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These days, finding an affordable place to live in the 38042 area can be challenging. Home prices in 38042 are now at a median cost of $146,705, lower than the Tennessee average of $218,916.
The average cost of rent is $769/mo in 38042, primarily driven by the current value of real estate in the 38042 area. While nearly 63.56% of residents own their homes outright in 38042, 24.52% rent.
Housing affordability isn’t just about home prices, though. The average household income in 38042 is $5,087 per month. Households that rent pay about 15.12% of their income on rent here. 38042's most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 38067, TN: less expensive homes
- 38039, TN: less expensive homes
- 38046, TN: higher priced homes
- 38008, TN: less expensive homes
- 38052, TN: less expensive homes
- 38068, TN: higher priced homes
- 38057, TN: higher priced homes
- 38076, TN: higher priced homes
- 38044, TN: less expensive homes
- 38061, TN: less expensive homes
Zip Codes with Similar Populations
- 03279, NH: equally priced homes
- 12847, NY: higher priced homes
- 12406, NY: higher priced homes
- 13141, NY: higher priced homes
- 10535, NY: higher priced homes
- 08350, NJ: higher priced homes
- 05866, VT: equally priced homes
- 04956, ME: less expensive homes
- 04772, ME: equally priced homes
- 04734, ME: less expensive homes
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