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These days, finding an affordable place to live in the 37416 area can be challenging. Home prices in 37416 are now at a median cost of $274,458, lower than the Tennessee average of $315,131.
The average cost of rent is $1,119/mo in 37416, primarily driven by the current value of real estate in the 37416 area. In 37416, 39.46% of households rent, and 36.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 37416 is $6,067 per month. Households that rent pay about 18.45% of their income on rent here. 37416’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
- 37406, TN: less expensive homes
- 37351, TN: less expensive homes
- 37421, TN: higher priced homes
- 37343, TN: equally priced homes
- 37411, TN: equally priced homes
- 37363, TN: higher priced homes
- 37415, TN: higher priced homes
- 37341, TN: equally priced homes
- 37404, TN: less expensive homes
- 37412, TN: less expensive homes
Zip Codes with Similar Populations
- 75418, TX: less expensive homes
- 28791, NC: higher priced homes
- 29693, SC: less expensive homes
- 01119, MA: less expensive homes
- 34240, FL: higher priced homes
- 64057, MO: equally priced homes
- 64079, MO: higher priced homes
- 67220, KS: less expensive homes
- 67235, KS: higher priced homes
- 74344, OK: less expensive homes
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