Medon, TN—38356
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Medon, TN
As of Oct '25, the median home price in Medon, TN is $201,000, with a year-over-year change of 0.8%. This indicates that home prices in Medon, TN are flat. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $201,000 | 0.8% |
| Single Family | $201,000 | 1.5% |
| 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 — Medon, TN
Medon, 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 — Medon, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Medon, TN is 45. This is a decrease of -19.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $232,000 | 52.0% |
Listing Count | 10 | 53.0% |
| Listings as % of Homes | 0.4% | 53.0% |
Days on Market | 45 | -19.0% |
Demographics — Medon, TN
As of the latest ACS Survey released in 2023, Medon, TN has a population of 2,560, which has decreased by -3.9% over the past 5 years. Medon, TN is a moderately popular place for families, as children make up 20.8% of the population. The area has a moderately educated workforce, with 27.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,560 | -3.9% |
% Under 18 | 20.8% | 11.2% |
% Seniors | 26.4% | 34.7% |
% WFH | 3.7% | 15.6% |
% w/ College Degree | 27.7% | 194.7% |
As of the latest ACS Survey released in 2023, Medon, TN is a predominantly white area, with 84.6% of the population identifying as white. The white population has grown by 8.0% in the last 5 years. The second most common race or ethnicity in Medon, TN is black, making up 6.5% of the population. Foreign-born residents account for 1.0% of the population in Medon, TN, and this percentage has increased by 100.0% 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 | 84.6% | 8.0% |
% Black | 6.5% | -62.2% |
% Hispanic | 0.8% | ∞% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.0% | 100.0% |
Mortgage and Risk — Medon, TN
According to HUD data as of 2023, there were 54 mortgage originations in Medon, TN, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Medon, TN. Investor activity is low, as 7.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 54 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Medon, TN
Medon, 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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $780 |
| 2 Bedroom | N/A | N/A | $1,030 |
| 3 Bedroom | N/A | N/A | $1,410 |
| 4 Bedroom | N/A | N/A | $1,410 |
Affordability — Medon, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $201,000 |
| Median Household Income | $71,200 |