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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 $276,263, lower than the Tennessee average of $315,131.
The average cost of rent is $1,385/mo in 37040, primarily driven by the current value of real estate in the 37040 area. In 37040, 40.87% of households rent, and 32.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 37040 is $6,207 per month. Households that rent pay about 22.31% of their income on rent here. 37040’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 37044, TN: less expensive homes
- 37042, TN: equally priced homes
- 37043, TN: higher priced homes
- 42262, KY: less expensive homes
- 42223, KY: equally priced homes
- 37010, TN: higher priced homes
- 42234, KY: less expensive homes
- 37191, TN: equally priced homes
- 37142, TN: higher priced 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: higher priced homes
- 78501, TX: less expensive homes
- 78251, TX: equally priced homes
- 34744, FL: higher priced homes
- 92647, CA: higher priced homes
- 37129, TN: higher priced homes
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