Roan Mountain, TN—37687

As of Aug '25, the median home price in Roan Mountain, TN is $239,000, with a year-over-year change of -1.1%. This indicates that home prices in Roan Mountain, TN are decreasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.

As of Aug '25 and according to Realtor.com, the median days on market for a home in Roan Mountain, TN is 92. This is an increase of 26.0% from last year. This indicates that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 30.0%. This is a large percentage of inventory, suggesting a lot of supply pressure on home prices.

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Roan Mountain, TN in that year was 50. 90.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 66.0%. Of those, 22.0% were >90% loan to value. This is considered very high, suggesting that mortgage risk is large in Roan Mountain, TN. Investor activity in Roan Mountain, TN is low, as 0.0% of all loans are originated by investors. In 2023, 12.0% of all loans were cash-out refinances, suggesting many homeowners are actively tapping their home's equity.