Gallaway, TN housing market
The median sale price was $223,000 in March 2026.
Home values, sales, trends and how Gallaway compares with the towns next door — updated as new data is published.
Gallaway at a glance
Only 1 sale in March 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
No new homes permitted in 2025
No permits for new homes were issued in Gallaway in 2025. The last year with any was 2021 (3 new homes).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Gallaway's population fell by 152 even though 10 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Tennessee: 2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 3 | 3 | 0 | $446,000 |
| 2020 | 3 | 3 | 0 | $446,000 |
| 2019 | 3 | 3 | 0 | $446,000 |
| 2018 | 1 | 1 | 0 | $149,000 |
| 2017 | 2 | 2 | 0 | $298,000 |
| 2016 | 1 | 1 | 0 | $149,000 |
| 2015 | 1 | 1 | 0 | $130,000 |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 1 | 1 | 0 | $38,000 |
| 2012 | 1 | 1 | 0 | $120,000 |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 2 | 2 | 0 | $100,000 |
| 2001 | 1 | 1 | 0 | $60,000 |
| 2000 | 1 | 1 | 0 | $80,000 |
Gallaway's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Gallaway and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Gallaway | — | — | $1,370 | 0 | $30,208 |
| Arlington | $407K | −1.7% | $1,800 | — | $135,105 |
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,370
HUD's Fair Market Rent for a two-bedroom in Gallaway is $1,370 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Gallaway pay a median of $455, so moving in tends to cost more than staying put.
Studio $1,140 · 4 bedrooms $2,110
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (38002, 38036, 38049; Memphis, TN-MS-AR HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, March 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.