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Affordable
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These days, finding an affordable place to live in the 38201 area can be challenging. Home prices in 38201 are now at a median cost of $158,269, lower than the Tennessee average of $315,131.
The average cost of rent is $685/mo in 38201, primarily driven by the current value of real estate in the 38201 area. In 38201, 29.05% of households rent, and 50.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38201 is $4,480 per month. Households that rent pay about 15.30% of their income on rent here. 38201’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central 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
- 38229, TN: less expensive homes
- 38231, TN: less expensive homes
- 38258, TN: less expensive homes
- 38342, TN: less expensive homes
- 38236, TN: less expensive homes
- 38230, TN: less expensive homes
- 38317, TN: less expensive homes
- 38316, TN: less expensive homes
- 38255, TN: less expensive homes
- 38320, TN: equally priced homes
Zip Codes with Similar Populations
- 81620, CO: higher priced homes
- 15022, PA: less expensive homes
- 15084, PA: equally priced homes
- 15656, PA: higher priced homes
- 16407, PA: less expensive homes
- 16441, PA: higher priced homes
- 36105, AL: less expensive homes
- 44657, OH: equally priced homes
- 76655, TX: higher priced homes
- 79901, TX: less expensive homes
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