Affordable
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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 $144,518, lower than the Tennessee average of $218,916.
The average cost of rent is $608/mo in 38224, primarily driven by the current value of real estate in the 38224 area. While nearly 56.71% of residents own their homes outright in 38224, 25.61% rent.
Housing affordability isn’t just about home prices, though. The average household income in 38224 is $4,359 per month. Households that rent pay about 13.96% of their income on rent here. 38224's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 38241, TN: less expensive homes
- 38251, TN: less expensive homes
- 38242, TN: less expensive homes
- 38231, TN: less expensive homes
- 38225, TN: less expensive homes
- 38229, TN: less expensive homes
- 38226, TN: less expensive homes
- 38222, TN: less expensive homes
- 38256, TN: less expensive homes
- 38237, TN: equally priced homes
Zip Codes with Similar Populations
- 79789, TX: less expensive homes
- 28447, NC: less expensive homes
- 28448, NC: less expensive 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: equally priced homes
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