Watauga, TN—37694
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Watauga, TN
As of Oct '25, the median home price in Watauga, TN is $240,000, with a year-over-year change of 4.4%. This indicates that home prices in Watauga, TN are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $240,000 | 4.4% |
| Single Family | $240,000 | 5.7% |
| 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 — Watauga, TN
Watauga, 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 — Watauga, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Watauga, TN is 65. This is a increase of 20.0% 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 | $291,000 | -16.0% |
Listing Count | 6 | 67.0% |
| Listings as % of Homes | 0.2% | 67.0% |
Days on Market | 65 | 20.0% |
Demographics — Watauga, TN
As of the latest ACS Survey released in 2023, Watauga, TN has a population of 1,740, which has decreased by -11.7% over the past 5 years. Watauga, TN is a less popular place for families, as children make up 13.6% of the population. The area has a poorly educated workforce, with 21.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,740 | -11.7% |
% Under 18 | 13.6% | -13.4% |
% Seniors | 23.4% | 0.9% |
% WFH | 5.8% | 3.6% |
% w/ College Degree | 21.3% | 144.8% |
As of the latest ACS Survey released in 2023, Watauga, TN is a predominantly white area, with 93.1% of the population identifying as white. The white population has shrunk by 5.7% in the last 5 years. The second most common race or ethnicity in Watauga, TN is hispanic, making up 3.6% of the population. Foreign-born residents account for 2.0% of the population in Watauga, TN, and this percentage has increased by 81.8% 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 | 93.1% | -5.7% |
% Black | 2.5% | ∞% |
% Hispanic | 3.6% | 500.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 2.0% | 81.8% |
Mortgage and Risk — Watauga, TN
According to HUD data as of 2023, there were 23 mortgage originations in Watauga, TN, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Watauga, TN. Investor activity is low, as 0.0% 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 | 23 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 22.0% |
Loan Activity
Rentals and Section 8 — Watauga, TN
Watauga, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 2.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | N/A | N/A | $970 |
| 3 Bedroom | N/A | N/A | $1,210 |
| 4 Bedroom | N/A | N/A | $1,410 |
Affordability — Watauga, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $240,000 |
| Median Household Income | $60,100 |