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These days, finding an affordable place to live in the 37040 area can be challenging. Home prices in 37040 are now at a median cost of $187,368, lower than the Tennessee average of $218,916.
The average cost of rent is $1,066/mo in 37040, primarily driven by the current value of real estate in the 37040 area. While nearly 31.73% of residents own their homes outright in 37040, 40.83% rent.
Housing affordability isn’t just about home prices, though. The average household income in 37040 is $5,272 per month. Households that rent pay about 20.22% of their income on rent here. 37040's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 37044, TN: higher priced homes
- 37042, TN: less expensive homes
- 37043, TN: higher priced homes
- 42262, KY: less expensive homes
- 42223, KY: less expensive homes
- 37010, TN: higher priced homes
- 42234, KY: less expensive homes
- 37191, TN: equally priced homes
- 37142, TN: less expensive homes
- 42204, KY: less expensive homes
Zip Codes with Similar Populations
- 92571, CA: higher priced homes
- 32246, FL: higher priced homes
- 32259, FL: higher priced homes
- 83301, ID: higher priced homes
- 85345, AZ: equally priced homes
- 78501, TX: less expensive homes
- 78251, TX: higher priced homes
- 34744, FL: higher priced homes
- 92647, CA: higher priced homes
- 37129, TN: higher priced homes
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