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These days, finding an affordable place to live in the 37405 area can be challenging. Home prices in 37405 are now at a median cost of $437,837, higher than the Tennessee average of $315,131.
The average cost of rent is $1,482/mo in 37405, primarily driven by the current value of real estate in the 37405 area. In 37405, 50.10% of households rent, and 39.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 37405 is $8,798 per month. Households that rent pay about 16.85% of their income on rent here. 37405’s most expensive areas are in the southeastern 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
- 37402, TN: equally priced homes
- 37403, TN: equally priced homes
- 37415, TN: less expensive homes
- 37351, TN: less expensive homes
- 37408, TN: higher priced homes
- 37406, TN: less expensive homes
- 37404, TN: less expensive homes
- 37419, TN: less expensive homes
- 37377, TN: higher priced homes
- 37410, TN: less expensive homes
Zip Codes with Similar Populations
- 02746, MA: less expensive homes
- 02871, RI: higher priced homes
- 06062, CT: less expensive homes
- 70507, LA: less expensive homes
- 37411, TN: less expensive homes
- 38732, MS: less expensive homes
- 44110, OH: less expensive homes
- 44410, OH: less expensive homes
- 45504, OH: less expensive homes
- 48230, MI: higher priced homes
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