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These days, finding an affordable place to live in the 38238 area can be challenging. Home prices in 38238 are now at a median cost of $151,200, lower than the Tennessee average of $315,131.
The average cost of rent is $1,161/mo in 38238, primarily driven by the current value of real estate in the 38238 area. In 38238, 100.00% of households rent, and 49.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38238 is $1,406 per month. Households that rent pay about 82.56% of their income on rent here. 38238’s most expensive areas are in the central regions, while the cheapest areas are in the central 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
- 38237, TN: higher priced homes
- 38255, TN: less expensive homes
- 38225, TN: equally priced homes
- 38253, TN: higher priced homes
- 38257, TN: less expensive homes
- 38261, TN: equally priced 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
- 81430, CO: higher priced homes
- 29899, SC: less expensive homes
- 30426, GA: less expensive homes
- 36921, AL: less expensive homes
- 37369, TN: equally priced homes
- 38076, TN: higher priced homes
- 38486, TN: higher priced homes
- 38554, TN: higher priced homes
- 39861, GA: less expensive homes
- 42265, KY: higher priced homes
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