Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the 37216 area can be challenging. Home prices in 37216 are now at a median cost of $308,372, higher than the Tennessee average of $218,916.
The average cost of rent is $1,387/mo in 37216, primarily driven by the current value of real estate in the 37216 area. While nearly 20.40% of residents own their homes outright in 37216, 35.36% rent.
Housing affordability isn’t just about home prices, though. The average household income in 37216 is $6,056 per month. Households that rent pay about 22.90% of their income on rent here. 37216's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 37206, TN: higher priced homes
- 37207, TN: less expensive homes
- 37115, TN: less expensive homes
- 37213, TN: higher priced homes
- 37228, TN: equally priced homes
- 37201, TN: higher priced homes
- 37219, TN: equally priced homes
- 37243, TN: less expensive homes
- 37208, TN: equally priced homes
- 37214, TN: less expensive homes
Zip Codes with Similar Populations
- 01075, MA: equally priced homes
- 55130, MN: less expensive homes
- 61364, IL: less expensive homes
- 75009, TX: higher priced homes
- 34465, FL: less expensive homes
- 31750, GA: less expensive homes
- 30273, GA: less expensive homes
- 95519, CA: higher priced homes
- 96768, HI: higher priced homes
- 22205, VA: higher priced homes
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