Sweetwater, TN—37874
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sweetwater, TN
Sweetwater, TN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $247,000 | -1.6% |
| Single Family | $247,000 | -2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $206,000 | -0.5% |
3 Bed | $277,000 | 0.0% |
4 Bed | $337,000 | -0.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sweetwater, TN
As of July '25, Rentcast reports the average rent in Sweetwater, TN is $1,370, with a year-over-year rent change of 16.1%. Per bedroom, the median rent as of July '25 in Sweetwater, TN is 1-bedrooms: $1,130, 2-bedrooms: $1,050, 3-bedrooms: $1,650. The most common rental property sizes in Sweetwater, TN are 2-bedroom and 3-bedroom, accounting for 42.0% and 32.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,370 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $995 | $1,130 |
| 2 Bed Rent | $900 | $1,050 |
| 3 Bed Rent | $1,800 | $1,650 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Sweetwater, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Sweetwater, TN is 50. This is a decrease of -7.0% 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 46.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $332,000 | 4.0% |
Listing Count | 105 | 45.0% |
| Listings as % of Homes | 0.6% | 45.0% |
Days on Market | 50 | -7.0% |
Demographics — Sweetwater, TN
As of the latest ACS Survey released in 2023, Sweetwater, TN has a population of 16,600, which has increased by 9.5% over the past 5 years. Sweetwater, TN is a moderately popular place for families, as children make up 21.4% of the population. The area has a poorly educated workforce, with 14.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,600 | 9.5% |
% Under 18 | 21.4% | -17.1% |
% Seniors | 18.8% | -0.5% |
% WFH | 9.4% | 276.0% |
% w/ College Degree | 14.9% | -5.7% |
As of the latest ACS Survey released in 2023, Sweetwater, TN is a predominantly white area, with 84.5% of the population identifying as white. The white population has shrunk by 4.9% in the last 5 years. The second most common race or ethnicity in Sweetwater, TN is hispanic, making up 6.7% of the population. Foreign-born residents account for 2.6% of the population in Sweetwater, TN, and this percentage has decreased by 10.3% 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 | 84.5% | -4.9% |
% Black | 2.7% | -30.8% |
% Hispanic | 6.7% | 67.5% |
% Asian | 0.6% | -25.0% |
% Foreign Born | 2.6% | -10.3% |
Mortgage and Risk — Sweetwater, TN
According to HUD data as of 2023, there were 255 mortgage originations in Sweetwater, TN, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Sweetwater, TN. Investor activity is low, as 3.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 255 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Sweetwater, TN
Sweetwater, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 191 |
Total Units Section 8 | 179 |
% Rentals under Section 8 | 7.8% |
% Occupied Section 8 | 85.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$95 | $995 | $900 |
| 2 Bedroom | $200 | $900 | $1,100 |
| 3 Bedroom | -$370 | $1,800 | $1,430 |
| 4 Bedroom | N/A | N/A | $1,650 |
Affordability — Sweetwater, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $247,000 |
| Median Household Income | $52,900 |