Metrocenter / North Roads Park, TN—37228
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Metrocenter / North Roads Park, TN
Metrocenter / North Roads Park, 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 — Metrocenter / North Roads Park, TN
As of July '25, Rentcast reports the average rent in Metrocenter / North Roads Park, TN is $1,460, with a year-over-year rent change of -16.6%. Per bedroom, the median rent as of July '25 in Metrocenter / North Roads Park, TN is studios: $1,440, 1-bedrooms: $1,490. The most common rental property sizes in Metrocenter / North Roads Park, TN are 2-bedroom and 1-bedroom, accounting for 49.0% and 38.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,470 | $1,460 |
| Studio Rent | $1,440 | $1,440 |
| 1 Bed Rent | $1,470 | $1,490 |
| 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 — Metrocenter / North Roads Park, TN
Metrocenter / North Roads Park, TN lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | N/A | N/A |
Demographics — Metrocenter / North Roads Park, TN
As of the latest ACS Survey released in 2023, Metrocenter / North Roads Park, TN has a population of 2,350, which has increased by 94.9% over the past 5 years. Metrocenter / North Roads Park, TN is a less popular place for families, as children make up 9.8% of the population. The area has a highly educated workforce, with 54.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,350 | 94.9% |
% Under 18 | 9.8% | 237.9% |
% Seniors | 8.3% | -69.7% |
% WFH | 22.4% | ∞% |
% w/ College Degree | 54.6% | 27.9% |
As of the latest ACS Survey released in 2023, Metrocenter / North Roads Park, TN is a predominantly black area, with 67.2% of the population identifying as black. The black population has grown by 54.8% in the last 5 years. The second most common race or ethnicity in Metrocenter / North Roads Park, TN is white, making up 21.2% of the population. Foreign-born residents account for 7.7% of the population in Metrocenter / North Roads Park, TN, and this percentage has increased by 87.8% 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 | 21.2% | -61.5% |
% Black | 67.2% | 54.8% |
% Hispanic | 2.0% | ∞% |
% Asian | 0.5% | -44.4% |
% Foreign Born | 7.7% | 87.8% |
Mortgage and Risk — Metrocenter / North Roads Park, TN
According to HUD data as of 2023, there were 29 mortgage originations in Metrocenter / North Roads Park, TN, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Metrocenter / North Roads Park, TN. Investor activity is low, as 10.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 29 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 10.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Metrocenter / North Roads Park, TN
Metrocenter / North Roads Park, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 270 |
Total Units Section 8 | 270 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 91.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $240 | $1,470 | $1,710 |
| 2 Bedroom | N/A | N/A | $1,890 |
| 3 Bedroom | N/A | N/A | $2,390 |
| 4 Bedroom | N/A | N/A | $2,940 |
Affordability — Metrocenter / North Roads Park, 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 | $73,700 |