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These days, finding an affordable place to live in the 38221 area can be challenging. Home prices in 38221 are now at a median cost of $148,462, lower than the Tennessee average of $315,131.
The average cost of rent is $689/mo in 38221, primarily driven by the current value of real estate in the 38221 area. In 38221, 35.06% of households rent, and 64.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38221 is $4,386 per month. Households that rent pay about 15.71% of their income on rent here. 38221’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
- 38256, TN: higher priced homes
- 38236, TN: less expensive homes
- 37175, TN: less expensive homes
- 38242, TN: higher priced homes
- 37178, TN: higher priced homes
- 38231, TN: less expensive homes
- 37061, TN: higher priced homes
- 37101, TN: higher priced homes
- 38224, TN: equally priced homes
- 37050, TN: higher priced homes
Zip Codes with Similar Populations
- 04461, ME: higher priced homes
- 98648, WA: higher priced homes
- 96145, CA: higher priced homes
- 79013, TX: less expensive homes
- 77861, TX: higher priced homes
- 73438, OK: less expensive homes
- 60541, IL: higher priced homes
- 39330, MS: equally priced homes
- 37052, TN: higher priced homes
- 18458, PA: higher priced homes
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