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Gallatin, TN

Full City Profile · Tennessee · Sumner County County

3.2 /5.0
B Good
46,667 Population 1,324/sq mi density
$73,589 Median Income $39,790 per capita
$343,700 Home Value $427,850 Zillow
$1,299 Median Rent 30.7% income on rent
57°F Avg Temperature 299 sunny days/yr
279 Violent Crime/100K 1,076 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.3 / 5.0
$73,589 median income, 2.2% unemployment
A
Affordability
4.0 / 5.0
$343,700 home value, $1,299/mo rent
F
Safety
1.0 / 5.0
279 violent crimes/100K
B+
Education
3.6 / 5.0
32.0% bachelor's degree or higher

Housing Overview

Median Home Value
$343,700
22% above
US avg: $281,900
Median Rent
$1,299/mo
12% above
US avg: $1,163/mo
Homeownership Rate
58.2%
11% below US avg (65.4%)
Total Housing Units
19,092
Median year built: 2001

Home Value by Source

Census Median
$343,700
Zillow (ZHVI)
$427,850
Median Sale Price
$434,990
Median List Price
$429,900
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

58.2%
Owner-Occupied
41.8%
Renter-Occupied
58%
42%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$882/mo
1 Bedroom
$924/mo
2 Bedroom
$1,118/mo
3 Bedroom
$1,445/mo
4 Bedroom
$1,644/mo
Census median rent: $1,299/mo · Zillow rent: $1,627/mo

Market Indicators (Redfin)

Median Days on Market
85 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
71
Price Drops
26.8%
of listings with price reduction
Price Per Sq Ft
$216
Active Inventory
392
homes for sale

Affordability & Housing Stock

Rent Burden
30.7%
of renters spending 30%+ of income on housing
1% below US avg (31.0%)
Median Year Built
2001
Average age of housing stock: 25 years
Homeownership Rate
58.2%

Complete Housing Data

Home Values

Census Median Value$343,700
Zillow Home Value (ZHVI)$427,850
Median Sale Price$434,990
Median List Price$429,900
Price Per Sq Ft$216

Rent

Census Median Rent$1,299
Zillow Rent (ZORI)$1,627
FMR Studio$882
FMR 1-Bedroom$924
FMR 2-Bedroom$1,118
FMR 3-Bedroom$1,445
FMR 4-Bedroom$1,644

Market

Days on Market85
Sale-to-List Ratio1.0%
Price Drops26.8%
Homes Sold71
Active Inventory392
Price Per Sq Ft$216

Ownership & Stock

Owner-Occupied58.2%
Renter-Occupied41.8%
Homeownership Rate58.2%
Total Housing Units19,092
Median Year Built2001
Rent Burden30.7%