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These days, finding an affordable place to live in the 38063 area can be challenging. Home prices in 38063 are now at a median cost of $103,911, lower than the Tennessee average of $218,916.
The average cost of rent is $670/mo in 38063, primarily driven by the current value of real estate in the 38063 area. While nearly 48.35% of residents own their homes outright in 38063, 42.81% rent.
Housing affordability isn’t just about home prices, though. The average household income in 38063 is $3,785 per month. Households that rent pay about 17.71% of their income on rent here. 38063's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 38037, TN: equally priced homes
- 38041, TN: higher priced homes
- 38040, TN: less expensive homes
- 38050, TN: less expensive homes
- 72358, AR: less expensive homes
- 38021, TN: higher priced homes
- 38001, TN: equally priced homes
- 72321, AR: equally priced homes
- 38006, TN: higher priced homes
- 72370, AR: equally priced homes
Zip Codes with Similar Populations
- 02719, MA: higher priced homes
- 95448, CA: higher priced homes
- 92866, CA: higher priced homes
- 89815, NV: higher priced homes
- 85387, AZ: higher priced homes
- 81507, CO: higher priced homes
- 80513, CO: higher priced homes
- 80236, CO: higher priced homes
- 79336, TX: equally priced homes
- 76207, TX: higher priced homes
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