38224, Cottage Grove, TN

Home Equity and Home Prices in the 38224 Zip Code of Cottage Grove, TN

The 38224 zip code of Cottage Grove, TN has a median home value of $157,000. This is higher than the national median home value of $127,500. The 38224 zip code also has a lower than average homeownership rate at just 54%. This is lower than the national homeownership rate of 63%.

There are several factors that may contribute to the higher home values in this zip code. One reason may be that Cottage Grove is located in Williamson County which has a high level of education and income. Additionally, many homes in this area were built between 2000-2009 which may have increased their value due to increased demand and limited supply. Finally, there is a high level of demand for housing in this area due to its proximity to Nashville and other major cities.

Despite these factors, there are some challenges facing home buyers in the 38224 zip code. One issue is that there are not as many homes available for sale as there are people who want to buy them. Additionally, prices can vary significantly from one neighborhood to another within this zip code.