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These days, finding an affordable place to live in the 38002 area can be challenging. Home prices in 38002 are now at a median cost of $396,041, higher than the Tennessee average of $315,131.
The average cost of rent is $1,916/mo in 38002, primarily driven by the current value of real estate in the 38002 area. In 38002, 16.15% of households rent, and 25.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38002 is $10,437 per month. Households that rent pay about 18.36% of their income on rent here. 38002’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 38133, TN: less expensive homes
- 38016, TN: less expensive homes
- 38028, TN: higher priced homes
- 38036, TN: less expensive homes
- 38135, TN: less expensive homes
- 38018, TN: less expensive homes
- 38134, TN: less expensive homes
- 38054, TN: less expensive homes
- 38053, TN: less expensive homes
- 38128, TN: less expensive homes
Zip Codes with Similar Populations
- 98058, WA: higher priced homes
- 30294, GA: less expensive homes
- 30032, GA: less expensive homes
- 29687, SC: less expensive homes
- 29621, SC: less expensive homes
- 29414, SC: higher priced homes
- 28806, NC: less expensive homes
- 28306, NC: less expensive homes
- 97305, OR: equally priced homes
- 27215, NC: less expensive homes
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