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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 $149,463, lower than the Tennessee average of $218,916.
The average cost of rent is $670/mo in 37616, primarily driven by the current value of real estate in the 37616 area. While nearly 45.26% of residents own their homes outright in 37616, 21.46% rent.
Housing affordability isn’t just about home prices, though. The average household income in 37616 is $4,874 per month. Households that rent pay about 13.74% of their income on rent here. 37616's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 37745, TN: higher priced homes
- 37641, TN: equally priced homes
- 37681, TN: equally priced homes
- 37743, TN: equally priced homes
- 37690, TN: equally priced homes
- 37818, TN: less expensive 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: equally priced homes
- 37846, TN: equally priced homes
- 39422, MS: less expensive homes
- 40006, KY: less expensive homes
- 40831, KY: less expensive homes
- 43357, OH: equally priced homes
- 44902, OH: less expensive homes
- 66434, KS: less expensive homes
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