The story of this market
The typical home in ZIP 37398 sells for about $349,450, or $213 per square foot.
Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $944 a month.
ZIP 37398 — Winchester
The 37398 housing market is currently stable, with a median list price of $349,450 and a moderate inventory of 326 active listings. Market activity is driven by demand for lake-adjacent properties and the relative affordability of the area compared to larger Tennessee metros. Note that specific figures for price cuts and year-over-year changes are not explicitly published at the ZIP level and have been omitted.
This ZIP is well-suited for families and retirees seeking a lake-oriented lifestyle, as well as local workers who value a suburban-rural mix with access to outdoor recreation.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 62 days on market with 1.4 months of supply — a fast-moving market.
4% 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 3.3% · poverty 11.8% — a stable, low-distress profile.
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 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 37398, Franklin County TN
The area is served by the Franklin County School District, which provides standard public education options for the Winchester community.
The area is subject to standard regional risks including severe thunderstorms and occasional flooding near Tims Ford Lake; insurance premiums are generally stable but reflect regional weather patterns.
Economic momentum is driven by the proximity to Tims Ford Lake, which supports a robust tourism and recreation sector, alongside local manufacturing and retail in Winchester.
Property taxes are assessed by Franklin County based on a state-mandated appraisal cycle; there are no state-level personal income taxes on wages in Tennessee.
Residents primarily commute by car, with an average travel time of approximately 23 minutes to local employment hubs in Winchester and surrounding Franklin County.
The area is anchored by Tims Ford State Park and Tims Ford Lake, offering extensive boating, fishing, and hiking opportunities, with local shopping and dining concentrated in downtown Winchester.
The rental market is characterized by a high share of single-family detached homes and a limited supply of large apartment complexes, with rents remaining relatively affordable compared to the national average.
The local economy is anchored by tourism, manufacturing, and public services, with Tims Ford Lake serving as a primary economic driver for the region.
Transportation is almost exclusively reliant on private vehicles, with major access provided by state highways connecting to the broader Middle Tennessee region.
Development is focused on residential expansion near the lakefront and infrastructure improvements to support the growing population in Winchester.
The Franklin County Assessor of Property manages the appraisal process, conducting periodic reappraisals to ensure equitable tax distribution.
Parcels are subject to Franklin County property taxes and are served by the Franklin County School District.
Property insurance markets are stable, though homeowners should account for potential wind and storm coverage requirements typical of the Tennessee Valley.
Data retrieved from SimpleMaps and US Census Bureau ACS 5-year estimates.
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. Source: NCES EDGE public school locations 2023-24.
A major regional attraction featuring lake access, hiking trails, and camping.
A large reservoir popular for fishing, boating, and water sports.
The historic commercial core of the city with local retail and dining options.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.