Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the 38120 area can be challenging. Home prices in 38120 are now at a median cost of $405,771, higher than the Tennessee average of $218,916.
The average cost of rent is $1,385/mo in 38120, primarily driven by the current value of real estate in the 38120 area. While nearly 40.72% of residents own their homes outright in 38120, 20.95% rent.
Housing affordability isn’t just about home prices, though. The average household income in 38120 is $12,694 per month. Households that rent pay about 10.91% of their income on rent here. 38120's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 38117, TN: less expensive homes
- 38119, TN: less expensive homes
- 38152, TN: less expensive homes
- 38122, TN: less expensive homes
- 38138, TN: less expensive homes
- 38134, TN: less expensive homes
- 38111, TN: less expensive homes
- 38115, TN: less expensive homes
- 38018, TN: less expensive homes
- 38118, TN: less expensive homes
Zip Codes with Similar Populations
- 02356, MA: higher priced homes
- 50211, IA: less expensive homes
- 48623, MI: less expensive homes
- 48026, MI: less expensive homes
- 45067, OH: less expensive homes
- 43023, OH: less expensive homes
- 53901, WI: less expensive homes
- 76022, TX: less expensive homes
- 94552, CA: higher priced homes
- 97408, OR: equally priced homes
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