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These days, finding an affordable place to live in the 38061 area can be challenging. Home prices in 38061 are now at a median cost of $143,636, lower than the Tennessee average of $315,131.
The average cost of rent is $910/mo in 38061, primarily driven by the current value of real estate in the 38061 area. In 38061, 18.22% of households rent, and 65.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38061 is $4,701 per month. Households that rent pay about 19.36% of their income on rent here. 38061’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern 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
- 38052, TN: equally priced homes
- 38683, MS: less expensive homes
- 38367, TN: higher priced homes
- 38375, TN: higher priced homes
- 38067, TN: less expensive homes
- 38339, TN: equally priced homes
- 38834, MS: equally priced homes
- 38042, TN: less expensive homes
- 38357, TN: higher priced homes
- 38379, TN: higher priced homes
Zip Codes with Similar Populations
- 40140, KY: higher priced homes
- 23436, VA: higher priced homes
- 23856, VA: equally priced homes
- 24352, VA: equally priced homes
- 25521, WV: less expensive homes
- 25529, WV: less expensive homes
- 25573, WV: higher priced homes
- 96109, CA: higher priced homes
- 29922, SC: less expensive homes
- 84028, UT: higher priced homes
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