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Palmer town, TN

ZIP 37365 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 37365

Median Home Value
$97,600
Median Rent
$259
Affordability Snapshot
$27,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$627/mo PITI).

6%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

1.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

31.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 37365 in Palmer town, TN, a household would need roughly $27,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $627. That sits below the local median household income ($50,962), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 16% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
92.1%+41% vs US avg
x
Vacancy Rate
16.3%+58% vs US avg
x
Broadband Access
74.7%-14% vs US avg
x
4+ Bedrooms
6.7%-55% vs US avg
x
Built Pre-1939
1.8%-86% vs US avg
x
Built Post-2014
1.5%-78% vs US avg
x
Rent Burden >30%
6.8%-86% vs US avg
x
Mortgage-Free
66.1%+73% vs US avg
x
$97,600
Home Value
$259
Rent
1982
Year Built
2003
Moved In

Residents have lived here since ~2003 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached70.8%
  • 1-unit attached0.8%
  • 2-9 units0.9%
  • 10+ units0.0%
  • Mobile home & other27.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$97,600
Median rent$259
Owner-occupied92.1%
Vacant16.3%
Price-to-income1.9x
Est. income to buy$27,000