Westmoreland, TN—37186
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Westmoreland, TN
As of Oct '25, the median home price in Westmoreland, TN is $278,000, with a year-over-year change of 0.5%. This indicates that home prices in Westmoreland, TN are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $278,000 | 0.5% |
| Single Family | $278,000 | 1.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $218,000 | 0.9% |
3 Bed | $313,000 | 1.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Westmoreland, TN
As of July '25, Rentcast reports the average rent in Westmoreland, TN is $1,750, with a year-over-year rent change of 90.2%. Per bedroom, the median rent as of July '25 in Westmoreland, TN is 2-bedrooms: $1,200, 3-bedrooms: $1,850, 4-bedrooms: $2,000. The most common rental property sizes in Westmoreland, TN are 3-bedroom and 2-bedroom, accounting for 46.8% and 36.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $1,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,200 | $1,200 |
| 3 Bed Rent | $2,000 | $1,850 |
| 4 Bed Rent | $2,000 | $2,000 |
% of Rental Stock
Property Listings — Westmoreland, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Westmoreland, TN is 57. This is a increase of 11.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $339,000 | -2.0% |
Listing Count | 56 | 26.0% |
| Listings as % of Homes | 0.7% | 26.0% |
Days on Market | 57 | 11.0% |
Demographics — Westmoreland, TN
As of the latest ACS Survey released in 2023, Westmoreland, TN has a population of 10,600, which has increased by 13.8% over the past 5 years. Westmoreland, TN is a moderately popular place for families, as children make up 24.7% of the population. The area has a poorly educated workforce, with 9.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,600 | 13.8% |
% Under 18 | 24.7% | 6.9% |
% Seniors | 13.4% | 2.3% |
% WFH | 6.6% | 144.4% |
% w/ College Degree | 9.1% | -26.6% |
As of the latest ACS Survey released in 2023, Westmoreland, TN is a predominantly white area, with 91.8% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Westmoreland, TN is asian, making up 1.2% of the population. Foreign-born residents account for 0.8% of the population in Westmoreland, TN, and this percentage has decreased by 46.7% 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 | 91.8% | -4.1% |
% Black | 0.4% | 33.3% |
% Hispanic | 1.1% | -60.7% |
% Asian | 1.2% | 500.0% |
% Foreign Born | 0.8% | -46.7% |
Mortgage and Risk — Westmoreland, TN
According to HUD data as of 2023, there were 270 mortgage originations in Westmoreland, TN, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Westmoreland, TN. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 270 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Westmoreland, TN
Westmoreland, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 53 |
Total Units Section 8 | 53 |
% Rentals under Section 8 | 4.5% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,300 |
| 2 Bedroom | $260 | $1,200 | $1,460 |
| 3 Bedroom | -$160 | $2,000 | $1,840 |
| 4 Bedroom | $240 | $2,000 | $2,240 |
Affordability — Westmoreland, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $278,000 |
| Median Household Income | $57,100 |