The story of this market
The typical home in ZIP 37318 sells for about $199,900, or $140 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $781 a month.
ZIP 37318 — Cowan
The housing market in 37318 remains affordable with steady demand from first-time buyers and those seeking small-town living. Limited inventory keeps the market stable, with prices showing modest year-over-year growth.
Fits first-time homebuyers, downsizers, and investors seeking affordable small-town living in Middle Tennessee.
Median prices moved up 2.5% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 10.3% · poverty 29.3% — elevated distress and economic pressure.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 37318, Franklin County TN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Centrally located between Nashville, Chattanooga, and Huntsville, providing regional access for commuters.
Small-town setting with proximity to local amenities in Winchester and Sewanee, including access to regional outdoor recreation.
The local economy is supported by proximity to the University of the South and regional manufacturing hubs in Winchester and Decherd.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- The Caverns4.814.1 mi
- Adventure Off Road Park4.714.9 mi
- Jim Oliver's Smoke House Restaurant4.18.6 mi
- National Cornbread Festival Headquarters4.319.5 mi
- Natural Bridge State Natural Area & Trailhead - Head of the Crow State Park4.83.9 mi
- Tims Ford Fairview Campground4.710 mi
- The Cross4.93 mi
- Buggytop Cave Trailhead4.95.4 mi
- Fairview Devil Step Campground4.79.9 mi
- Lodge Museum of Cast Iron4.819.7 mi
- Haunted Old South Pittsburg Hospital Paranormal Research Center4.619.5 mi
- Beechcraft Heritage Museum4.919.9 mi
- Falls Mill and Museum4.916.4 mi
- Hands-On Science Center (HOSC)4.417.4 mi
- Twin Creeks Marina & Resort4.68.2 mi
- Bluegill Grill4.415.9 mi
- Tims Ford Marina & Resort4.514.9 mi
- Lakeview Marina4.714.9 mi
- Holiday Landing Marina4.515.9 mi
- The Course at Sewanee4.64.9 mi
- Dollar General4.18.5 mi
- Merchants Central4.17.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local historical landmark celebrating the town's rail heritage.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.