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These days, finding an affordable place to live in the 37408 area can be challenging. Home prices in 37408 are now at a median cost of $478,306, higher than the Tennessee average of $315,131.
The average cost of rent is $1,303/mo in 37408, primarily driven by the current value of real estate in the 37408 area. In 37408, 72.52% of households rent, and 28.96% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 37408 is $6,449 per month. Households that rent pay about 20.21% of their income on rent here. 37408’s most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern 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: less expensive homes
- 37404, TN: less expensive homes
- 37410, TN: less expensive homes
- 37407, TN: less expensive homes
- 37409, TN: less expensive homes
- 37405, TN: equally priced homes
- 37350, TN: higher priced homes
- 37419, TN: less expensive homes
- 37406, TN: less expensive homes
Zip Codes with Similar Populations
- 14541, NY: less expensive homes
- 18942, PA: higher priced homes
- 46071, IN: less expensive homes
- 01908, MA: higher priced homes
- 31566, GA: less expensive homes
- 26456, WV: less expensive homes
- 57028, SD: less expensive homes
- 64477, MO: less expensive homes
- 66506, KS: less expensive homes
- 96731, HI: higher priced homes
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