Santa Fe, TN—38482
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Santa Fe, TN
As of Oct '25, the median home price in Santa Fe, TN is $459,000, with a year-over-year change of 1.8%. This indicates that home prices in Santa Fe, 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 | $459,000 | 1.8% |
| Single Family | $459,000 | 2.2% |
| 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 — Santa Fe, TN
As of July '25, Rentcast reports the average rent in Santa Fe, TN is $1,350, with a year-over-year rent change of 3.8%. Per bedroom, the median rent as of July '25 in Santa Fe, TN is 2-bedrooms: $1,350. The most common rental property sizes in Santa Fe, TN are studio and 2-bedroom, accounting for 54.7% and 30.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,350 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,350 | $1,350 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Santa Fe, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Santa Fe, TN is 39. This is a decrease of -12.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $906,000 | 19.0% |
Listing Count | 10 | 32.0% |
| Listings as % of Homes | 1.1% | 32.0% |
Days on Market | 39 | -12.0% |
Demographics — Santa Fe, TN
As of the latest ACS Survey released in 2023, Santa Fe, TN has a population of 1,740, which has increased by 2.8% over the past 5 years. Santa Fe, TN is a moderately popular place for families, as children make up 24.2% of the population. The area has a poorly educated workforce, with 19.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,740 | 2.8% |
% Under 18 | 24.2% | -5.8% |
% Seniors | 13.4% | -19.3% |
% WFH | 13.7% | 85.1% |
% w/ College Degree | 19.2% | -9.4% |
As of the latest ACS Survey released in 2023, Santa Fe, TN is a predominantly white area, with 96.9% of the population identifying as white. The white population has grown by 9.2% in the last 5 years. The second most common race or ethnicity in Santa Fe, TN is black, making up 0.6% of the population. Foreign-born residents account for 4.5% of the population in Santa Fe, TN, and this percentage has increased by 200.0% 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 | 96.9% | 9.2% |
% Black | 0.6% | ∞% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.6% | -14.3% |
% Foreign Born | 4.5% | 200.0% |
Mortgage and Risk — Santa Fe, TN
According to HUD data as of 2023, there were 76 mortgage originations in Santa Fe, TN, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Santa Fe, TN. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 76 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Santa Fe, TN
Santa Fe, 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 | $1,210 |
| 2 Bedroom | $150 | $1,350 | $1,500 |
| 3 Bedroom | N/A | N/A | $1,900 |
| 4 Bedroom | N/A | N/A | $2,060 |
Affordability — Santa Fe, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $459,000 |
| Median Household Income | $71,800 |