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These days, finding an affordable place to live in the 38006 area can be challenging. Home prices in 38006 are now at a median cost of $184,582, lower than the Tennessee average of $315,131.
The average cost of rent is $850/mo in 38006, primarily driven by the current value of real estate in the 38006 area. In 38006, 33.87% of households rent, and 46.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38006 is $5,409 per month. Households that rent pay about 15.71% of their income on rent here. 38006’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western 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
- 38337, TN: equally priced homes
- 38001, TN: less expensive homes
- 38050, TN: less expensive homes
- 38021, TN: equally priced homes
- 38343, TN: equally priced homes
- 38305, TN: higher priced homes
- 38301, TN: less expensive homes
- 38362, TN: equally priced homes
- 38355, TN: higher priced homes
- 38037, TN: less expensive homes
Zip Codes with Similar Populations
- 44280, OH: higher priced homes
- 78014, TX: less expensive homes
- 35116, AL: higher priced homes
- 48618, MI: less expensive homes
- 44262, OH: higher priced homes
- 30629, GA: higher priced homes
- 24586, VA: less expensive homes
- 24340, VA: equally priced homes
- 02702, MA: higher priced homes
- 17053, PA: higher priced homes
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