Wartrace, TN—37183
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wartrace, TN
As of Oct '25, the median home price in Wartrace, TN is $382,000, with a year-over-year change of 2.9%. This indicates that home prices in Wartrace, TN are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $382,000 | 2.9% |
| Single Family | $382,000 | 3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $378,000 | 3.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wartrace, TN
Wartrace, 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 — Wartrace, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Wartrace, TN is 98. This is a increase of 40.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $737,000 | 9.0% |
Listing Count | 25 | 25.0% |
| Listings as % of Homes | 0.8% | 25.0% |
Days on Market | 98 | 40.0% |
Demographics — Wartrace, TN
As of the latest ACS Survey released in 2023, Wartrace, TN has a population of 3,210, which has increased by 2.9% over the past 5 years. Wartrace, TN is a moderately popular place for families, as children make up 18.0% of the population. The area has a poorly educated workforce, with 22.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,210 | 2.9% |
% Under 18 | 18.0% | -23.4% |
% Seniors | 21.1% | 24.1% |
% WFH | 6.1% | 13.0% |
% w/ College Degree | 22.8% | -5.4% |
As of the latest ACS Survey released in 2023, Wartrace, TN is a predominantly white area, with 92.4% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Wartrace, TN is black, making up 3.1% of the population. Foreign-born residents account for 1.8% of the population in Wartrace, TN, and this percentage has decreased by 5.3% 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 | 92.4% | -0.6% |
% Black | 3.1% | 0.0% |
% Hispanic | 2.0% | -23.1% |
% Asian | 0.8% | ∞% |
% Foreign Born | 1.8% | -5.3% |
Mortgage and Risk — Wartrace, TN
According to HUD data as of 2023, there were 68 mortgage originations in Wartrace, TN, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Wartrace, TN. Investor activity is low, as 1.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 68 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 22.0% |
Loan Activity
Rentals and Section 8 — Wartrace, TN
Wartrace, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% 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 | $840 |
| 2 Bedroom | N/A | N/A | $960 |
| 3 Bedroom | N/A | N/A | $1,270 |
| 4 Bedroom | N/A | N/A | $1,370 |
Affordability — Wartrace, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $382,000 |
| Median Household Income | $71,600 |