38477Leoma, TN Housing Market
The 38477 zip code, located in Leoma, TN, is currently classified as a balanced market..
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 38477 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Market analysis for 38477
The 38477 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, market dynamics influence how quickly homes sell and at what price relative to their listing.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 38477 have remained relatively stable compared to last year. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 38477 stands at $244,017, which represents Zillow's estimate of the typical home value in the area. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Community profile
Population
2,962
Median income
$52,589/yr
Median age
52 years
Owner-occupied
85.6%
College grads
16.2%
Avg commute
30.7 min
Living in 38477
Zip code 38477 is home to approximately 2,962 residents. The median household income is $52,589 per year, which shapes the types of homes and amenities available in the area. With a median age of 52 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 85.6% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 16.2% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 30.7 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 38477.
Frequently asked questions about 38477
What is the median home price in 38477?
Median sale price data for 38477 is currently being compiled. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 38477 a buyer's or seller's market?
The 38477 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population and demographics of 38477?
Zip code 38477 has a population of approximately 2,962 residents. The median household income is $52,589 per year. About 85.6% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 38477?
Properties Incorporated provides comprehensive data for 38477 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 38477 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually. Visit our data sources page to learn more about our data methodology and update schedules.
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