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These days, finding an affordable place to live in the 37847 area can be challenging. Home prices in 37847 are now at a median cost of $88,837, lower than the Tennessee average of $218,916.
The average cost of rent is $675/mo in 37847, primarily driven by the current value of real estate in the 37847 area. While nearly 62.58% of residents own their homes outright in 37847, 21.01% rent.
Housing affordability isn’t just about home prices, though. The average household income in 37847 is $4,287 per month. Households that rent pay about 15.74% of their income on rent here. 37847's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 37756, TN: equally priced homes
- 37892, TN: higher priced homes
- 37755, TN: higher priced homes
- 37841, TN: higher priced homes
- 37819, TN: higher priced homes
- 37757, TN: higher priced homes
- 37766, TN: higher priced homes
- 37762, TN: higher priced homes
- 37852, TN: higher priced homes
- 37732, TN: higher priced homes
Zip Codes with Similar Populations
- 92662, CA: higher priced homes
- 12821, NY: higher priced homes
- 13092, NY: higher priced homes
- 13101, NY: higher priced homes
- 14139, NY: higher priced homes
- 54460, WI: equally priced homes
- 48857, MI: higher priced homes
- 54498, WI: higher priced homes
- 59829, MT: higher priced homes
- 62468, IL: equally priced homes
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