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These days, finding an affordable place to live in the 37062 area can be challenging. Home prices in 37062 are now at a median cost of $390,408, higher than the Tennessee average of $315,131.
The average cost of rent is $1,429/mo in 37062, primarily driven by the current value of real estate in the 37062 area. In 37062, 22.46% of households rent, and 35.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 37062 is $7,829 per month. Households that rent pay about 18.25% of their income on rent here. 37062’s most expensive areas are in the western regions, while the cheapest areas are in the eastern 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
- 37082, TN: equally priced homes
- 37025, TN: less expensive homes
- 37029, TN: equally priced homes
- 38476, TN: higher priced homes
- 37098, TN: less expensive homes
- 37221, TN: higher priced homes
- 37069, TN: higher priced homes
- 37064, TN: higher priced homes
- 37055, TN: less expensive homes
- 37067, TN: higher priced homes
Zip Codes with Similar Populations
- 70538, LA: less expensive homes
- 32643, FL: less expensive homes
- 32693, FL: less expensive homes
- 33316, FL: higher priced homes
- 33477, FL: higher priced homes
- 40033, KY: less expensive homes
- 45434, OH: less expensive homes
- 48122, MI: less expensive homes
- 48360, MI: equally priced homes
- 48840, MI: less expensive homes
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