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These days, finding an affordable place to live in the 38220 area can be challenging. Home prices in 38220 are now at a median cost of $108,398, lower than the Tennessee average of $315,131.
The average cost of rent is $789/mo in 38220, primarily driven by the current value of real estate in the 38220 area. In 38220, 23.40% of households rent, and 43.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38220 is $4,177 per month. Households that rent pay about 18.88% of their income on rent here. 38220’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern 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
- 38258, TN: less expensive homes
- 38235, TN: equally priced homes
- 38358, TN: higher priced homes
- 38348, TN: higher priced homes
- 38316, TN: higher priced homes
- 38321, TN: higher priced homes
- 38355, TN: higher priced homes
- 38344, TN: higher priced homes
- 38382, TN: higher priced homes
- 38343, TN: higher priced homes
Zip Codes with Similar Populations
- 08311, NJ: higher priced homes
- 20689, MD: higher priced homes
- 57638, SD: higher priced homes
- 70051, LA: higher priced homes
- 68523, NE: higher priced homes
- 67058, KS: higher priced homes
- 66440, KS: higher priced homes
- 62895, IL: higher priced homes
- 62844, IL: less expensive homes
- 57642, SD: less expensive homes
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