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These days, finding an affordable place to live in the 38131 area can be challenging. Home prices in 38131 are now at a median cost of $98,300, lower than the Tennessee average of $218,916.
The average cost of rent is $946/mo in 38131, primarily driven by the current value of real estate in the 38131 area. While nearly 33.06% of residents own their homes outright in 38131, 28.35% rent.
Housing affordability isn’t just about home prices, though. The average household income in 38131 is $3,146 per month. Households that rent pay about 30.07% of their income on rent here. 38131's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 38132, TN: equally priced homes
- 38114, TN: less expensive homes
- 38116, TN: equally priced homes
- 38106, TN: less expensive homes
- 38111, TN: higher priced homes
- 38118, TN: less expensive homes
- 38104, TN: higher priced homes
- 38109, TN: less expensive homes
- 38126, TN: less expensive homes
- 38152, TN: higher priced homes
Zip Codes with Similar Populations
- 24829, WV: less expensive homes
- 85329, AZ: higher priced homes
- 83826, ID: higher priced homes
- 83354, ID: higher priced homes
- 39832, GA: less expensive homes
- 30289, GA: higher priced homes
- 27877, NC: higher priced homes
- 26886, WV: less expensive homes
- 26546, WV: higher priced homes
- 25305, WV: higher priced homes
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