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These days, finding an affordable place to live in the 37640 area can be challenging. Home prices in 37640 are now at a median cost of $188,876, lower than the Tennessee average of $315,131.
The average cost of rent is $827/mo in 37640, primarily driven by the current value of real estate in the 37640 area. In 37640, 14.27% of households rent, and 72.06% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 37640 is $4,123 per month. Households that rent pay about 20.06% of their income on rent here. 37640’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern 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
- 28679, NC: higher priced homes
- 37643, TN: less expensive homes
- 37683, TN: equally priced homes
- 37658, TN: less expensive homes
- 37691, TN: less expensive homes
- 28692, NC: higher priced homes
- 28698, NC: higher priced homes
- 37694, TN: equally priced homes
- 37618, TN: equally priced homes
- 37682, TN: higher priced homes
Zip Codes with Similar Populations
- 23603, VA: higher priced homes
- 53964, WI: equally priced homes
- 92256, CA: higher priced homes
- 89415, NV: equally priced homes
- 85356, AZ: less expensive homes
- 83352, ID: higher priced homes
- 83014, WY: higher priced homes
- 80610, CO: higher priced homes
- 73737, OK: less expensive homes
- 72858, AR: equally priced homes
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