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Cumberland Gap town, TN

ZIP 37724 — Housing & Real Estate

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

Low Income AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 37724

Median Home Value
$144,800
Median Rent
$735
Affordability Snapshot
$40,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$930/mo PITI).

25%
Rent-to-Income Ratio

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

4.2x
Home Price-to-Income Ratio

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

16.4 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 37724 in Cumberland Gap town, TN, a household would need roughly $40,000 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 $930. That is about 15% above the local median household income ($34,694), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
54.3%-17% vs US avg
x
Vacancy Rate
9.6%-7% vs US avg
x
Broadband Access
82.4%-5% vs US avg
x
4+ Bedrooms
2.1%-86% vs US avg
x
Built Pre-1939
1.5%-88% vs US avg
x
Built Post-2014
1.7%-75% vs US avg
x
Rent Burden >30%
33.0%-34% vs US avg
x
Mortgage-Free
47.1%+23% vs US avg
x
$144,800
Home Value
$735
Rent
1996
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

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

  • 1-unit detached51.2%
  • 1-unit attached1.4%
  • 2-9 units21.5%
  • 10+ units8.8%
  • Mobile home & other17.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$144,800
Median rent$735
Owner-occupied54.3%
Vacant9.6%
Price-to-income4.2x
Est. income to buy$40,000