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These days, finding an affordable place to live in the 37205 area can be challenging. Home prices in 37205 are now at a median cost of $1,046,202, higher than the Tennessee average of $315,131.
The average cost of rent is $2,204/mo in 37205, primarily driven by the current value of real estate in the 37205 area. In 37205, 31.76% of households rent, and 43.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 37205 is $13,305 per month. Households that rent pay about 16.57% of their income on rent here. 37205’s most expensive areas are in the southern regions, while the cheapest areas are in the northern 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
- 37209, TN: less expensive homes
- 37215, TN: equally priced homes
- 37212, TN: equally priced homes
- 37204, TN: less expensive homes
- 37203, TN: less expensive homes
- 37208, TN: less expensive homes
- 37243, TN: less expensive homes
- 37219, TN: less expensive homes
- 37221, TN: less expensive homes
- 37201, TN: less expensive homes
Zip Codes with Similar Populations
- 39350, MS: less expensive homes
- 70127, LA: less expensive homes
- 67601, KS: less expensive homes
- 72301, AR: less expensive homes
- 73020, OK: less expensive homes
- 77478, TX: less expensive homes
- 06473, CT: less expensive homes
- 92617, CA: less expensive homes
- 98405, WA: less expensive homes
- 45236, OH: less expensive homes
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