ZIP Code 37040: Population, Income, Housing

State: TN

Total population: 64,977 Household income: $67,745 Rent: $1,266

Overview

Total population

64,977

Rent

$1,266

Year built

2001

Household income

$67,745

Per capita income

$31,500

Poverty rate

16%

Unemployment rate

N/A

Household size

2.5 persons

Rent over 30% of income

44.5%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Demographics

State

Tennessee

County

Montgomery County

City

Clarksville

Total population

64,977

Adults over 25

40,623

Total households

24,705

Household size

2.5 persons

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Income & Poverty

Household income

$67,745

Per capita income

$31,500

Poverty rate

16%

Unemployment rate

N/A

Rent over 30% of income

44.5%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Housing

Rent

$1,266

Year built

2001

Households that rent

42.2%

Households that own

57.8%

Rooms per home (all homes)

5.6

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Race

White

58.3%

Black

23.8%

Asian

2.1%

Two or more races

12.7%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Ethnicity

Hispanic or Latino

12.2%

Not Hispanic or Latino

87.8%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Commute

Commute rate

26,324 (90.7%)

Commute time to work

29 mins

Work from home

2,686 (9.3%)

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Education

Less than high school

31.7%

High school graduate or GED

26.6%

Some college or associate degree

12.7%

Bachelor’s degree or higher

29%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Comparison of ZIP Code 37040 with: Montgomery County, TN Clarksville, TN Clarksville metro area, TN-KY Tennessee United States

ZIP 37040

Total population64,977

Rent$1,266

Year built2001

Household income$67,745

Per capita income$31,500

Poverty rate16%

Unemployment rateN/A

Montgomery County, TN

Total population234,153

Rent$1,308

Year built1998

Household income$75,613

Per capita income$34,949

Poverty rate11.3%

Unemployment rate3.7%

Clarksville, TN

Total population176,456

Rent$1,307

Year built1997

Household income$69,303

Per capita income$32,565

Poverty rate12.3%

Unemployment rate3.9%

Clarksville Metro Area, TN-KY

Total population334,564

Rent$1,207

Year built1994

Household income$68,967

Per capita income$33,014

Poverty rate13.1%

Unemployment rate4.1%

Tennessee State

Total population7,066,383

Rent$1,189

Year built1987

Household income$69,595

Per capita income$39,437

Poverty rate13.8%

Unemployment rate3.4%

United States

Total population334,922,499

Rent$1,413

Year built1980

Household income$80,734

Per capita income$44,673

Poverty rate12.5%

Unemployment rate4%

Metric	ZIP37040	CountyMontgomery, TN	CityClarksville, TN	Metro AreaClarksville metro area, TN-KY	StateTennessee	CountryUnited States
Total population	64,977	234,153	176,456	334,564	7,066,383	334,922,499
Rent	$1,266	$1,308	$1,307	$1,207	$1,189	$1,413
Year built	2001	1998	1997	1994	1987	1980
Household income	$67,745	$75,613	$69,303	$68,967	$69,595	$80,734
Per capita income	$31,500	$34,949	$32,565	$33,014	$39,437	$44,673
Poverty rate	16%	11.3%	12.3%	13.1%	13.8%	12.5%
Unemployment rate	N/A	3.7%	3.9%	4.1%	3.4%	4%

View the full multi-level comparison →

Summary for 37040

Rent & Income

In 37040, the typical monthly rent is $1,266 and the typical household income is $67,745. Rent here is similar to Clarksville and higher than Tennessee, and household income is similar to both Clarksville and Tennessee. The estimated poverty rate is 16%, which is higher than in both Clarksville and Tennessee.

Housing & Affordability

This ZIP Code is primarily owner-occupied, with renters accounting for about 42.2% of households. About 44.5% of renters spend more than 30% of their income on housing, indicating high cost burden.

Education & Employment

Educational attainment is moderate, with about 29% of adults holding a bachelor’s degree or higher.

ZIP 37040 — Rent vs Household Income

ZIP 37040 — Poverty

How ZIP 37040 compares in Tennessee (69 ZIP Codes)

Metric	This ZIP	Rank	Starts from	State range
Rent	$1,266	33 / 69	from lower rent	$732 – $2,202
Household income	$67,745	44 / 69	from higher income	$36,901 – $154,578
Poverty rate	16%	48 / 69	from lower poverty	3.4% – 37.7%

Rankings are calculated among ZIP Codes in Tennessee with total population > 30,000 (year 2024).

