HousingHandbookReference data

U.S. ZIP Code · TN37321

Rhea County

Typical home value

$264,032[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.6%
5-year / yr
+6.7%
10-year / yr
+7.5%

Relative price

vs U.S.
-7.1%
vs metro
vs state
≈ state median
ZIP 37321 location in TN
Location of ZIP 37321 in TN

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 37321 is worth $264,032. Over the past year, values have risen 1.6%. The effective property tax rate is 0.4%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.4%[3]
Typical annual tax
$1,180[3]

#Climate risk

FEMA National Risk Index ratings for Rhea County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Low
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Relatively Low
Heat wave
Very Low
Hurricane
Very Low
Tornado
Relatively Low
Earthquake
Relatively Low
Winter weather
Relatively Low

#Who lives here

Population
21,084[3]
Median household income
$54,684[3]

#Migration

Household moves in and out of Rhea County over a year, from IRS tax-return data.

Net migration
+160[5]
Moved in
931
Moved out
771

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
4
Elementary
4
Middle
0
High
0
  • Dayton City Elementary

    Elementary · Grades PK–8 · Dayton

    863 students

  • Rhea Central Elementary

    Elementary · Grades PK–5 · Rhea County

    613 students

  • Frazier Elementary

    Elementary · Grades K–5 · Rhea County

    322 students

  • Graysville Elementary School

    Elementary · Grades PK–5 · Rhea County

    215 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,335
Loan principal$211,226
Down payment$52,806
Total interest paid$269,407

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$1,654
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 37321?
The typical home in 37321 is worth $264,032, based on the Zillow Home Value Index.
Are home values rising in 37321?
Home values in 37321 are up 1.6% over the past year, and up 6.7% a year over five years.
What is the property tax rate in 37321?
The effective property tax rate in 37321 is 0.4% — roughly $1,180 a year on a typical home.
Who lives in 37321?
ZIP code 37321 has a population of 21,084 and a median household income of $54,684.

Compare ZIPs

Pit ZIP 37321 against any other ZIP — full side-by-side table.

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