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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 $165,965, lower than the Tennessee average of $218,916.
The average cost of rent is $942/mo in 38023, primarily driven by the current value of real estate in the 38023 area. While nearly 38.91% of residents own their homes outright in 38023, 28.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in 38023 is $4,800 per month. Households that rent pay about 19.63% of their income on rent here. 38023's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 38058, TN: higher 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: equally priced homes
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