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Affordable
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These days, finding an affordable place to live in the 38231 area can be challenging. Home prices in 38231 are now at a median cost of $104,439, lower than the Tennessee average of $315,131.
The average cost of rent is $679/mo in 38231, primarily driven by the current value of real estate in the 38231 area. In 38231, 26.44% of households rent, and 62.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38231 is $3,594 per month. Households that rent pay about 18.90% of their income on rent here. 38231’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern 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
- 38201, TN: higher priced homes
- 38236, TN: equally priced homes
- 38242, TN: higher priced homes
- 38229, TN: higher priced homes
- 38224, TN: higher priced homes
- 38225, TN: higher priced homes
- 38256, TN: higher priced homes
- 38221, TN: higher priced homes
- 38230, TN: higher priced homes
- 38255, TN: higher priced homes
Zip Codes with Similar Populations
- 03467, NH: higher priced homes
- 27343, NC: higher priced homes
- 06058, CT: higher priced homes
- 12137, NY: higher priced homes
- 96781, HI: higher priced homes
- 18832, PA: higher priced homes
- 59412, MT: higher priced homes
- 68718, NE: higher priced homes
- 65722, MO: higher priced homes
- 65668, MO: higher priced homes
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