Interested in purchasing investment houses in the 37840 zip code in Oliver Springs, TN?
The zip code 37840 is in both Morgan and Anderson counties with a latitude of -84.375470000000 and longitude of 36.059330000000, is in the state of Tennessee. The average asking price of houses and condos is $145,672.00 and the average sale price was $74,871.00. this regions is classified as the Knoxville metro area and is in the 865 area code. The location in degrees is 36° 3' 33.588" N, 84° 22' 31.692" W. The county F.I.P.S. is 47145. This zip code contains three cities including Oliver Springs, TN (6.52%), Petros, TN (3.43%), and Oak Ridge, TN (0.06%) The total land area is 85.2 square miles and the water area is 0.0 square miles. The elevation in this area is 850 - 2631 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 37840 is in county number 129 and is L. Sector 00, L. Segment 01, H. Sector 60, and H. Segment 60. The population was 10,349 in 2019 and 10,021 in 2010. Of this, the break down in 2019 was 3,428 urban and 6,920 rural. This further breaks down to 4,998 males (48.3%) and 5,351 females (51.7%). The median age of residents is 42.2 years. The population of the greater Harriman, TN area is 54,142. The population density (people per square mile) is 121. This zip code has a combined total of 4,305 houses and condos. There are 980 rented appartments. 24% of residents rent versus the 24% 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 $41,693 and the average salary is $38,732. The median household income of individuals is $40,109.00 and the average is $48,230.00. This zip code has a mean commute time to work of 26.2 minutes. The unemployment rate is 3.7%. Income earners by percent breakdown as 61.90% (Under $50,000), 29.90% ($50,000-$100,000), and 8.20% earn over $100,000. 19.6% of residents live below poverty line versus the 13.9% in the state that are below this line. The cost of living index is 79.3. The educational breakdown is 84.0% have a high school education or higher, 12.2% have a bachelor's degree or higher, and 3.7% have some kind of profesional degree.
This area has 3,996 households and the average size is 2.6 people. Individuals who are single and have never been married are 22.8%, 52.0% are now married, 1.8% are separated, 7.2% are widowed, and 16.1% are divorced. The average yearly contribution amount given by people to charity was $5,898 versus the state average of $6,709. The percent of residents who gave to charity was 12.2%.
The estimated median value of houses and condos is $145,737. The median monthly owner costs of mortgage holders was $1,114, where as the costs for those who don't have a mortgage are $401. The median number of rooms in houses and condos are 5.9 versus apartments which had a median number of 4.7.
The real estate tax percent rate is 0.7% which equated to an average real estate tax amount payment of $969. 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 0.7% which amounted to an average tax amount of $1,025. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.7% which amounted to an average tax amount of $891. Reported taxable interest for persons was $1,126, dividends $2,541, capital gains +$2,904, and itemized deductions $17,680. The average earned income tax credit is $2,412. The percent of individuals that use a tax preparer is 48.5%. The total average income taxes paid by individuals was $3,295. Businesses reported an average profit of $10,082.
Bray's BBQ
1202 E Tri County Blvd, Oliver Springs, TN 37840
Ruby & Family Diner
400 Main St, Oliver Springs, TN 37840
Mama's Diner
514 E Tri County Blvd, Oliver Springs, TN 37840
Los Trios Mexican Restaurant
1233 E Tri County Blvd, Oliver Springs, TN 37840
Brushy Mountain Market
10208 Petros Hwy, Oliver Springs, TN 37840
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