37329, Englewood, TN

The 37329 zip code of Englewood, TN has a population of around 36,000 people. The median household income in this zip code is $60,000 which is higher than the national median household income of $53,046. The median home value in this zip code is $167,500 which is higher than the national median home value of $146,800. This means that the homes in this zip code are more expensive than average and there are a lot of homeowners who have a lot of equity in their homes.

One reason why the homes in this zip code are more expensive than average is because there is a high concentration of wealth here. The percentage of households that own their homes outright (without any mortgage) is above the national average and there are also a lot of homeowners who have access to mortgages that allow them to borrow a large amount of money. This means that people who want to buy a home in this zip code can afford to do so and they will also have plenty of equity in their home once they do purchase it.

Another reason why the homes in this zip code are more expensive than average is because there is limited land available for development here. This means that developers are not able to build as many houses as they would like and so they must price their homes higher than they would if there were more houses available for sale. In addition, Englewood has been designated as a “high-growth” area by the Tennessee Valley Authority (TVA), which means that it will experience significant growth over the next few years due to its many amenities and job opportunities. As a result, prices for housing units will continue to increase over time even if the economy does not grow as quickly as TVA expects it to grow.