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These days, finding an affordable place to live in the 38007 area can be challenging. Home prices in 38007 are now at a median cost of $116,900, lower than the Tennessee average of $218,916.
The average cost of rent is $903/mo in 38007, primarily driven by the current value of real estate in the 38007 area. While nearly 44.02% of residents own their homes outright in 38007, 28.42% rent.
Housing affordability isn’t just about home prices, though. The average household income in 38007 is $5,506 per month. Households that rent pay about 16.40% of their income on rent here. 38007's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 38047, TN: equally priced homes
- 38080, TN: less expensive homes
- 38024, TN: higher priced homes
- 38030, TN: equally priced homes
- 38059, TN: equally priced homes
- 38240, TN: less expensive homes
- 63830, MO: equally priced homes
- 38259, TN: equally priced homes
- 63851, MO: less expensive homes
- 63839, MO: less expensive homes
Zip Codes with Similar Populations
- 79240, TX: less expensive homes
- 59333, MT: higher priced homes
- 59465, MT: higher priced homes
- 59642, MT: higher priced homes
- 59724, MT: higher priced homes
- 59842, MT: higher priced homes
- 60926, IL: equally priced homes
- 01229, MA: higher priced homes
- 77342, TX: higher priced homes
- 77440, TX: equally priced homes
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