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These days, finding an affordable place to live in the 38016 area can be challenging. Home prices in 38016 are now at a median cost of $209,694, lower than the Tennessee average of $218,916.
The average cost of rent is $1,271/mo in 38016, primarily driven by the current value of real estate in the 38016 area. While nearly 22.36% of residents own their homes outright in 38016, 45.41% rent.
Housing affordability isn’t just about home prices, though. The average household income in 38016 is $5,576 per month. Households that rent pay about 22.79% of their income on rent here. 38016's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 38018, TN: equally priced homes
- 38133, TN: equally priced homes
- 38134, TN: less expensive homes
- 38139, TN: higher priced homes
- 38135, TN: equally priced homes
- 38002, TN: higher priced homes
- 38138, TN: higher priced homes
- 38120, TN: higher priced homes
- 38028, TN: higher priced homes
- 38119, TN: less expensive homes
Zip Codes with Similar Populations
- 06606, CT: equally priced homes
- 07052, NJ: higher priced homes
- 07060, NJ: higher priced homes
- 98225, WA: higher priced homes
- 98105, WA: higher priced homes
- 10028, NY: higher priced homes
- 11237, NY: higher priced homes
- 15301, PA: less expensive homes
- 89119, NV: equally priced homes
- 74133, OK: equally priced homes
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