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These days, finding an affordable place to live in the 37115 area can be challenging. Home prices in 37115 are now at a median cost of $304,607, lower than the Tennessee average of $315,131.
The average cost of rent is $1,297/mo in 37115, primarily driven by the current value of real estate in the 37115 area. In 37115, 57.25% of households rent, and 35.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 37115 is $4,987 per month. Households that rent pay about 26.00% of their income on rent here. 37115’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
- 37216, TN: higher priced homes
- 37207, TN: higher priced homes
- 37138, TN: higher priced homes
- 37072, TN: higher priced homes
- 37206, TN: higher priced homes
- 37075, TN: higher priced homes
- 37189, TN: higher priced homes
- 37228, TN: higher priced homes
- 37214, TN: higher priced homes
- 37213, TN: higher priced homes
Zip Codes with Similar Populations
- 85392, AZ: higher priced homes
- 30180, GA: equally priced homes
- 30014, GA: equally priced homes
- 29710, SC: higher priced homes
- 29708, SC: higher priced homes
- 79927, TX: less expensive homes
- 80601, CO: higher priced homes
- 29150, SC: less expensive homes
- 83605, ID: higher priced homes
- 28226, NC: higher priced homes
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