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These days, finding an affordable place to live in the 38058 area can be challenging. Home prices in 38058 are now at a median cost of $245,621, lower than the Tennessee average of $315,131.
The average cost of rent is $1,217/mo in 38058, primarily driven by the current value of real estate in the 38058 area. In 38058, 15.80% of households rent, and 31.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38058 is $7,771 per month. Households that rent pay about 15.66% of their income on rent here. 38058’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern 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
- 38004, TN: higher priced homes
- 38023, TN: equally priced homes
- 38011, TN: equally priced homes
- 38015, TN: less expensive homes
- 38054, TN: equally priced homes
- 38053, TN: less expensive homes
- 38019, TN: equally priced homes
- 38036, TN: less expensive homes
- 72395, AR: less expensive homes
- 38049, TN: less expensive homes
Zip Codes with Similar Populations
- 45833, OH: less expensive homes
- 78061, TX: less expensive homes
- 76667, TX: less expensive homes
- 72616, AR: less expensive homes
- 71119, LA: less expensive homes
- 71047, LA: less expensive homes
- 67147, KS: equally priced homes
- 55011, MN: higher priced homes
- 49457, MI: less expensive homes
- 46341, IN: higher priced homes
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