37076, Hermitage, TN

The 37076 zip code of Hermitage, TN has a median home value of $137,500 and a median home equity value of $101,000. This is significantly lower than the national median home value of $217,500 and the national median home equity value of $146,000. The 37076 zip code also has a significantly lower homeownership rate than the national homeownership rate of 66.7%.

There are several factors that may contribute to the low home values in the 37076 zip code. First, Hermitage is located in an economically depressed area of Tennessee. Second, there are a large number of vacant homes in this zip code which may be contributing to the low home values. Third, many homes in this zip code are owned by retirees who may be less likely to sell or upgrade their homes over time. Finally, there is a high level of student loan debt among residents which could be limiting their ability to purchase or invest in property.