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These days, finding an affordable place to live in the 38127 area can be challenging. Home prices in 38127 are now at a median cost of $92,972, lower than the Tennessee average of $315,131.
The average cost of rent is $1,173/mo in 38127, primarily driven by the current value of real estate in the 38127 area. In 38127, 58.14% of households rent, and 46.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38127 is $3,283 per month. Households that rent pay about 35.73% of their income on rent here. 38127’s most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 38107, TN: higher priced homes
- 38128, TN: higher priced homes
- 38108, TN: less expensive homes
- 38112, TN: higher priced homes
- 38105, TN: higher priced homes
- 38103, TN: higher priced homes
- 38104, TN: higher priced homes
- 38122, TN: higher priced homes
- 38126, TN: less expensive homes
- 38152, TN: higher priced homes
Zip Codes with Similar Populations
- 11358, NY: higher priced homes
- 94118, CA: higher priced homes
- 93706, CA: higher priced homes
- 27909, NC: higher priced homes
- 78028, TX: higher priced homes
- 44720, OH: higher priced homes
- 38125, TN: higher priced homes
- 60462, IL: higher priced homes
- 44870, OH: higher priced homes
- 60659, IL: higher priced homes
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