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These days, finding an affordable place to live in the 38023 area can be challenging. Home prices in 38023 are now at a median cost of $229,836, lower than the Tennessee average of $315,131.
The average cost of rent is $1,070/mo in 38023, primarily driven by the current value of real estate in the 38023 area. In 38023, 17.08% of households rent, and 42.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38023 is $6,418 per month. Households that rent pay about 16.67% of their income on rent here. 38023’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern 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
- 38058, TN: equally priced homes
- 38004, TN: higher priced homes
- 38053, TN: equally priced homes
- 38054, TN: equally priced homes
- 38015, TN: less expensive homes
- 38011, TN: equally priced homes
- 72395, AR: less expensive homes
- 72350, AR: less expensive homes
- 38019, TN: equally priced homes
- 72338, AR: less expensive homes
Zip Codes with Similar Populations
- 45416, OH: less expensive homes
- 39474, MS: less expensive homes
- 39654, MS: less expensive homes
- 39669, MS: less expensive homes
- 41175, KY: less expensive homes
- 43025, OH: higher priced homes
- 43403, OH: equally priced homes
- 43762, OH: equally priced homes
- 44272, OH: higher priced homes
- 00925, PR: less expensive homes
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