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These days, finding an affordable place to live in the 38224 area can be challenging. Home prices in 38224 are now at a median cost of $142,972, lower than the Tennessee average of $315,131.
The average cost of rent is $671/mo in 38224, primarily driven by the current value of real estate in the 38224 area. In 38224, 25.75% of households rent, and 62.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38224 is $3,443 per month. Households that rent pay about 19.49% of their income on rent here. 38224’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern 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
- 38241, TN: less expensive homes
- 38251, TN: equally priced homes
- 38242, TN: higher priced homes
- 38231, TN: less expensive homes
- 38225, TN: equally priced homes
- 38229, TN: equally priced homes
- 38226, TN: less expensive homes
- 38222, TN: higher priced homes
- 38256, TN: higher priced homes
- 38237, TN: higher priced homes
Zip Codes with Similar Populations
- 79789, TX: less expensive homes
- 28447, NC: higher priced homes
- 28448, NC: equally priced homes
- 29166, SC: less expensive homes
- 36761, AL: less expensive homes
- 40157, KY: higher priced homes
- 47120, IN: higher priced homes
- 50071, IA: less expensive homes
- 50168, IA: higher priced homes
- 50598, IA: higher priced homes
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