Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the 38117 area can be challenging. Home prices in 38117 are now at a median cost of $274,760, higher than the Tennessee average of $218,916.
The average cost of rent is $1,226/mo in 38117, primarily driven by the current value of real estate in the 38117 area. While nearly 37.45% of residents own their homes outright in 38117, 22.39% rent.
Housing affordability isn’t just about home prices, though. The average household income in 38117 is $8,114 per month. Households that rent pay about 15.11% of their income on rent here. 38117's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 38152, TN: higher priced homes
- 38111, TN: less expensive homes
- 38120, TN: higher priced homes
- 38122, TN: less expensive homes
- 38119, TN: less expensive homes
- 38118, TN: less expensive homes
- 38114, TN: less expensive homes
- 38115, TN: less expensive homes
- 38112, TN: less expensive homes
- 38108, TN: less expensive homes
Zip Codes with Similar Populations
- 06074, CT: equally priced homes
- 75702, TX: less expensive homes
- 53072, WI: higher priced homes
- 78411, TX: less expensive homes
- 38637, MS: less expensive homes
- 38053, TN: less expensive homes
- 35611, AL: less expensive homes
- 32117, FL: less expensive homes
- 29303, SC: less expensive homes
- 27597, NC: less expensive homes
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