Gainesboro, TN—38562
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gainesboro, TN
As of Oct '25, the median home price in Gainesboro, TN is $200,000, with a year-over-year change of 0.3%. This indicates that home prices in Gainesboro, TN are flat. 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 | $200,000 | 0.3% |
| Single Family | $201,000 | 0.5% |
| 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 | $241,000 | 2.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gainesboro, TN
Gainesboro, TN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Gainesboro, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Gainesboro, TN is 105. This is a increase of 65.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $363,000 | 20.0% |
Listing Count | 45 | -3.0% |
| Listings as % of Homes | 0.7% | -3.0% |
Days on Market | 105 | 65.0% |
Demographics — Gainesboro, TN
As of the latest ACS Survey released in 2023, Gainesboro, TN has a population of 6,590, which has decreased by -1.1% over the past 5 years. Gainesboro, TN is a moderately popular place for families, as children make up 18.5% of the population. The area has a poorly educated workforce, with 11.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,590 | -1.1% |
% Under 18 | 18.5% | -10.2% |
% Seniors | 20.6% | -4.2% |
% WFH | 5.9% | 136.0% |
% w/ College Degree | 11.6% | 36.5% |
As of the latest ACS Survey released in 2023, Gainesboro, TN is a predominantly white area, with 96.2% of the population identifying as white. The white population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in Gainesboro, TN is black, making up 0.6% of the population. Foreign-born residents account for 0.1% of the population in Gainesboro, TN, and this percentage has decreased by 88.9% 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 | 96.2% | -0.5% |
% Black | 0.6% | -25.0% |
% Hispanic | 0.5% | 0.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.1% | -88.9% |
Mortgage and Risk — Gainesboro, TN
According to HUD data as of 2023, there were 204 mortgage originations in Gainesboro, TN, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Gainesboro, TN. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 204 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Gainesboro, TN
Gainesboro, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 72 |
Total Units Section 8 | 26 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $690 |
| 2 Bedroom | N/A | N/A | $900 |
| 3 Bedroom | N/A | N/A | $1,160 |
| 4 Bedroom | N/A | N/A | $1,260 |
Affordability — Gainesboro, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $200,000 |
| Median Household Income | $38,300 |