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These days, finding an affordable place to live in the 38108 area can be challenging. Home prices in 38108 are now at a median cost of $56,432, lower than the Tennessee average of $218,916.
The average cost of rent is $815/mo in 38108, primarily driven by the current value of real estate in the 38108 area. While nearly 61.31% of residents own their homes outright in 38108, 53.52% rent.
Housing affordability isn’t just about home prices, though. The average household income in 38108 is $2,354 per month. Households that rent pay about 34.62% of their income on rent here. 38108's most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 38122, TN: higher priced homes
- 38112, TN: higher priced homes
- 38107, TN: higher priced homes
- 38152, TN: higher priced homes
- 38128, TN: higher priced homes
- 38104, TN: higher priced homes
- 38127, TN: higher priced homes
- 38111, TN: higher priced homes
- 38105, TN: higher priced homes
- 38117, TN: higher priced homes
Zip Codes with Similar Populations
- 17745, PA: higher priced homes
- 16365, PA: higher priced homes
- 61104, IL: higher priced homes
- 74354, OK: higher priced homes
- 73114, OK: higher priced homes
- 70526, LA: higher priced homes
- 70447, LA: higher priced homes
- 67042, KS: higher priced homes
- 64127, MO: higher priced homes
- 76247, TX: higher priced homes
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