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These days, finding an affordable place to live in the 37203 area can be challenging. Home prices in 37203 are now at a median cost of $565,592, higher than the Tennessee average of $315,131.
The average cost of rent is $1,916/mo in 37203, primarily driven by the current value of real estate in the 37203 area. In 37203, 78.84% of households rent, and 36.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 37203 is $6,189 per month. Households that rent pay about 30.95% of their income on rent here. 37203’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern 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
- 37212, TN: higher priced homes
- 37219, TN: higher priced homes
- 37243, TN: equally priced homes
- 37201, TN: higher priced homes
- 37213, TN: less expensive homes
- 37208, TN: equally priced homes
- 37204, TN: higher priced homes
- 37228, TN: equally priced homes
- 37210, TN: less expensive homes
- 37206, TN: equally priced homes
Zip Codes with Similar Populations
- 08232, NJ: less expensive homes
- 11360, NY: higher priced homes
- 66209, KS: equally priced homes
- 44108, OH: less expensive homes
- 01749, MA: less expensive homes
- 45638, OH: less expensive homes
- 45822, OH: less expensive homes
- 46240, IN: less expensive homes
- 46706, IN: less expensive homes
- 48393, MI: less expensive homes
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