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Affordable
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These days, finding an affordable place to live in the 38008 area can be challenging. Home prices in 38008 are now at a median cost of $144,708, lower than the Tennessee average of $315,131.
The average cost of rent is $879/mo in 38008, primarily driven by the current value of real estate in the 38008 area. In 38008, 34.23% of households rent, and 36.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38008 is $3,790 per month. Households that rent pay about 23.19% of their income on rent here. 38008’s most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern 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
- 38381, TN: less expensive homes
- 38075, TN: less expensive homes
- 38042, TN: less expensive homes
- 38044, TN: higher priced homes
- 38068, TN: higher priced homes
- 38315, TN: equally priced homes
- 38334, TN: equally priced homes
- 38375, TN: higher priced homes
- 38076, TN: higher priced homes
- 38060, TN: higher priced homes
Zip Codes with Similar Populations
- 07981, NJ: higher priced homes
- 90014, CA: higher priced homes
- 93463, CA: higher priced homes
- 87048, NM: higher priced homes
- 14428, NY: higher priced homes
- 14204, NY: higher priced homes
- 01516, MA: higher priced homes
- 98841, WA: higher priced homes
- 11558, NY: higher priced homes
- 08810, NJ: higher priced homes
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