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These days, finding an affordable place to live in the 38115 area can be challenging. Home prices in 38115 are now at a median cost of $85,771, lower than the Tennessee average of $218,916.
The average cost of rent is $957/mo in 38115, primarily driven by the current value of real estate in the 38115 area. While nearly 31.86% of residents own their homes outright in 38115, 74.73% rent.
Housing affordability isn’t just about home prices, though. The average household income in 38115 is $2,965 per month. Households that rent pay about 32.28% of their income on rent here. 38115's most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 38119, TN: higher priced homes
- 38141, TN: higher priced homes
- 38118, TN: equally priced homes
- 38125, TN: higher priced homes
- 38138, TN: higher priced homes
- 38120, TN: higher priced homes
- 38117, TN: higher priced homes
- 38111, TN: higher priced homes
- 38139, TN: higher priced homes
- 38152, TN: higher priced homes
Zip Codes with Similar Populations
- 23832, VA: higher priced homes
- 37363, TN: higher priced homes
- 28212, NC: higher priced homes
- 28054, NC: higher priced homes
- 27909, NC: higher priced homes
- 38111, TN: higher priced homes
- 85021, AZ: higher priced homes
- 38127, TN: less expensive homes
- 26003, WV: higher priced homes
- 34120, FL: higher priced homes
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