Newbern, TN—38059
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Newbern, TN
As of Oct '25, the median home price in Newbern, TN is $187,000, with a year-over-year change of 0.8%. This indicates that home prices in Newbern, TN are flat. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $187,000 | 0.8% |
| Single Family | $187,000 | 0.5% |
| 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 — Newbern, TN
As of July '25, Rentcast reports the average rent in Newbern, TN is $681, with a year-over-year rent change of -19.1%. Per bedroom, the median rent as of July '25 in Newbern, TN is 2-bedrooms: $681. The most common rental property sizes in Newbern, TN are 3-bedroom and 2-bedroom, accounting for 48.1% and 44.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $650 | $681 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $650 | $681 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Newbern, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Newbern, TN is 69. This is a increase of 73.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $200,000 | -12.0% |
Listing Count | 24 | -9.0% |
| Listings as % of Homes | 0.5% | -9.0% |
Days on Market | 69 | 73.0% |
Demographics — Newbern, TN
As of the latest ACS Survey released in 2023, Newbern, TN has a population of 8,820, which has increased by 13.6% over the past 5 years. Newbern, TN is a popular place for families, as children make up 28.7% of the population. The area has a moderately educated workforce, with 26.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,820 | 13.6% |
% Under 18 | 28.7% | 2.1% |
% Seniors | 13.4% | -8.2% |
% WFH | 6.2% | 113.8% |
% w/ College Degree | 26.8% | 48.1% |
As of the latest ACS Survey released in 2023, Newbern, TN is a predominantly white area, with 82.3% of the population identifying as white. The white population has shrunk by 11.8% in the last 5 years. The second most common race or ethnicity in Newbern, TN is hispanic, making up 6.9% of the population. Foreign-born residents account for 0.8% of the population in Newbern, TN, and this percentage has decreased by 42.9% 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 | 82.3% | -11.8% |
% Black | 5.5% | 129.2% |
% Hispanic | 6.9% | 146.4% |
% Asian | 0.3% | ∞% |
% Foreign Born | 0.8% | -42.9% |
Mortgage and Risk — Newbern, TN
According to HUD data as of 2023, there were 113 mortgage originations in Newbern, TN, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Newbern, TN. Investor activity is low, as 4.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 113 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Newbern, TN
Newbern, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 142 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | $330 | $650 | $980 |
| 3 Bedroom | N/A | N/A | $1,300 |
| 4 Bedroom | N/A | N/A | $1,450 |
Affordability — Newbern, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $187,000 |
| Median Household Income | $57,200 |