37326, Ducktown, TN

Ducktown, TN is located in the 37326 zip code. The median home value in this zip code is $128,900. Ducktown has a population of 1,836 people and the median household income is $41,000. Approximately 38% of households in this zip code are below the poverty line. The percentage of home values that are below market value is approximately 33%.

The average price per square foot for homes in this zip code is $40. This means that the median home value in Ducktown is about one-third lower than the national average price per square foot for homes. In addition, approximately 33% of homes in Ducktown are worth less than their mortgages. This percentage is significantly higher than the national percentage of 20%.

There are several factors that may contribute to why Ducktown has a high percentage of homes that are worth less than their mortgages:

-The unemployment rate in this zip code is above the national average and there may be more families who have difficulty making ends meet due to low wages or lost jobs.

-Many homeowners here have taken out high-interest loans to purchase their homes and may not be able to afford to pay off these loans if prices decline significantly or if they lose their jobs.

-The area around Ducktown has been hit particularly hard by the recession and many people who live here have had to reduce their spending or make other sacrifices in order to keep their homes.