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These days, finding an affordable place to live in the 37407 area can be challenging. Home prices in 37407 are now at a median cost of $149,981, lower than the Tennessee average of $315,131.
The average cost of rent is $1,016/mo in 37407, primarily driven by the current value of real estate in the 37407 area. In 37407, 57.22% of households rent, and 59.52% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 37407 is $3,319 per month. Households that rent pay about 30.62% of their income on rent here. 37407’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern 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
- 37410, TN: higher priced homes
- 37404, TN: higher priced homes
- 37408, TN: higher priced homes
- 37409, TN: higher priced homes
- 37412, TN: higher priced homes
- 30741, GA: higher priced homes
- 37403, TN: higher priced homes
- 37411, TN: higher priced homes
- 37402, TN: higher priced homes
- 37350, TN: higher priced homes
Zip Codes with Similar Populations
- 46567, IN: higher priced homes
- 77563, TX: higher priced homes
- 73601, OK: equally priced homes
- 59923, MT: higher priced homes
- 55051, MN: higher priced homes
- 54487, WI: higher priced homes
- 51442, IA: equally priced homes
- 01077, MA: higher priced homes
- 46617, IN: higher priced homes
- 77995, TX: higher priced homes
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