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Affordable
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These days, finding an affordable place to live in the 37404 area can be challenging. Home prices in 37404 are now at a median cost of $235,623, lower than the Tennessee average of $315,131.
The average cost of rent is $1,131/mo in 37404, primarily driven by the current value of real estate in the 37404 area. In 37404, 55.06% of households rent, and 48.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 37404 is $4,575 per month. Households that rent pay about 24.72% of their income on rent here. 37404’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern 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
- 37403, TN: higher priced homes
- 37408, TN: higher priced homes
- 37407, TN: less expensive homes
- 37411, TN: higher priced homes
- 37402, TN: higher priced homes
- 37406, TN: less expensive homes
- 37412, TN: less expensive homes
- 37410, TN: equally priced homes
- 37409, TN: higher priced homes
- 37405, TN: higher priced homes
Zip Codes with Similar Populations
- 02465, MA: higher priced homes
- 97210, OR: higher priced homes
- 93908, CA: higher priced homes
- 78576, TX: less expensive homes
- 75757, TX: higher priced homes
- 72212, AR: higher priced homes
- 70811, LA: less expensive homes
- 68133, NE: higher priced homes
- 60471, IL: equally priced homes
- 48166, MI: less expensive homes
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