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These days, finding an affordable place to live in the 37616 area can be challenging. Home prices in 37616 are now at a median cost of $206,632, lower than the Tennessee average of $315,131.
The average cost of rent is $721/mo in 37616, primarily driven by the current value of real estate in the 37616 area. In 37616, 20.74% of households rent, and 47.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 37616 is $5,622 per month. Households that rent pay about 12.83% of their income on rent here. 37616’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern 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
- 37745, TN: equally priced homes
- 37641, TN: equally priced homes
- 37681, TN: equally priced homes
- 37743, TN: equally priced homes
- 37690, TN: equally priced homes
- 37818, TN: equally priced homes
- 37659, TN: higher priced homes
- 37809, TN: less expensive homes
- 37711, TN: less expensive homes
- 37650, TN: less expensive homes
Zip Codes with Similar Populations
- 68355, NE: less expensive homes
- 37738, TN: higher priced homes
- 37754, TN: higher priced homes
- 37846, TN: equally priced homes
- 39422, MS: less expensive homes
- 40006, KY: less expensive homes
- 40831, KY: less expensive homes
- 43357, OH: higher priced homes
- 44902, OH: less expensive homes
- 66434, KS: less expensive homes
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