38251, Puryear, TN

The 38251 zip code of Puryear, TN has a median home value of $119,000. The home equity in this zip code is $40,000. This means that the average homeowner in this zip code has 40% equity in their home. The average homeowner also pays an annual mortgage interest rate of 3%. This means that the average homeowner in this zip code is paying 3% of their home's value each year in mortgage interest.

The 38251 zip code has a median household income of $51,500. This means that the average homeowner in this zip code makes significantly more than the median household income for all households in Tennessee ($41,250). Additionally, the percentage of homeowners who owe more on their mortgages than their homes are worth is much lower (4%) than it is for all households (8%).

Overall, it can be seen that homeownership and home equity are very strong values within the 38251 zip code of Puryear. Homeowners here are able to afford high-interest rates and still have a significant amount of equity remaining in their homes after paying off any outstanding debts.