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These days, finding an affordable place to live in the 38041 area can be challenging. Home prices in 38041 are now at a median cost of $124,507, lower than the Tennessee average of $218,916.
The average cost of rent is $728/mo in 38041, primarily driven by the current value of real estate in the 38041 area. While nearly 90.40% of residents own their homes outright in 38041, 44.65% rent.
Housing affordability isn’t just about home prices, though. The average household income in 38041 is $5,314 per month. Households that rent pay about 13.70% of their income on rent here. 38041's most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 38019, TN: higher priced homes
- 38063, TN: less expensive homes
- 38015, TN: higher priced homes
- 72358, AR: less expensive homes
- 72370, AR: less expensive homes
- 72329, AR: less expensive homes
- 72395, AR: equally priced homes
- 72351, AR: less expensive homes
- 38012, TN: equally priced homes
- 72350, AR: less expensive homes
Zip Codes with Similar Populations
- 69201, NE: higher priced homes
- 07927, NJ: higher priced homes
- 10928, NY: higher priced homes
- 11796, NY: higher priced homes
- 96013, CA: higher priced homes
- 81252, CO: higher priced homes
- 15144, PA: equally priced homes
- 15636, PA: higher priced homes
- 16693, PA: higher priced homes
- 76066, TX: higher priced homes
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