Parrottsville, TN—37843
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Parrottsville, TN
As of Oct '25, the median home price in Parrottsville, TN is $277,000, with a year-over-year change of 5.1%. This indicates that home prices in Parrottsville, TN are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $277,000 | 5.1% |
| Single Family | $277,000 | 5.3% |
| 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 | $339,000 | 5.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Parrottsville, TN
Parrottsville, TN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,500 | $1,500 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Parrottsville, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Parrottsville, TN is 85. This is a decrease of -8.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $392,000 | -10.0% |
Listing Count | 14 | -38.0% |
| Listings as % of Homes | 0.6% | -38.0% |
Days on Market | 85 | -8.0% |
Demographics — Parrottsville, TN
As of the latest ACS Survey released in 2023, Parrottsville, TN has a population of 4,380, which has increased by 15.2% over the past 5 years. Parrottsville, TN is a moderately popular place for families, as children make up 18.6% of the population. The area has a poorly educated workforce, with 13.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,380 | 15.2% |
% Under 18 | 18.6% | -5.1% |
% Seniors | 20.6% | 3.0% |
% WFH | 1.0% | -56.5% |
% w/ College Degree | 13.9% | -20.1% |
As of the latest ACS Survey released in 2023, Parrottsville, TN is a predominantly white area, with 91.9% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Parrottsville, TN is black, making up 5.7% of the population. Foreign-born residents account for 1.7% of the population in Parrottsville, TN, and this percentage has increased by Inf% 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 | 91.9% | -1.7% |
% Black | 5.7% | 103.6% |
% Hispanic | 0.7% | 16.7% |
% Asian | 0.4% | ∞% |
% Foreign Born | 1.7% | ∞% |
Mortgage and Risk — Parrottsville, TN
According to HUD data as of 2023, there were 56 mortgage originations in Parrottsville, TN, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Parrottsville, TN. Investor activity is low, as 0.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 56 |
% Conventional Loans | 55.0% |
% Government Loans | 45.0% |
% Investor Loans | 0.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Parrottsville, TN
Parrottsville, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $750 |
| 2 Bedroom | -$560 | $1,500 | $940 |
| 3 Bedroom | N/A | N/A | $1,200 |
| 4 Bedroom | N/A | N/A | $1,250 |
Affordability — Parrottsville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $277,000 |
| Median Household Income | $66,100 |