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These days, finding an affordable place to live in the 38240 area can be challenging. Home prices in 38240 are now at a median cost of $86,963, lower than the Tennessee average of $218,916.
The average cost of rent is $739/mo in 38240, primarily driven by the current value of real estate in the 38240 area. While nearly 50.88% of residents own their homes outright in 38240, 35.82% rent.
Housing affordability isn’t just about home prices, though. The average household income in 38240 is $4,284 per month. Households that rent pay about 17.25% of their income on rent here. 38240's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 38259, TN: higher priced homes
- 38232, TN: equally priced homes
- 38260, TN: higher priced homes
- 38254, TN: less expensive homes
- 38059, TN: higher priced homes
- 38007, TN: higher priced homes
- 38080, TN: equally priced homes
- 38253, TN: higher priced homes
- 38077, TN: higher priced homes
- 38233, TN: equally priced homes
Zip Codes with Similar Populations
- 04469, ME: higher priced homes
- 18614, PA: higher priced homes
- 14781, NY: higher priced homes
- 14806, NY: equally priced homes
- 59868, MT: higher priced homes
- 71371, LA: higher priced homes
- 57732, SD: higher priced homes
- 56264, MN: higher priced homes
- 54205, WI: higher priced homes
- 49287, MI: higher priced homes
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