37355, Manchester, TN

The 37355 zip code of Manchester, TN has a population of around 22,000 people. The median household income in this zip code is $61,000 which is higher than the national median household income of $53,046. The home equity and home prices in this zip code are both high compared to other areas in the United States.

The average home equity in the 37355 zip code is $217,000 which is higher than the national average home equity of $146,200. The average home price in this zip code is $269,500 which is also higher than the national average home price of $225,800. This indicates that homes in this zip code are worth a lot more than homes in other areas of the country.

One reason why homes in this zip code are worth so much more than homes elsewhere is because Manchester has a high rate of homeownership. Approximately 84% of households in this zipcode are homeowners which is higher than the national homeownership rate of 63%. This means that there are a lot more people who have a vested interest in keeping prices high for their properties.

Another reason why homes in this area are worth so much more than elsewhere is because Manchester has a low unemployment rate. The unemployment rate for Manchester was 3% as of May 2017 which is lower than the nationwide unemployment rate of 4%. This means that there are plenty of people available to buy or rent property here and they aren't worried about losing their jobs anytime soon.