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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 $313,788, higher than the Tennessee average of $218,916.
The average cost of rent is $976/mo in 37408, primarily driven by the current value of real estate in the 37408 area. While nearly 32.07% of residents own their homes outright in 37408, 65.12% rent.
Housing affordability isn’t just about home prices, though. The average household income in 37408 is $5,208 per month. Households that rent pay about 18.73% of their income on rent here. 37408's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 37402, TN: equally priced homes
- 37403, TN: higher priced homes
- 37404, TN: less expensive homes
- 37410, TN: less expensive homes
- 37407, TN: less expensive homes
- 37409, TN: less expensive homes
- 37405, TN: less expensive homes
- 37350, TN: higher priced homes
- 37419, TN: equally priced 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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