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These days, finding an affordable place to live in the 37218 area can be challenging. Home prices in 37218 are now at a median cost of $361,069, higher than the Tennessee average of $315,131.
The average cost of rent is $1,271/mo in 37218, primarily driven by the current value of real estate in the 37218 area. In 37218, 33.98% of households rent, and 36.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 37218 is $5,753 per month. Households that rent pay about 22.09% of their income on rent here. 37218’s most expensive areas are in the northern regions, while the cheapest areas are in the southern 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
- 37228, TN: higher priced homes
- 37208, TN: higher priced homes
- 37207, TN: equally priced homes
- 37209, TN: higher priced homes
- 37189, TN: higher priced homes
- 37243, TN: higher priced homes
- 37219, TN: higher priced homes
- 37201, TN: higher priced homes
- 37203, TN: higher priced homes
- 37213, TN: higher priced homes
Zip Codes with Similar Populations
- 78676, TX: higher priced homes
- 29624, SC: less expensive homes
- 29662, SC: less expensive homes
- 30830, GA: less expensive homes
- 38120, TN: higher priced homes
- 46615, IN: less expensive homes
- 53129, WI: less expensive homes
- 55108, MN: higher priced homes
- 56345, MN: less expensive homes
- 63132, MO: equally priced homes
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