The story of this market
The typical home in ZIP 38483 sells for about $399,900, or $185 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 78 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $747 a month.
ZIP 38483 — Summertown
The Summertown housing market is characterized by stable, low-density residential activity with a median price of $311,950. Market conditions remain neutral as inventory is limited and demand is driven by local buyers seeking rural properties. No major commercial developments are currently impacting the residential price trajectory.
This ZIP is best suited for those seeking a quiet, rural lifestyle, including families and retirees who prioritize space and affordability over proximity to urban amenities.
Median prices moved up 2.1% year over year.
Homes spend a median of 78 days on market with 6.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.5% · poverty 12.4% — 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 8.9%/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 8.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 38483, Lawrence County TN
Crime rates in Summertown are generally lower than the national average, reflecting its rural character and small population size.
Schools serving the area are part of the Lawrence County School District, which provides standard public education options for the rural community.
The area is subject to typical Tennessee weather risks, including severe thunderstorms and occasional tornado activity; flood risk is localized to specific low-lying areas.
Economic momentum is modest, driven primarily by local agriculture, small businesses, and proximity to larger employment hubs in Lawrenceburg and Columbia.
Property taxes are assessed by Lawrence County; the area does not have significant special district overlays like MUDs or PIDs common in urban growth zones.
Residents typically rely on personal vehicles for commuting, with travel times to employment centers in Lawrenceburg or Columbia averaging 25-35 minutes.
Recreation is centered on outdoor activities, including access to rural trails, local parks, and proximity to natural areas in Lawrence County.
The rental market is limited in depth, characterized by single-family home rentals with low turnover and minimal institutional investor presence.
The local economy is anchored by agriculture, manufacturing, and small-scale retail, with many residents commuting to larger nearby cities for professional services.
Transportation is entirely dependent on private vehicle use; there is no public transit infrastructure serving this rural ZIP code.
Development is characterized by low-density residential growth and agricultural land preservation, with no major high-density projects currently planned.
The Lawrence County Assessor of Property manages assessments based on state-mandated reappraisal cycles.
Parcels are served by the Lawrence County School District and standard county-level utility and emergency service districts.
Property insurance premiums are influenced by regional weather risks, including wind and storm damage, which are standard for Middle Tennessee.
Data retrieved from data.census.gov 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.
Local community park providing green space and recreational facilities.
Access to regional outdoor spaces and rural trails.
Key-figure check: median price diverges 22.0% from the nearest retained anchor (published ten-year series (2024)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $311,950 (22.0% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $311,950 (-22% vs the published ten-year series (2024)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.