Rives, TN38253

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$188,000
2.8% YoY Growth
Household Income
$66,800
51.9% YoY Growth
Days on Market
114
N/A
Home Price Forecast
3.9%
Median 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

Property Listings — Rives, TN

Rives, TN lacks sufficient listing trend data for analysis.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$144,000N/A
Listing Count
2N/A
Listings as % of Homes0.2%N/A
Days on Market
114N/A
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Demographics — Rives, TN

As of the latest ACS Survey released in 2023, Rives, TN has a population of 956, which has increased by 7.7% over the past 5 years. Rives, TN is a moderately popular place for families, as children make up 19.9% of the population. The area has a moderately educated workforce, with 32.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.8% reporting working from home.

MetricLatest CensusYoY % Change
Population
9567.7%
% Under 18
19.9%-11.6%
% Seniors
17.7%9.3%
% WFH
1.8%20.0%
% w/ College Degree
32.4%50.0%
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As of the latest ACS Survey released in 2023, Rives, TN is a predominantly white area, with 91.5% of the population identifying as white. The white population has grown by 5.8% in the last 5 years. The second most common race or ethnicity in Rives, TN is hispanic, making up 5.1% of the population. Foreign-born residents account for 0.2% of the population in Rives, TN, and this percentage has decreased by 92.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

MetricLatest Census5-Year % Change
% White
91.5%5.8%
% Black
1.0%-61.5%
% Hispanic
5.1%-32.0%
% Asian
0.0%N/A
% Foreign Born
0.2%-92.0%
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Mortgage and Risk — Rives, TN

According to HUD data as of 2023, there were 23 mortgage originations in Rives, TN, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Rives, 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

MetricZip Code Average
Total Loan Originations
23
% Conventional Loans
74.0%
% Government Loans
26.0%
% Investor Loans
4.0%
% Second Loans
4.0%
% Cash Out Refinance
9.0%
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Rentals and Section 8 — Rives, TN

Rives, TN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD
N/A
Total Units Section 8
N/A
% Rentals under Section 8
N/A
% Occupied Section 8
N/A

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 BedroomN/AN/A$940
2 BedroomN/AN/A$1,140
3 BedroomN/AN/A$1,480
4 BedroomN/AN/A$1,510

Affordability — Rives, TN

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income Ratio2.5
Median Home Price$188,000
Median Household Income$66,800

Rives, TN — ZIP Code Boundary Map

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Frequently Asked Questions