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These days, finding an affordable place to live in the 38107 area can be challenging. Home prices in 38107 are now at a median cost of $94,007, lower than the Tennessee average of $218,916.
The average cost of rent is $928/mo in 38107, primarily driven by the current value of real estate in the 38107 area. While nearly 53.93% of residents own their homes outright in 38107, 60.91% rent.
Housing affordability isn’t just about home prices, though. The average household income in 38107 is $3,231 per month. Households that rent pay about 28.71% of their income on rent here. 38107's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 38105, TN: equally priced homes
- 38104, TN: higher priced homes
- 38103, TN: higher priced homes
- 38112, TN: higher priced homes
- 38126, TN: less expensive homes
- 38108, TN: less expensive homes
- 38127, TN: less expensive homes
- 38106, TN: less expensive homes
- 38114, TN: less expensive homes
- 38122, TN: higher priced homes
Zip Codes with Similar Populations
- 12019, NY: higher priced homes
- 80030, CO: higher priced homes
- 17801, PA: higher priced homes
- 07005, NJ: higher priced homes
- 06385, CT: higher priced homes
- 05478, VT: higher priced homes
- 03106, NH: higher priced homes
- 99218, WA: higher priced homes
- 02188, MA: higher priced homes
- 45640, OH: higher priced homes
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