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Affordable
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These days, finding an affordable place to live in the 38111 area can be challenging. Home prices in 38111 are now at a median cost of $208,324, lower than the Tennessee average of $315,131.
The average cost of rent is $1,199/mo in 38111, primarily driven by the current value of real estate in the 38111 area. In 38111, 54.67% of households rent, and 43.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38111 is $5,534 per month. Households that rent pay about 21.67% of their income on rent here. 38111’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern 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
- 38152, TN: higher priced homes
- 38117, TN: higher priced homes
- 38114, TN: less expensive homes
- 38112, TN: higher priced homes
- 38122, TN: less expensive homes
- 38104, TN: higher priced homes
- 38132, TN: less expensive homes
- 38118, TN: less expensive homes
- 38131, TN: less expensive homes
- 38108, TN: less expensive homes
Zip Codes with Similar Populations
- 73170, OK: higher priced homes
- 60025, IL: higher priced homes
- 60659, IL: higher priced homes
- 61820, IL: equally priced homes
- 63122, MO: higher priced homes
- 70056, LA: higher priced homes
- 70058, LA: equally priced homes
- 70508, LA: higher priced homes
- 70605, LA: higher priced homes
- 72756, AR: higher priced homes
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