Strawberry Plains, TN—37871
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Strawberry Plains, TN
As of Oct '25, the median home price in Strawberry Plains, TN is $286,000, with a year-over-year change of -0.6%. This indicates that home prices in Strawberry Plains, TN are flat. According to Zillow, the 1-year price projection is 4.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $286,000 | -0.6% |
| Single Family | $285,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $205,000 | 0.5% |
3 Bed | $315,000 | 0.0% |
4 Bed | $471,000 | 2.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Strawberry Plains, TN
As of July '25, Rentcast reports the average rent in Strawberry Plains, TN is $1,990, with a year-over-year rent change of 29.2%. Per bedroom, the median rent as of July '25 in Strawberry Plains, TN is 3-bedrooms: $1,820, 4-bedrooms: $2,400. The most common rental property sizes in Strawberry Plains, TN are 3-bedroom and 2-bedroom, accounting for 50.2% and 32.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,990 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,640 | $1,820 |
| 4 Bed Rent | $2,400 | $2,400 |
% of Rental Stock
Property Listings — Strawberry Plains, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Strawberry Plains, TN is 51. This is a increase of 36.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $449,000 | 10.0% |
Listing Count | 32 | -10.0% |
| Listings as % of Homes | 0.6% | -10.0% |
Days on Market | 51 | 36.0% |
Demographics — Strawberry Plains, TN
As of the latest ACS Survey released in 2023, Strawberry Plains, TN has a population of 8,550, which has decreased by -13.2% over the past 5 years. Strawberry Plains, TN is a moderately popular place for families, as children make up 17.9% of the population. The area has a poorly educated workforce, with 14.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,550 | -13.2% |
% Under 18 | 17.9% | -30.1% |
% Seniors | 19.0% | 15.9% |
% WFH | 5.5% | -33.7% |
% w/ College Degree | 14.5% | -20.8% |
As of the latest ACS Survey released in 2023, Strawberry Plains, TN is a predominantly white area, with 93.8% 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 Strawberry Plains, TN is hispanic, making up 3.0% of the population. Foreign-born residents account for 0.3% of the population in Strawberry Plains, TN, and this percentage has decreased by 50.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.8% | -1.8% |
% Black | 0.5% | -54.5% |
% Hispanic | 3.0% | 87.5% |
% Asian | 0.2% | -60.0% |
% Foreign Born | 0.3% | -50.0% |
Mortgage and Risk — Strawberry Plains, TN
According to HUD data as of 2023, there were 246 mortgage originations in Strawberry Plains, TN, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Strawberry Plains, TN. Investor activity is low, as 1.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 246 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Strawberry Plains, TN
Strawberry Plains, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $980 |
| 2 Bedroom | N/A | N/A | $1,220 |
| 3 Bedroom | -$60 | $1,640 | $1,580 |
| 4 Bedroom | -$540 | $2,400 | $1,860 |
Affordability — Strawberry Plains, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $286,000 |
| Median Household Income | $73,100 |