
Expensive
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These days, finding an affordable place to live in the 38242 area can be challenging. Home prices in 38242 are now at a median cost of $127,632, lower than the Tennessee average of $218,916.
The average cost of rent is $674/mo in 38242, primarily driven by the current value of real estate in the 38242 area. While nearly 55.67% of residents own their homes outright in 38242, 27.14% rent.
Housing affordability isn’t just about home prices, though. The average household income in 38242 is $3,854 per month. Households that rent pay about 17.48% of their income on rent here. 38242's most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 38231, TN: less expensive homes
- 38251, TN: less expensive homes
- 38256, TN: less expensive homes
- 38224, TN: higher priced homes
- 38222, TN: equally priced homes
- 38221, TN: less expensive homes
- 38241, TN: less expensive homes
- 38229, TN: less expensive homes
- 38225, TN: less expensive homes
- 37175, TN: less expensive homes
Zip Codes with Similar Populations
- 33545, FL: higher priced homes
- 57078, SD: higher priced homes
- 59802, MT: higher priced homes
- 64029, MO: higher priced homes
- 72002, AR: higher priced homes
- 73109, OK: less expensive homes
- 76177, TX: higher priced homes
- 45224, OH: equally priced homes
- 77002, TX: higher priced homes
- 43623, OH: higher priced homes
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