37129, Murfreesboro, TN

The 37129 zip code of Murfreesboro, TN is home to a population of around 114,000 people. The median household income in this zip code is $50,000, which is lower than the national median household income of $53,046. However, the median home value in this zip code is $187,500, which is higher than the national median home value of $161,500. This indicates that there are a greater number of homes in this zip code that are worth more than the average American home.

One reason why there are more homes in this zip code that are worth more than the average American home may be because there is a high concentration of affluent residents in this area. The percentage of households earning over $200,000 annually is above the national average and the percentage of households earning over $300,000 annually is also above the national average. These high-income earners may be able to afford to buy more expensive homes than other Americans can afford.

Another reason why there are more homes in this zip code that are worth more than the average American home may be because there has been an increase in housing prices over time. Between 2000 and 2016, housing prices increased by an inflation-adjusted 94%. This indicates that even though wages have not kept up with inflation over time, house prices have continued to rise significantly. In some cases, people who were not able to purchase a house before may now be able to do so due to rising house prices.