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These days, finding an affordable place to live in the 38011 area can be challenging. Home prices in 38011 are now at a median cost of $224,608, lower than the Tennessee average of $315,131.
The average cost of rent is $1,152/mo in 38011, primarily driven by the current value of real estate in the 38011 area. In 38011, 24.22% of households rent, and 42.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38011 is $6,036 per month. Households that rent pay about 19.09% of their income on rent here. 38011’s most expensive areas are in the southeastern 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
- 38004, TN: higher priced homes
- 38058, TN: higher priced homes
- 38019, TN: equally priced homes
- 38015, TN: less expensive homes
- 38049, TN: less expensive homes
- 38023, TN: equally priced homes
- 38036, TN: equally priced homes
- 38054, TN: higher priced homes
- 38053, TN: equally priced homes
- 38069, TN: less expensive homes
Zip Codes with Similar Populations
- 32976, FL: less expensive homes
- 80230, CO: higher priced homes
- 79766, TX: equally priced homes
- 77518, TX: less expensive homes
- 46407, IN: less expensive homes
- 44444, OH: less expensive homes
- 43076, OH: higher priced homes
- 36460, AL: less expensive homes
- 34434, FL: higher priced homes
- 80517, CO: higher priced homes
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