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Affordable
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These days, finding an affordable place to live in the 38229 area can be challenging. Home prices in 38229 are now at a median cost of $132,282, lower than the Tennessee average of $315,131.
The average cost of rent is $699/mo in 38229, primarily driven by the current value of real estate in the 38229 area. In 38229, 19.45% of households rent, and 50.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38229 is $4,509 per month. Households that rent pay about 15.51% of their income on rent here. 38229’s most expensive areas are in the southern 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
- 38225, TN: equally priced homes
- 38201, TN: higher priced homes
- 38230, TN: equally priced homes
- 38231, TN: less expensive homes
- 38255, TN: less expensive homes
- 38224, TN: equally priced homes
- 38237, TN: higher priced homes
- 38238, TN: higher priced homes
- 38242, TN: higher priced homes
- 38236, TN: less expensive homes
Zip Codes with Similar Populations
- 27355, NC: higher priced homes
- 58329, ND: less expensive homes
- 62097, IL: higher priced homes
- 63822, MO: equally priced homes
- 47579, IN: higher priced homes
- 87305, NM: less expensive homes
- 87511, NM: higher priced homes
- 17034, PA: equally priced homes
- 14755, NY: less expensive homes
- 15436, PA: higher priced homes
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