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These days, finding an affordable place to live in the 38232 area can be challenging. Home prices in 38232 are now at a median cost of $112,018, lower than the Tennessee average of $315,131.
The average cost of rent is $841/mo in 38232, primarily driven by the current value of real estate in the 38232 area. In 38232, 19.55% of households rent, and 68.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38232 is $4,731 per month. Households that rent pay about 17.78% of their income on rent here. 38232’s most expensive areas are in the northeastern 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
- 38254, TN: equally priced homes
- 38240, TN: less expensive homes
- 38260, TN: higher priced homes
- 38079, TN: equally priced homes
- 38077, TN: higher priced homes
- 38080, TN: less expensive homes
- 38261, TN: higher priced homes
- 38253, TN: higher priced homes
- 63873, MO: higher priced homes
- 63851, MO: less expensive homes
Zip Codes with Similar Populations
- 95374, CA: higher priced homes
- 13083, NY: higher priced homes
- 79355, TX: higher priced homes
- 64835, MO: less expensive homes
- 01068, MA: higher priced homes
- 82732, WY: higher priced homes
- 54726, WI: higher priced homes
- 54741, WI: higher priced homes
- 79086, TX: higher priced homes
- 59421, MT: higher priced homes
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