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Butler CDP, TN

ZIP 37640 — 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 37640

Median Home Value
$154,400
Median Rent
$439
Affordability Snapshot
$43,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$992/mo PITI).

11%
Rent-to-Income Ratio

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

3.3x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

29.3 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 37640 in Butler CDP, TN, a household would need roughly $43,000 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 $992. That is roughly in line with the local median household income ($47,404). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 30% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
84.3%+29% vs US avg
x
Vacancy Rate
30.1%+192% vs US avg
x
Broadband Access
71.8%-17% vs US avg
x
4+ Bedrooms
3.8%-74% vs US avg
x
Built Pre-1939
6.5%-49% vs US avg
x
Built Post-2014
0.8%-89% vs US avg
x
Rent Burden >30%
18.7%-62% vs US avg
x
Mortgage-Free
65.0%+70% vs US avg
x
$154,400
Home Value
$439
Rent
1989
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

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

  • 1-unit detached67.6%
  • 1-unit attached2.3%
  • 2-9 units4.8%
  • 10+ units0.0%
  • Mobile home & other25.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$154,400
Median rent$439
Owner-occupied84.3%
Vacant30.1%
Price-to-income3.3x
Est. income to buy$43,000