What is the average home price in Leoma, TN 38468?

As of May '26, the median home price in Leoma, TN 38468 is $268,000, based on Zillow home estimates.

How have home prices in Leoma, TN 38468 changed over the past year?

As of May '26, home prices have increased 5.8% over the past year, according to Zillow home estimates data.

What is the home price projection for Leoma, TN 38468?

As of May '26, Zillow projects home prices in Leoma, TN 38468 to increase 3.0% in the next year.

What are the demographics of Leoma, TN 38468?

According to the latest Census, the demographics of Leoma, TN 38468 are 95.6% White, 0.0% Black, 0.5% Asian, 2.0% Hispanic. The population is 5,440, with 27.4% under 18 years old.

How long does it take homes to sell in Leoma, TN 38468?

According to Realtor.com, as of May '26, the median home in Leoma, TN 38468 is on the market for 106 days. This is an increase of 38.0% from last year.

What is the average rent price in Leoma, TN 38468?

The average rent price in Leoma, TN 38468, as of the latest data, is $1,380. The average rent for 1 bedroom homes is N/A. For 2, 3, and 4 bedroom homes, the average rent is $1,390, $1,380, and N/A respectively.

Leoma, TN 38468 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Leoma, TN—38468

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$268,000

5.8% YoY Growth

Household Income

$59,900

38.0% YoY Growth

Days on Market

106

38.0% Longer YoY

Home Price Forecast

3.0%

Median Rent

$1,380

7.8% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,280

8.6% YoY Growth

3-Bed Rent

$1,380

N/A

Home Price Trends — Leoma, TN

As of May '26, the median home price in Leoma, TN is $268,000, with a year-over-year change of 5.8%. This indicates that home prices in Leoma, TN are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$268,000	5.8%
Single Family	$268,000	5.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Leoma, TN

As of July '25, Rentcast reports the average rent in Leoma, TN is $1,380, with a year-over-year rent change of 7.8%. Per bedroom, the median rent as of July '25 in Leoma, TN is 2-bedrooms: $1,390, 3-bedrooms: $1,380. The most common rental property sizes in Leoma, TN are 3-bedroom and 2-bedroom, accounting for 48.9% and 39.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,380	$1,380
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,280	$1,390
3 Bed Rent	$1,380	$1,380
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

1.3%

2 Bedrooms

39.5%

3 Bedrooms

48.9%

4 Bedrooms

6.1%

5+ Bedrooms

4.3%

Property Listings — Leoma, TN

As of May '26, Realtor.com reports that the median days on market for a home in Leoma, TN is 106. This is a increase of 38.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$400,000	26.0%
Listing Count	30	-19.0%
Listings as % of Homes	0.9%	-19.0%
Days on Market	106	38.0%

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Demographics — Leoma, TN

As of the latest ACS Survey released in 2023, Leoma, TN has a population of 5,440, which has increased by 3.6% over the past 5 years. Leoma, TN is a popular place for families, as children make up 27.4% of the population. The area has a poorly educated workforce, with 13.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,440	3.6%
% Under 18	27.4%	6.2%
% Seniors	17.8%	-7.8%
% WFH	4.0%	207.7%
% w/ College Degree	13.5%	14.4%

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As of the latest ACS Survey released in 2023, Leoma, TN is a predominantly white area, with 95.6% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Leoma, TN is hispanic, making up 2.0% of the population. Foreign-born residents account for 0.2% of the population in Leoma, TN, and this percentage has increased by Inf% 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	95.6%	-0.6%
% Black	0.0%	-100.0%
% Hispanic	2.0%	53.8%
% Asian	0.5%	∞%
% Foreign Born	0.2%	∞%

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Mortgage and Risk — Leoma, TN

According to HUD data as of 2023, there were 83 mortgage originations in Leoma, TN, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Leoma, TN. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	83
% Conventional Loans	69.0%
% Government Loans	31.0%
% Investor Loans	1.0%
% Second Loans	2.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Leoma, TN

Leoma, 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	$790
2 Bedroom	-$250	$1,280	$1,030
3 Bedroom	-$140	$1,380	$1,240
4 Bedroom	N/A	N/A	$1,370

Leoma, TN—38468

Key Metrics at a Glance

Home Price Trends — Leoma, TN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Leoma, TN

% of Rental Stock

Property Listings — Leoma, TN

Demographics — Leoma, TN

Race and Ethnicity

Mortgage and Risk — Leoma, TN

Mortgages

Rentals and Section 8 — Leoma, TN

Section 8 Market Size

Section 8 Opportunity

Affordability — Leoma, TN

Home Price to Income Ratio

Leoma, TN — ZIP Code Boundary Map

Nearby ZIP Codes

Five Points, TN

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Anderson, AL

Lexington, AL

Ethridge, TN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4
Median Home Price	$268,000
Median Household Income	$59,900