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These days, finding an affordable place to live in the 38047 area can be challenging. Home prices in 38047 are now at a median cost of $172,400, lower than the Tennessee average of $315,131.
The average cost of rent is $786/mo in 38047, primarily driven by the current value of real estate in the 38047 area. In 38047, 33.02% of households rent, and 52.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38047 is $6,501 per month. Households that rent pay about 12.09% of their income on rent here. 38047’s most expensive areas are in the central regions, while the cheapest areas are in the central 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
- 38030, TN: equally priced homes
- 38007, TN: equally priced homes
- 38024, TN: equally priced homes
- 63830, MO: less expensive homes
- 38059, TN: less expensive homes
- 63839, MO: less expensive homes
- 38070, TN: less expensive homes
- 63877, MO: less expensive homes
- 38034, TN: less expensive homes
- 38259, TN: less expensive homes
Zip Codes with Similar Populations
- 99561, AK: less expensive homes
- 14881, NY: higher priced homes
- 16864, PA: equally priced homes
- 17727, PA: higher priced homes
- 21867, MD: less expensive homes
- 97640, OR: higher priced homes
- 97722, OR: higher priced homes
- 97736, OR: higher priced homes
- 98824, WA: equally priced homes
- 03897, NH: higher priced homes
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