New Tazewell, TN—37888
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in New Tazewell, TN
Home Price Trends — New Tazewell, TN
As of Oct '25, the median home price in New Tazewell, TN is $218,000, with a year-over-year change of -8.0%. This indicates that home prices in New Tazewell, TN are decreasing. According to Zillow, the 1-year price projection is 3.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $218,000 | -8.0% |
| Single Family | $219,000 | -6.4% |
| 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 — New Tazewell, TN
New Tazewell, 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 — New Tazewell, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in New Tazewell, TN is 160. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $537,000 | 39.0% |
Listing Count | 12 | 59.0% |
| Listings as % of Homes | 0.1% | 59.0% |
Days on Market | 160 | 0.0% |
Demographics — New Tazewell, TN
As of the latest ACS Survey released in 2023, New Tazewell, TN has a population of 3,380, which has increased by 2.9% over the past 5 years. New Tazewell, TN is a moderately popular place for families, as children make up 20.6% of the population. The area has a poorly educated workforce, with 11.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,380 | 2.9% |
% Under 18 | 20.6% | -19.8% |
% Seniors | 18.0% | 4.0% |
% WFH | 5.0% | -23.1% |
% w/ College Degree | 11.0% | 22.2% |
As of the latest ACS Survey released in 2023, New Tazewell, TN is a predominantly white area, with 90.9% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in New Tazewell, TN is hispanic, making up 7.7% of the population. Foreign-born residents account for 4.7% of the population in New Tazewell, TN, and this percentage has increased by 17.5% 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 | 90.9% | -1.1% |
% Black | 0.0% | N/A |
% Hispanic | 7.7% | 5.5% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 4.7% | 17.5% |
Mortgage and Risk — New Tazewell, TN
According to HUD data as of 2023, there were 49 mortgage originations in New Tazewell, TN, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in New Tazewell, TN. Investor activity is low, as 4.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 49 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 4.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — New Tazewell, TN
New Tazewell, 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 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $900 |
| 2 Bedroom | N/A | N/A | $1,100 |
| 3 Bedroom | N/A | N/A | $1,430 |
| 4 Bedroom | N/A | N/A | $1,650 |
Affordability — New Tazewell, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $218,000 |
| Median Household Income | $50,400 |