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These days, finding an affordable place to live in the 38109 area can be challenging. Home prices in 38109 are now at a median cost of $71,238, lower than the Tennessee average of $218,916.
The average cost of rent is $925/mo in 38109, primarily driven by the current value of real estate in the 38109 area. While nearly 56.10% of residents own their homes outright in 38109, 43.69% rent.
Housing affordability isn’t just about home prices, though. The average household income in 38109 is $3,264 per month. Households that rent pay about 28.34% of their income on rent here. 38109's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 38116, TN: higher priced homes
- 38131, TN: higher priced homes
- 38106, TN: less expensive homes
- 38132, TN: higher priced homes
- 38680, MS: higher priced homes
- 38637, MS: higher priced homes
- 38126, TN: less expensive homes
- 38671, MS: higher priced homes
- 38114, TN: equally priced homes
- 38104, TN: higher priced homes
Zip Codes with Similar Populations
- 19131, PA: higher priced homes
- 10801, NY: higher priced homes
- 11003, NY: higher priced homes
- 95831, CA: higher priced homes
- 14215, NY: higher priced homes
- 94901, CA: higher priced homes
- 17701, PA: higher priced homes
- 26554, WV: higher priced homes
- 93292, CA: higher priced homes
- 99504, AK: higher priced homes
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