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These days, finding an affordable place to live in the 38122 area can be challenging. Home prices in 38122 are now at a median cost of $123,690, lower than the Tennessee average of $218,916.
The average cost of rent is $1,013/mo in 38122, primarily driven by the current value of real estate in the 38122 area. While nearly 41.90% of residents own their homes outright in 38122, 47.81% rent.
Housing affordability isn’t just about home prices, though. The average household income in 38122 is $3,673 per month. Households that rent pay about 27.59% of their income on rent here. 38122's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 38108, TN: less expensive homes
- 38152, TN: higher priced homes
- 38112, TN: higher priced homes
- 38117, TN: higher priced homes
- 38111, TN: higher priced homes
- 38134, TN: equally priced homes
- 38120, TN: higher priced homes
- 38128, TN: less expensive homes
- 38104, TN: higher priced homes
- 38107, TN: less expensive homes
Zip Codes with Similar Populations
- 81004, CO: higher priced homes
- 34771, FL: higher priced homes
- 35749, AL: higher priced homes
- 40258, KY: higher priced homes
- 44106, OH: higher priced homes
- 45429, OH: higher priced homes
- 46750, IN: equally priced homes
- 53403, WI: higher priced homes
- 79601, TX: higher priced homes
- 48150, MI: higher priced homes
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