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These days, finding an affordable place to live in the 38012 area can be challenging. Home prices in 38012 are now at a median cost of $114,584, lower than the Tennessee average of $218,916.
The average cost of rent is $703/mo in 38012, primarily driven by the current value of real estate in the 38012 area. While nearly 45.45% of residents own their homes outright in 38012, 43.55% rent.
Housing affordability isn’t just about home prices, though. The average household income in 38012 is $3,605 per month. Households that rent pay about 19.49% of their income on rent here. 38012's most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 38069, TN: equally priced homes
- 38392, TN: less expensive homes
- 38391, TN: equally priced homes
- 38049, TN: higher priced homes
- 38019, TN: higher priced homes
- 38356, TN: equally priced homes
- 38041, TN: equally priced homes
- 38305, TN: higher priced homes
- 38301, TN: less expensive homes
- 38011, TN: higher priced homes
Zip Codes with Similar Populations
- 82930, WY: higher priced homes
- 34947, FL: higher priced homes
- 35043, AL: higher priced homes
- 35057, AL: higher priced homes
- 35645, AL: higher priced homes
- 38635, MS: higher priced homes
- 39183, MS: higher priced homes
- 39272, MS: higher priced homes
- 41056, KY: higher priced homes
- 01778, MA: higher priced homes
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