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Featured local agent — Cowan, TN
Sarah Mitchell
Compass Real Estate · Cowan, TN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cowan, TN Housing Market
The typical home in Cowan, TN is worth $189,864, fell 0.8% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $203,000, +44.4% year over year (through May 2026). With 15.0 months of supply and homes going under contract in about 111 days, Cowan is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $189,864 home is about $1,014/mo in principal and interest.
Key numbers for Cowan, TN
Typical home value
$189,864
-0.8% in 12 months
Zillow, August 2026
Median sale price
$203,000
+44.4% year over year
Redfin, through May 2026
Days on market
111
Slow-moving
Redfin, through May 2026
Active listings
15
15.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$37,295
Home costs 5.1x income
U.S. Census ACS, 2023
Sale-to-list ratio
101.6%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Cowan a buyer's or seller's market?
Cowan, TN is a buyer's market, based on 15.0 months of supply and homes selling in about 111 days. Above 7 months of supply is a glut: inventory is well ahead of the sales pace, and buyers can take time to inspect, compare, and negotiate concessions.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Cowan housing market data show?
Every row below is Redfin's final published month for Cowan, TN. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $203,000 |
| Median list price | $272,000 |
| Year-over-year price change | +44.4% |
| Median price per sq ft | $99/sq ft |
| Median days on market | 111 days |
| Active inventory | 15 listings |
| Months of supply | 15.0 months |
| Sale-to-list price ratio | 101.6% |
| Homes sold (that month) | 1 |
| New listings (that month) | 8 |
| Listings with a price cut | 33.3% |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Cowan is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Cowan is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Cowan home prices moved?
Over the last three years the median sale price in Cowan, TN rose 22.7%, from $165,500 to $203,000. The live Zillow value series has fell 0.8% in the last 12 months, which is the more current read now that Redfin's series has stopped. 33.3% of Cowan listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 15.0 months while the sale-to-list ratio slips below its current 101.6%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Cowan?
Priced off the typical home value of $189,864 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $37,973 | $151,891 | $1,014/mo |
| 5% | $9,493 | $180,371 | $1,204/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,014, that implies roughly $43,440 a year before you add taxes and insurance. The median household in Cowan earns $37,295, about $6,145 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 5.1x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Cowan in the next 12 months?
Tell us your timeline. We send the Cowan market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Cowan?
Zillow does not publish a rent index (ZORI) for Cowan, TN, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Cowan?
Active listings in Cowan, TN went from 21 in March 2025 to 15 in May 2026, a -28.6% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| April 2025 | 21 | 6 |
| May 2025 | 15 | 1 |
| June 2025 | 18 | 5 |
| July 2025 | 17 | 4 |
| August 2025 | 13 | not published |
| September 2025 | 11 | 2 |
| October 2025 | 10 | 3 |
| November 2025 | 12 | 3 |
| January 2026 | 19 | 6 |
| March 2026 | 10 | 3 |
| April 2026 | 11 | 1 |
| May 2026 | 15 | 8 |
Redfin, through May 2026
How does Cowan compare to Tennessee and the U.S.?
Cowan homes sell for $203,000 — 51% below the Tennessee median of $413,200. Against the national median of $410,700, Cowan runs 51% lower. Year-over-year, Cowan moved +44.4% against Tennessee's +3.0% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Cowan, TN | $203,000 | +44.4% | 111 days |
| Tennessee statewide | $413,200 | +3.0% | 61 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Cowan
What buyers should watch
- Months of supply, currently 15.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 33.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $190 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $189,864 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Cowan listing goes under contract in 111 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 101.6% of asking. Price at the number you want and let competition do the rest.
- In the last published month Cowan added 8 new listings against 1 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved -0.8% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Cowan varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Cowan
There are currently 15 homes listed for sale in Cowan, Tennessee. The median listing price is $272K.
Active listings
15
Homes on market
Median list price
$272K
Avg. days on market
111
Days until sale
New this week
8
Newly listed
How much do homes cost in Cowan by property type?
How the Cowan, TN market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $203,000 | $99/sq ft | 1 | 111 days |
Who lives in Cowan?
American Community Survey estimates for Cowan. U.S. Census ACS, 2023
Population
1,777
Households
684
Median income
$37,295/yr
Median age
36.8 years
Owner-occupied
56.0%
Median home value
$122,500
Median gross rent
$716/mo
Mean commute
27.4 min
56.0% of occupied homes in Cowan are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $122,500 against Zillow's $189,864 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Cowan?
2 schools tracked · 580 students
The largest public schools serving Cowan, TN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
South Middle School
Grades 6-8 · 318 students
Cowan Elementary
Grades PK-5 · 262 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Cowan, TN?
Ordered by distance from Cowan, not by size. Compare Cowan side by side with any of them.
Cowan housing market FAQ
Is Cowan a buyer's or seller's market?
Cowan, TN is currently a buyer's market. That read comes from 15.0 months of supply, homes going under contract in about 111 days, and sellers getting 101.6% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Cowan?
The typical home in Cowan, TN is worth $189,864 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $203,000, about $99 per square foot.
Is Cowan cheaper than the rest of Tennessee?
Cowan's median sale price of $203,000 is 51% lower than the Tennessee statewide median of $413,200, and 51% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Cowan?
Homes in Cowan, TN spent a median of 111 days on market before going under contract, versus 61 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Cowan?
At the current 30-year fixed rate of 7.03%, 20% down on a $189,864 home is about $1,014 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $43,440 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $37,295.
Are home prices rising in Cowan?
The typical home value in Cowan, TN fell 0.8% over the last 12 months, from $191,318 to $189,864 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Cowan?
Cowan ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Cowan?
That depends on your timeline, not on a headline. What the data says today: Cowan, TN is a buyer's market with 15.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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