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These days, finding an affordable place to live in the 38116 area can be challenging. Home prices in 38116 are now at a median cost of $99,002, lower than the Tennessee average of $218,916.
The average cost of rent is $950/mo in 38116, primarily driven by the current value of real estate in the 38116 area. While nearly 46.97% of residents own their homes outright in 38116, 51.94% rent.
Housing affordability isn’t just about home prices, though. The average household income in 38116 is $3,468 per month. Households that rent pay about 27.39% of their income on rent here. 38116's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 38131, TN: equally priced homes
- 38132, TN: equally priced homes
- 38109, TN: less expensive homes
- 38671, MS: higher priced homes
- 38114, TN: less expensive homes
- 38106, TN: less expensive homes
- 38118, TN: less expensive homes
- 38637, MS: higher priced homes
- 38111, TN: higher priced homes
- 38126, TN: less expensive homes
Zip Codes with Similar Populations
- 48060, MI: higher priced homes
- 95826, CA: higher priced homes
- 44118, OH: higher priced homes
- 44134, OH: higher priced homes
- 95695, CA: higher priced homes
- 95691, CA: higher priced homes
- 45385, OH: higher priced homes
- 95688, CA: higher priced homes
- 46123, IN: higher priced homes
- 95382, CA: higher priced homes
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