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Sarah Mitchell
Compass Real Estate · ZIP 37312
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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37312 ZIP Code Housing Market
$369,900median sale price
What is the 37312 housing market like right now?
The median home sale price in ZIP code 37312 is $369,900, up 7.8% year-over-year. Homes sell in an average of 86 days with 327 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 37312 ZIP code a buyer's or seller's market?
ZIP code 37312 is currently a leaning buyer's and homes selling in about 86 days. How we determine this →
What are the latest 37312 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $369,900 |
| Median list price | $379,900 |
| Year-over-year price change | +7.8% |
| Average days on market | 86 days |
| Active inventory | 327 listings |
| Sale-to-list price ratio | 98.3% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
The 37312 zip code, located in Hopewell, TN, is currently classified as a leaning buyer's. The median sale price stands at $369,900, representing a +7.8% change year over year. Homes in this area spend an average of 86 days on the market before going under contract. There are currently 327 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 37312 sits in the Hopewell, TN area, roughly 2.4 miles from downtown Hopewell. Because home prices are set street by street, this ZIP can move differently from Hopewell's citywide averages. The figures below reflect 37312 specifically — drawn from Redfin transactions, U.S. Census data for its 36,669 residents, and Zillow value estimates.
Homes sold
183
Last 12 weeks
Days on market
86
Average pace
Active listings
327
Sale-to-list
98.3%
Below asking
What is driving the 37312 housing market?
The 37312 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, homes are selling at approximately 98.3% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 37312 have increased +7.8% compared to last year, suggesting continued demand and potential for further appreciation. 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 37312 stands at $358,029, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,370 per month. This gives a price-to-rent ratio of approximately 21.8, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 37312?
Population
36,669
Median income
$78,261/yr
Median age
41.5 years
Owner-occupied
66.9%
College grads
35.6%
Avg commute
25.27 min
What is it like living in 37312?
Zip code 37312 is home to approximately 36,669 residents. The median household income is $78,261 per year, which shapes the types of homes and amenities available in the area. With a median age of 41.5 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 66.9% 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 35.6% 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 25.27 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 37312.
Which public schools serve ZIP 37312?
8 schools tracked · 6,599 students
The largest public schools serving ZIP code 37312 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.
Cleveland High
Grades 9-12 · 1,799 students
Walker Valley High School
Grades 9-12 · 1,501 students
Cleveland Middle
Grades 6-8 · 1,302 students
North Lee Elementary School
Grades PK-5 · 509 students
Candy's Creek Cherokee Elementary School
Grades PK-5 · 473 students
Hopewell Elementary School
Grades PK-5 · 463 students
D.P. Yates Primary
Grades PK-2 · 298 students
E.L. Ross Elementary
Grades 3-5 · 254 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 37312
What is the median home price in 37312?
The current median sale price in 37312 is $369,900, based on recent Redfin transaction data. Prices have changed +7.8% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 37312 a buyer's or seller's market?
The 37312 zip code is currently classified as a leaning buyer's. 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 of zip code 37312?
Zip code 37312 has a population of approximately 36,669 residents. The median household income is $78,261 per year. About 66.9% 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 37312?
Properties Incorporated provides comprehensive data for 37312 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 37312 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.
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