Photo: Brian Stansberry · CC BY 4.012 homes sold in Gates in the last year, at a typical $127K
Redfin reports Gates’ sales by ZIP code, so these figures are for ZIP 38037, which takes in Gates and the area around it. Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, and a shortcut to every site where Gates homes are listed.
Every place Gates homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Gates.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 100% of Gates’ sales, at a typical $127K
12 homes sold in the year to May 2026.
typical sale · 12 sold in 12 months
- Per square foot
- $75TN $209
- Days to sell
- 71
- Sold over asking
- 17%
More homes sell than most years, at twice the 2017 price
12 sales in the last year, against 14 in 2024 and a low of 5 in 2017. The typical sale went from $59K in 2017 to $127K.
Source: Redfin Data Center, MLS sales; for ZIP 38037, which takes in Gates and the area around it (each month is a 3-month rolling window, its counts divided by 3). Typical price and $/sq ft are the monthly medians, weighted by sales.
What $150K buys in Gates
Check a listing against what Gates homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Owning the typical Gates home costs about $743 a month
Price: Gates’ typical sale, last 12 months. Property tax at Gates’ 0.8% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Gates is affordable on local pay is on Cost of living.
Four things worth knowing
Property tax, a year
Of a home’s value: the median bill over the median home value. On a $127K home, about $960 a year.
Taxes vs. neighborsCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Post your home to Gates, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Gates. People who follow the town see it, and so do people comparing Gates with their own town. No commission, no listing fee.
Questions about buying a home in Gates
What do homes sell for in Gates, TN?
12 homes sold in the year to May 2026 at a typical $127K, $75 a square foot.
Is Gates a buyer’s or seller’s market?
A balanced market: 4 homes were for sale in May 2026 and 1 sold, about 4 months of supply. Buyers paid 97.1% of asking on average.
How much are property taxes in Gates?
About 0.8% of a home’s value a year. On a $127K home that’s near $960.
Where can I see homes for sale in Gates?
Zillow, Redfin, Realtor.com and Homes.com all carry Gates’ MLS listings; the search links above open each one filtered to Gates.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; for ZIP 38037, which takes in Gates and the area around it (each month is a 3-month rolling window, its counts divided by 3)). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).