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These days, finding an affordable place to live in the 37723 area can be challenging. Home prices in 37723 are now at a median cost of $208,404, lower than the Tennessee average of $315,131.
The average cost of rent is $922/mo in 37723, primarily driven by the current value of real estate in the 37723 area. In 37723, 18.56% of households rent, and 63.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 37723 is $5,268 per month. Households that rent pay about 17.50% of their income on rent here. 37723’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central 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
- 38558, TN: higher priced homes
- 38555, TN: higher priced homes
- 37854, TN: less expensive homes
- 38571, TN: higher priced homes
- 38572, TN: equally priced homes
- 37829, TN: less expensive homes
- 37748, TN: equally priced homes
- 38578, TN: less expensive homes
- 37887, TN: less expensive homes
- 37763, TN: higher priced homes
Zip Codes with Similar Populations
- 38473, TN: equally priced homes
- 80623, CO: higher priced homes
- 78946, TX: higher priced homes
- 78935, TX: equally priced homes
- 65024, MO: less expensive homes
- 45362, OH: higher priced homes
- 43442, OH: equally priced homes
- 40145, KY: less expensive homes
- 38961, MS: less expensive homes
- 80810, CO: less expensive homes
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