Furnace, TN—37140
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Furnace, TN
Furnace, TN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Furnace, TN
Furnace, 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
No data available
Property Listings — Furnace, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Furnace, TN is 39. This is a increase of 4.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $779,000 | -19.0% |
Listing Count | 1 | 0.0% |
| Listings as % of Homes | N/A | 0.0% |
Days on Market | 39 | 4.0% |
Demographics — Furnace, TN
As of the latest ACS Survey released in 2023, Furnace, TN has a population of 1,490, which has increased by 12.3% over the past 5 years. Furnace, TN is a less popular place for families, as children make up 3.8% of the population. The area has a poorly educated workforce, with 9.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,490 | 12.3% |
% Under 18 | 3.8% | 660.0% |
% Seniors | 4.4% | 109.5% |
% WFH | 16.7% | ∞% |
% w/ College Degree | 9.2% | 170.6% |
As of the latest ACS Survey released in 2023, Furnace, TN is a predominantly white area, with 58.9% of the population identifying as white. The white population has grown by 56.6% in the last 5 years. The second most common race or ethnicity in Furnace, TN is black, making up 35.3% of the population. Foreign-born residents account for 2.8% of the population in Furnace, TN, and this percentage has increased by 55.6% 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 | 58.9% | 56.6% |
% Black | 35.3% | -38.6% |
% Hispanic | 4.6% | 48.4% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 2.8% | 55.6% |
Mortgage and Risk — Furnace, TN
According to HUD data as of 2023, there were 17 mortgage originations in Furnace, TN, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Furnace, TN. Investor activity is low, as 0.0% of loans were by investors. 24.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 17 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 24.0% |
Loan Activity
Rentals and Section 8 — Furnace, TN
Furnace, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $830 |
| 2 Bedroom | N/A | N/A | $940 |
| 3 Bedroom | N/A | N/A | $1,240 |
| 4 Bedroom | N/A | N/A | $1,470 |
Affordability — Furnace, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $59,600 |