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These days, finding an affordable place to live in the 38237 area can be challenging. Home prices in 38237 are now at a median cost of $148,604, lower than the Tennessee average of $218,916.
The average cost of rent is $763/mo in 38237, primarily driven by the current value of real estate in the 38237 area. While nearly 50.50% of residents own their homes outright in 38237, 40.31% rent.
Housing affordability isn’t just about home prices, though. The average household income in 38237 is $3,661 per month. Households that rent pay about 20.85% of their income on rent here. 38237's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 38238, TN: less expensive homes
- 38255, TN: less expensive homes
- 38225, TN: less expensive homes
- 38257, TN: less expensive homes
- 38253, TN: less expensive homes
- 38261, TN: less expensive homes
- 38226, TN: less expensive homes
- 38241, TN: less expensive homes
- 38229, TN: less expensive homes
- 38260, TN: less expensive homes
Zip Codes with Similar Populations
- 64701, MO: higher priced homes
- 33616, FL: higher priced homes
- 34235, FL: higher priced homes
- 34475, FL: less expensive homes
- 36567, AL: higher priced homes
- 37073, TN: higher priced homes
- 38103, TN: higher priced homes
- 44103, OH: less expensive homes
- 49242, MI: equally priced homes
- 50311, IA: higher priced homes
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