McKenzie, TN—38201
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — McKenzie, TN
McKenzie, TN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $182,000 | -0.5% |
| Single Family | $182,000 | 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 | 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 — McKenzie, TN
McKenzie, TN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $525 | $1,160 |
| Studio Rent | $525 | $525 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,800 | $1,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — McKenzie, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in McKenzie, TN is 69. This is a increase of 15.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $257,000 | -10.0% |
Listing Count | 46 | -11.0% |
| Listings as % of Homes | 0.8% | -11.0% |
Days on Market | 69 | 15.0% |
Demographics — McKenzie, TN
As of the latest ACS Survey released in 2023, McKenzie, TN has a population of 10,100, which has decreased by -7.9% over the past 5 years. McKenzie, TN is a moderately popular place for families, as children make up 20.8% of the population. The area has a poorly educated workforce, with 23.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,100 | -7.9% |
% Under 18 | 20.8% | -12.2% |
% Seniors | 19.7% | 0.0% |
% WFH | 7.8% | 239.1% |
% w/ College Degree | 23.3% | 11.5% |
As of the latest ACS Survey released in 2023, McKenzie, TN is a predominantly white area, with 83.7% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in McKenzie, TN is black, making up 9.7% of the population. Foreign-born residents account for 3.3% of the population in McKenzie, TN, and this percentage has increased by 725.0% 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 | 83.7% | -6.9% |
% Black | 9.7% | 49.2% |
% Hispanic | 2.5% | 25.0% |
% Asian | 1.7% | 325.0% |
% Foreign Born | 3.3% | 725.0% |
Mortgage and Risk — McKenzie, TN
According to HUD data as of 2023, there were 121 mortgage originations in McKenzie, TN, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in McKenzie, TN. Investor activity is low, as 4.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 121 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — McKenzie, TN
McKenzie, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 149 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $740 |
| 2 Bedroom | N/A | N/A | $900 |
| 3 Bedroom | -$680 | $1,800 | $1,120 |
| 4 Bedroom | N/A | N/A | $1,350 |
Affordability — McKenzie, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $182,000 |
| Median Household Income | $46,600 |