37110, Mcminnville, TN

The 37110 zip code of Mcminnville, TN has a median home value of $131,000. This is a decrease from the previous year when the median home value was $135,000. The reason for this decrease could be due to a number of factors such as low inventory and increasing interest rates.

In terms of home equity, homeowners in the 37110 zip code have an average equity of $87,000. This is an increase from the previous year when homeowners had an average equity of $81,000. Homeowners who have equity in their homes can use this money to pay down debt or invest in other assets.

Another measure of home values is the price-to-income ratio. In the 37110 zip code, this measure is currently at 2.8 which indicates that homes are relatively affordable compared to other areas in Tennessee.