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Coalfield CDP, TN

ZIP 37840 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 37840

Median Home Value
$185,100
Median Rent
$431
Affordability Snapshot
$51,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,189/mo PITI).

9%
Rent-to-Income Ratio

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

3.1x
Home Price-to-Income Ratio

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

35.8 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 37840 in Coalfield CDP, TN, a household would need roughly $51,000 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 $1,189. That sits below the local median household income ($60,064), 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

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
76.7%+17% vs US avg
x
Vacancy Rate
4.6%-55% vs US avg
x
Broadband Access
86.4%-1% vs US avg
x
4+ Bedrooms
1.9%-87% vs US avg
x
Built Pre-1939
4.1%-68% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
11.9%-76% vs US avg
x
Mortgage-Free
46.7%+22% vs US avg
x
$185,100
Home Value
$431
Rent
1980
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

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

  • 1-unit detached74.4%
  • 1-unit attached0.0%
  • 2-9 units2.4%
  • 10+ units2.7%
  • Mobile home & other20.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$185,100
Median rent$431
Owner-occupied76.7%
Vacant4.6%
Price-to-income3.1x
Est. income to buy$51,000