37318, Cowan, TN

The 37318 zip code of Cowan, TN is located in the southeastern corner of Tennessee and includes a population of approximately 2,000. The median home value in this zip code is $130,000 and the median home equity is $87,500. The average monthly mortgage payment for homes in this zip code is $1,724.

There are a number of factors that contribute to the high home values in this zip code. First and foremost, Cowan is located in an affluent area of Tennessee with a high rate of home ownership. Additionally, there are a number of large estates and rural properties within the zip code that have been converted into single-family homes over the past few years. Finally, there has been an increase in demand for housing within this zip code due to its close proximity to major metropolitan areas such as Nashville and Memphis.

Despite these positive factors, there are some challenges facing homeowners in the 37318 zip code. One issue is that there has been a recent uptick in foreclosure activity within the area which has led to increased competition for available homes. Additionally, although prices have increased significantly over the past few years, wages have not kept pace with inflation which may make it difficult for some people to afford a home on their own."