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These days, finding an affordable place to live in the 38050 area can be challenging. Home prices in 38050 are now at a median cost of $97,100, lower than the Tennessee average of $315,131.
The average cost of rent is $797/mo in 38050, primarily driven by the current value of real estate in the 38050 area. In 38050, 17.01% of households rent, and 71.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38050 is $5,168 per month. Households that rent pay about 15.42% of their income on rent here. 38050’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
- 38021, TN: higher priced homes
- 38001, TN: higher priced homes
- 38034, TN: higher priced homes
- 38070, TN: higher priced homes
- 38037, TN: higher priced homes
- 38006, TN: higher priced homes
- 38040, TN: higher priced homes
- 38337, TN: higher priced homes
- 38063, TN: higher priced homes
- 38343, TN: higher priced homes
Zip Codes with Similar Populations
- 57652, SD: higher priced homes
- 87752, NM: higher priced homes
- 87044, NM: higher priced homes
- 56550, MN: higher priced homes
- 84750, UT: higher priced homes
- 82190, WY: higher priced homes
- 57321, SD: higher priced homes
- 82050, WY: higher priced homes
- 00604, PR: higher priced homes
- 81057, CO: higher priced homes
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