Detailed Ranking Explanation for ZIP Code 37040

Rent

When it comes to rent, ZIP Code 37040 ranks 33rd out of 69 ZIP Codes in Tennessee. Statewide, values range from $732 in ZIP 37643 up to $2,202 in ZIP 37027.

Household income

Income-wise, this area is placed 44th out of 69 ZIP Codes. Across Tennessee, figures vary from $36,901 in ZIP 38127 up to $154,578 in ZIP 37027.

Poverty rate

When it comes to poverty, ZIP Code 37040 places 48th out of 69 ZIP Codes. Throughout Tennessee, numbers span from 3.4% in ZIP 38017 up to 37.7% in ZIP 38127.

💰 Rent in ZIP Code 37040 (with Utilities)

Estimated Monthly Rent: $1,266 ℹ️ What’s Included:
✅ Base rent, electricity, gas, water/sewer, and heating fuels
❌ Not included: internet, cable TV, renter's insurance, parking

💡 What does this rent estimate mean?

Explanation: This estimate shows what renters typically pay each month for housing — including the apartment or home and essential utilities like heat, water, and electricity.

Included in this number: Rent plus electricity, gas, water/sewer, and heating fuel.

Not included: Internet, cable, parking, renter’s insurance, or furniture rental.

Note: This cost does not depend on the number of people living in the home.

👨‍👧‍👦 Household Income in ZIP Code 37040

Annual Household Income: $67,745

💡 What does Household Income mean?

Definition: This represents the middle value of all household incomes in the ZIP code — half of households earn less, and half earn more.

Includes: wages, salaries, self-employment income, Social Security, pensions, investments, unemployment, public assistance, and rental income.

Does NOT include: capital gains, non-cash benefits (like food stamps), or tax refunds.

Household = any group of people (or a single person) living in the same housing unit.

Example: A couple earning $40,000 and $30,000 together have a household income of $70,000. If that's in the middle of all local incomes, it's the value shown here.

📉 Poverty Rate in ZIP Code 37040

Estimated Rate: 16%

💡 What does the Poverty Rate represent?

Definition: The percentage of people in this area living below the federal poverty threshold.

How it works: The threshold is a dollar amount set by the U.S. Census Bureau that varies by family size and age. If a household's income is below that level, everyone in it is included in this rate.

Example: In a town of 10,000 people, if 1,500 have incomes below the poverty line, the poverty rate is 15%.

Note: This statistic only includes people living in households; it does not count those in student housing, military barracks, or nursing homes.

🏘️ Renter vs. Owner Households in ZIP Code 37040

In ZIP Code 37040, households that rent: 10,432 (42.2%)

📊 What does the renter household percentage reveal about this ZIP Code?

Household Type	Count	Share
Renter-Occupied	10,432	42.2%
Owner-Occupied	14,273	57.8%

Definition: This is the percentage of households that rent their home rather than own it. It includes only occupied housing units.

Why it matters: Areas with a high share of renter households often have younger populations, higher mobility, and different housing needs compared to mostly owner-occupied areas.

Example: If 65% of homes in an area are renter-occupied, it means 65 out of every 100 households rent their home.

📉 Renters Spending Over 30% of Income on Rent in ZIP Code 37040

In ZIP Code 37040, cost-burdened renters (households spending over 30% of income on housing): 4,640 (44.5%)

🏚️ What Does It Mean When Renters Spend Over 30% of Their Income on Housing?

Household Group	Households	Share
Cost-burdened renters (over 30%)	4,640	44.5%
Other renter households	5,792	55.5%
Total renter households	10,432	100%

Shares are calculated as a percentage of renter households.

This shows how many renters in the ZIP code are considered cost-burdened — meaning they spend more than 30% of their income on housing (rent and basic utilities).

It’s a sign that housing might be unaffordable in the area or that lower-income residents may be struggling with rent.

Data comes from the U.S. Census Bureau’s American Community Survey.

📊 Education Levels in ZIP Code 37040

Less than High School: 12,866 people (31.7%)

Includes adults who did not complete high school.

High School Graduate or GED: 10,826 people (26.6%)

Includes adults whose highest education is a high school diploma or GED.

Some College or Associate Degree: 5,150 people (12.7%)

Includes adults who attended college without completing a bachelor’s degree (some college or associate degree).

Bachelor’s Degree or Higher: 11,781 people (29%)

Includes adults with a bachelor’s degree or higher (bachelor’s, master’s, professional, or doctoral degree).

👥 Total Adults (25+): 40,623

ℹ️ Have questions about how these statistics are calculated? See our data methodology & FAQs

Source: ACS 5-Year Estimates (U.S. Census Bureau) — unemployment rate from BLS. Some values are derived metrics.