Bulls Gap, TN—37711
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bulls Gap, TN
As of Oct '25, the median home price in Bulls Gap, TN is $229,000, with a year-over-year change of 1.5%. This indicates that home prices in Bulls Gap, TN are increasing. According to Zillow, the 1-year price projection is 4.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $229,000 | 1.5% |
| Single Family | $229,000 | 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 | $279,000 | 4.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bulls Gap, TN
Bulls Gap, TN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $825 | $1,160 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $825 | $825 |
| 3 Bed Rent | $1,500 | $1,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Bulls Gap, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Bulls Gap, TN is 70. This is a increase of 66.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $370,000 | 28.0% |
Listing Count | 15 | -34.0% |
| Listings as % of Homes | 0.3% | -34.0% |
Days on Market | 70 | 66.0% |
Demographics — Bulls Gap, TN
As of the latest ACS Survey released in 2023, Bulls Gap, TN has a population of 5,680, which has increased by 19.2% over the past 5 years. Bulls Gap, TN is a moderately popular place for families, as children make up 20.5% of the population. The area has a poorly educated workforce, with 11.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,680 | 19.2% |
% Under 18 | 20.5% | -1.4% |
% Seniors | 20.5% | 23.5% |
% WFH | 6.2% | 264.7% |
% w/ College Degree | 11.5% | 71.6% |
As of the latest ACS Survey released in 2023, Bulls Gap, TN is a predominantly white area, with 97.1% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Bulls Gap, TN is hispanic, making up 1.2% of the population. Foreign-born residents account for 0.4% of the population in Bulls Gap, TN, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 97.1% | -1.8% |
% Black | 0.0% | N/A |
% Hispanic | 1.2% | 50.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.4% | 0.0% |
Mortgage and Risk — Bulls Gap, TN
According to HUD data as of 2023, there were 59 mortgage originations in Bulls Gap, TN, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Bulls Gap, TN. Investor activity is low, as 2.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 59 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Bulls Gap, TN
Bulls Gap, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $740 |
| 2 Bedroom | $105 | $825 | $930 |
| 3 Bedroom | -$260 | $1,500 | $1,240 |
| 4 Bedroom | N/A | N/A | $1,490 |
Affordability — Bulls Gap, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $229,000 |
| Median Household Income | $39,500 |