38012, Brownsville, TN

The 38012 zip code of Brownsville, TN is located in the southeastern corner of Tennessee and includes a population of approximately 23,000. The median household income in this zip code is $41,500, which is lower than the national median household income of $53,046. The unemployment rate in this zip code is 6.5%, which is higher than the national unemployment rate of 5.1%.

Home equity and home prices are important indicators of economic health for a community. Home equity refers to the value of a home minus all outstanding debt on that home. Home prices refer to the price at which homes are sold or offered for sale. In general, when there is more demand for homes than available supply, home prices will increase. Conversely, when there is too much demand for homes relative to available supply, home prices will increase even further due to over-inflationary pressures on the market.

In the 38012 zip code of Brownsville, TN there has been an increasing demand for homes over recent years due to an influx of new residents and an increase in job opportunities within this area. As a result, home values have increased significantly over the past few years and now stand at around $130 per square foot - well above the regional average price of $98 per square foot. This strong market trend indicates that there remains strong demand for housing within this area and that current homeowners may be able to maintain their current property values through continued growth in their local economy.