Rickman, TN—38580
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rickman, TN
As of Nov '25, the median home price in Rickman, TN is $293,000, with a year-over-year change of 1.1%. This indicates that home prices in Rickman, TN are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $293,000 | 1.1% |
| Single Family | $293,000 | 1.7% |
| 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 — Rickman, TN
As of July '25, Rentcast reports the average rent in Rickman, TN is $1,200, with a year-over-year rent change of 26.3%. Per bedroom, the median rent as of July '25 in Rickman, TN is 3-bedrooms: $1,200. The most common rental property sizes in Rickman, TN are 2-bedroom and 3-bedroom, accounting for 59.3% and 32.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,200 | $1,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Rickman, TN
As of Nov '25, Realtor.com reports that the median days on market for a home in Rickman, TN is 56. This is a decrease of -31.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $359,000 | 1.0% |
Listing Count | 17 | 4.0% |
| Listings as % of Homes | 2.3% | 4.0% |
Days on Market | 56 | -31.0% |
Demographics — Rickman, TN
As of the latest ACS Survey released in 2023, Rickman, TN has a population of 1,630, which has increased by 3.4% over the past 5 years. Rickman, TN is a moderately popular place for families, as children make up 20.1% of the population. The area has a poorly educated workforce, with 19.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,630 | 3.4% |
% Under 18 | 20.1% | -35.0% |
% Seniors | 19.2% | 1.1% |
% WFH | 15.1% | ∞% |
% w/ College Degree | 19.5% | -8.0% |
As of the latest ACS Survey released in 2023, Rickman, TN is a predominantly white area, with 94.1% of the population identifying as white. The white population has shrunk by 4.9% in the last 5 years. The second most common race or ethnicity in Rickman, TN is black, making up 2.9% of the population. Foreign-born residents account for 0.0% of the population in Rickman, TN, and this percentage has decreased by 100.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.1% | -4.9% |
% Black | 2.9% | ∞% |
% Hispanic | 1.2% | 20.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Rickman, TN
According to HUD data as of 2023, there were 45 mortgage originations in Rickman, TN, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Rickman, TN. Investor activity is low, as 4.0% 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 | 45 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Rentals and Section 8 — Rickman, TN
Rickman, 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 | $770 |
| 2 Bedroom | N/A | N/A | $970 |
| 3 Bedroom | $40 | $1,200 | $1,240 |
| 4 Bedroom | N/A | N/A | $1,380 |
Affordability — Rickman, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $293,000 |
| Median Household Income | $59,200 |