Interested in purchasing investment houses in the 37724 zip code in Cumberland Gap, TN?
The zip code 37724 is in Claiborne county with a latitude of -83.700980000000 and longitude of 36.546890000000, is in the state of Tennessee. The average asking price of houses and condos is $164,800.00 and the average sale price was $101,238.00. this regions is classified as the Knoxville metro area and is in the 423 area code. The location in degrees is 36° 32' 48.804" N, 83° 42' 3.528" W. The county F.I.P.S. is 47025. This zip code contains two cities including Cumberland Gap, TN (1.37%), and Harrogate, TN (0.23%) The total land area is 22.7 square miles and the water area is 0.0 square miles. The elevation in this area is 1270 - 2116 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 37724 is in county number 025 and is L. Sector 00, L. Segment 01, H. Sector 29, and H. Segment 29. The population was 2,637 in 2019 and 2,874 in 2010. Of this, the break down in 2019 was 427 urban and 2,209 rural. This further breaks down to 1,277 males (48.4%) and 1,360 females (51.6%). The median age of residents is 40.4 years. The population of the greater Middlesborough, KY area is 29,476. The population density (people per square mile) is 116. This zip code has a combined total of 1,401 houses and condos. There are 532 rented appartments. 43% of residents rent versus the 43% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $36,159 and the average salary is $33,374. The median household income of individuals is $34,389.00 and the average is $41,030.00. This zip code has a mean commute time to work of 26.3 minutes. The unemployment rate is 4.3%. Income earners by percent breakdown as 65.60% (Under $50,000), 27.50% ($50,000-$100,000), and 6.90% earn over $100,000. 21.3% of residents live below poverty line versus the 13.9% in the state that are below this line. The cost of living index is 81.3. The educational breakdown is 88.2% have a high school education or higher, 24.4% have a bachelor's degree or higher, and 9.5% have some kind of profesional degree.
This area has 1,186 households and the average size is 2.1 people. Individuals who are single and have never been married are 35.8%, 46.2% are now married, 0.7% are separated, 6.9% are widowed, and 10.4% are divorced. The average yearly contribution amount given by people to charity was $3,813 versus the state average of $6,709. The percent of residents who gave to charity was 9.9%.
The estimated median value of houses and condos is $127,603. The median monthly owner costs of mortgage holders was $993, where as the costs for those who don't have a mortgage are $332. The median number of rooms in houses and condos are 6.3 versus apartments which had a median number of 4.2.
The real estate tax percent rate is 0.5% which equated to an average real estate tax amount payment of $601. In comparision, the average real estate tax percent rate in the state is 0.6% which equated to an average real estate tax amount payment in the state of $1,220. The median housing property tax percent for residents with mortgages was 0.4% which amounted to an average tax amount of $663. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.6% which amounted to an average tax amount of $514. Reported taxable interest for persons was $605, dividends $475, and itemized deductions $17,973. The average earned income tax credit is $2,191. The percent of individuals that use a tax preparer is 69.1%. The total average income taxes paid by individuals was $3,909. Businesses reported an average profit of $8,314.
Angelo's In The Gap
527 Colwyn Ave, Cumberland Gap, TN 37724
The Pineapple Tea Room
604 Colwyn Ave, Cumberland Gap, TN 37724
AK's in the Gap
519 Lynn Ave, Cumberland Gap, TN 37724
Gap Creek Coffee House
710 Pinnacle Aly, Cumberland Gap, TN 37724
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