Gates, TN housing market
The typical Gates home is worth about $142,000, up 14.3% in a year, 58% below the Tennessee typical home.
Home values, sales, trends and how Gates compares with the towns next door — updated as new data is published.
Gates at a glance
Typical home value, 2016–2026
Show as a table
| January | Gates | Tennessee |
|---|---|---|
| 2017 | $81,000 | $174,000 |
| 2018 | $78,000 | $187,000 |
| 2019 | $78,000 | $198,000 |
| 2020 | $88,000 | $215,000 |
| 2021 | $104,000 | $238,000 |
| 2022 | $122,000 | $287,000 |
| 2023 | $126,000 | $313,000 |
| 2024 | $128,000 | $326,000 |
| 2025 | $127,000 | $334,000 |
| 2026 | $127,000 | $333,000 |
| August 2026 | $142,000 | $334,000 |
2 new homes permitted in 2025
Builders were permitted 2 new homes in Gates in 2025, all single-family houses. Over the past 10 years, Gates has permitted 6 homes in all.
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $54,000 |
| 2025 | 2 | 2 | 0 | $108,000 |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 2 | 2 | 0 | $205,000 |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 2 | 2 | 0 | $164,000 |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 1 | 1 | 0 | $78,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Gates and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Gates | $142K | +14.3% | $930 | 2 | $51,146 |
| Halls | $150K | +9.5% | $970 | 2 | $43,750 |
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 $930
HUD's Fair Market Rent for a two-bedroom in Gates is $930 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Gates pay a median of $629, so moving in tends to cost more than staying put.
Studio $700 · 4 bedrooms $1,460
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (38037; Haywood County, TN), 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, August 2026. Sales, days on market and supply: Redfin Data Center. 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.