ZIP Code Market Report
38585 — Spencer, TN
Data through February 2026 · Updated monthly
Avg Home Value
$195,827
▼ 4.0% year-over-year
Month-over-Month
-0.7%
▼ 0.7%
Single Family
$194,222
Condo / Co-op
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The average home value in the 38585 ZIP code (Spencer, TENNESSEE) is $195,827 as of February 2026. Home prices are declining, down 4.0% compared to last year.
A 3-bedroom home in 38585 is valued at $250,327.
This report is part of the Van Buren County market area in TENNESSEE. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Van Buren County report.
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Market Snapshot
38585 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $198,014 | $197,160 | $195,827 | ▼ 1.1% |
| Single Family Value | $193,808 | $193,919 | $194,222 | ▲ 0.2% |
Home Values
38585 Home Value Trend
Historical home values for ZIP code 38585. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 38585
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 3 Bedrooms | $250,327 |
Property Types
Home Values by Property Type in 38585
How different property types compare in this ZIP code.
All Homes
$195,827
Single Family
$194,222
Bottom Tier
$96,817
Data Sources and Methodology
Home value data for ZIP code 38585 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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