750 | $1,820 |
| 4 Bed Rent | $2,400 | $2,100 |
% 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 69. This is a increase of 9.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $396,000 | 5.0% |
Listing Count | 208 | 18.0% |
| Listings as % of Homes | 1.0% | 18.0% |
Days on Market | 69 | 9.0% |
Demographics — Cookeville, TN
As of the latest ACS Survey released in 2023, Cookeville, TN has a population of 29,700, which has increased by 4.1% over the past 5 years. Cookeville, TN is a moderately popular place for families, as children make up 20.9% 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 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,700 | 4.1% |
% Under 18 | 20.9% | -5.9% |
% Seniors | 20.5% | 9.0% |
% WFH | 8.1% | 125.0% |
% w/ College Degree | 30.8% | 12.8% |
As of the latest ACS Survey released in 2023, Cookeville, TN is a predominantly white area, with 91.5% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Cookeville, TN is hispanic, making up 5.1% of the population. Foreign-born residents account for 4.2% of the population in Cookeville, TN, and this percentage has increased by 82.6% 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 | 91.5% | -2.5% |
% Black | 0.6% | -25.0% |
% Hispanic | 5.1% | 70.0% |
% Asian | 1.0% | 42.9% |
% Foreign Born | 4.2% | 82.6% |
Mortgage and Risk — Cookeville, TN
According to HUD data as of 2023, there were 629 mortgage originations in Cookeville, TN, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Cookeville, TN. Investor activity is low, as 1.0% 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 | 629 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 1.0% |
% 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 | 165 |
Total Units Section 8 | 139 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 87.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $650 | $900 |
| 2 Bedroom | -$260 | $1,400 | $1,140 |
| 3 Bedroom | -$230 | $1,750 | $1,520 |
| 4 Bedroom | -$660 | $2,400 | $1,740 |
Affordability — Cookeville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $333,000 |
| Median Household Income | $63,100 |