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These days, finding an affordable place to live in the 37403 area can be challenging. Home prices in 37403 are now at a median cost of $432,427, higher than the Tennessee average of $315,131.
The average cost of rent is $1,333/mo in 37403, primarily driven by the current value of real estate in the 37403 area. In 37403, 73.92% of households rent, and 38.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 37403 is $6,594 per month. Households that rent pay about 20.21% of their income on rent here. 37403’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern 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
- 37402, TN: higher priced homes
- 37408, TN: higher priced homes
- 37404, TN: less expensive homes
- 37405, TN: equally priced homes
- 37407, TN: less expensive homes
- 37406, TN: less expensive homes
- 37410, TN: less expensive homes
- 37409, TN: less expensive homes
- 37411, TN: less expensive homes
- 37351, TN: less expensive homes
Zip Codes with Similar Populations
- 02537, MA: higher priced homes
- 03307, NH: less expensive homes
- 56352, MN: less expensive homes
- 49421, MI: less expensive homes
- 50461, IA: less expensive homes
- 51054, IA: less expensive homes
- 51601, IA: less expensive homes
- 53119, WI: equally priced homes
- 53950, WI: less expensive homes
- 54848, WI: less expensive homes
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