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These days, finding an affordable place to live in the 38106 area can be challenging. Home prices in 38106 are now at a median cost of $76,692, lower than the Tennessee average of $315,131.
The average cost of rent is $953/mo in 38106, primarily driven by the current value of real estate in the 38106 area. In 38106, 59.53% of households rent, and 78.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38106 is $2,633 per month. Households that rent pay about 36.19% of their income on rent here. 38106’s most expensive areas are in the northwestern 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
- 38126, TN: equally priced homes
- 38104, TN: higher priced homes
- 38114, TN: higher priced homes
- 38132, TN: higher priced homes
- 38131, TN: higher priced homes
- 38105, TN: higher priced homes
- 38103, TN: higher priced homes
- 38107, TN: higher priced homes
- 38112, TN: higher priced homes
- 38109, TN: higher priced homes
Zip Codes with Similar Populations
- 29170, SC: higher priced homes
- 75142, TX: higher priced homes
- 70785, LA: higher priced homes
- 90048, CA: higher priced homes
- 02445, MA: higher priced homes
- 32713, FL: higher priced homes
- 32119, FL: higher priced homes
- 31548, GA: higher priced homes
- 31503, GA: higher priced homes
- 31326, GA: higher priced homes
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