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These days, finding an affordable place to live in the 37206 area can be challenging. Home prices in 37206 are now at a median cost of $594,935, higher than the Tennessee average of $315,131.
The average cost of rent is $1,795/mo in 37206, primarily driven by the current value of real estate in the 37206 area. In 37206, 49.53% of households rent, and 19.52% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 37206 is $8,609 per month. Households that rent pay about 20.85% of their income on rent here. 37206’s most expensive areas are in the central regions, while the cheapest areas are in the western 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
- 37213, TN: less expensive homes
- 37201, TN: equally priced homes
- 37216, TN: less expensive homes
- 37219, TN: equally priced homes
- 37243, TN: equally priced homes
- 37210, TN: less expensive homes
- 37228, TN: less expensive homes
- 37207, TN: less expensive homes
- 37208, TN: less expensive homes
- 37203, TN: equally priced homes
Zip Codes with Similar Populations
- 02861, RI: less expensive homes
- 97703, OR: higher priced homes
- 96753, HI: higher priced homes
- 95815, CA: less expensive homes
- 22401, VA: less expensive homes
- 28715, NC: less expensive homes
- 95603, CA: higher priced homes
- 01089, MA: less expensive homes
- 43209, OH: less expensive homes
- 94132, CA: higher priced homes
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