Gilt Edge, TN—38015
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gilt Edge, TN
As of Oct '25, the median home price in Gilt Edge, TN is $225,000, with a year-over-year change of -2.4%. This indicates that home prices in Gilt Edge, TN are decreasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $225,000 | -2.4% |
| Single Family | $225,000 | -1.7% |
| 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 | $249,000 | 1.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gilt Edge, TN
Gilt Edge, 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 — Gilt Edge, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Gilt Edge, TN is 27. This is a decrease of -2.0% 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 | $278,000 | -43.0% |
Listing Count | 7 | 25.0% |
| Listings as % of Homes | 0.4% | 25.0% |
Days on Market | 27 | -2.0% |
Demographics — Gilt Edge, TN
As of the latest ACS Survey released in 2023, Gilt Edge, TN has a population of 2,210, which has remained stable by 0.8% over the past 5 years. Gilt Edge, TN is a moderately popular place for families, as children make up 20.4% of the population. The area has a poorly educated workforce, with 12.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,210 | 0.8% |
% Under 18 | 20.4% | 9.7% |
% Seniors | 19.4% | 16.2% |
% WFH | 2.5% | -44.4% |
% w/ College Degree | 12.2% | 23.2% |
As of the latest ACS Survey released in 2023, Gilt Edge, TN is a predominantly white area, with 82.7% of the population identifying as white. The white population has shrunk by 9.4% in the last 5 years. The second most common race or ethnicity in Gilt Edge, TN is black, making up 8.4% of the population. Foreign-born residents account for 0.4% of the population in Gilt Edge, TN, and this percentage has decreased by 76.5% 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 | 82.7% | -9.4% |
% Black | 8.4% | 180.0% |
% Hispanic | 2.8% | -28.2% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.4% | -76.5% |
Mortgage and Risk — Gilt Edge, TN
According to HUD data as of 2023, there were 29 mortgage originations in Gilt Edge, TN, of which 59.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Gilt Edge, TN. Investor activity is low, as 7.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 29 |
% Conventional Loans | 59.0% |
% Government Loans | 41.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Gilt Edge, TN
Gilt Edge, 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 | 1.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,040 |
| 2 Bedroom | N/A | N/A | $1,170 |
| 3 Bedroom | N/A | N/A | $1,540 |
| 4 Bedroom | N/A | N/A | $1,800 |
Affordability — Gilt Edge, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $225,000 |
| Median Household Income | $57,100 |