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These days, finding an affordable place to live in the 38251 area can be challenging. Home prices in 38251 are now at a median cost of $133,316, lower than the Tennessee average of $315,131.
The average cost of rent is $821/mo in 38251, primarily driven by the current value of real estate in the 38251 area. In 38251, 11.23% of households rent, and 59.23% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38251 is $4,684 per month. Households that rent pay about 17.53% of their income on rent here. 38251’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern 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
- 42049, KY: higher priced homes
- 38224, TN: equally priced homes
- 38242, TN: higher priced homes
- 38222, TN: higher priced homes
- 38241, TN: less expensive homes
- 38256, TN: higher priced homes
- 42076, KY: higher priced homes
- 42079, KY: higher priced homes
- 38226, TN: equally priced homes
- 38225, TN: equally priced homes
Zip Codes with Similar Populations
- 19930, DE: higher priced homes
- 56278, MN: higher priced homes
- 02110, MA: higher priced homes
- 26719, WV: higher priced homes
- 26408, WV: higher priced homes
- 21631, MD: higher priced homes
- 77702, TX: equally priced homes
- 20763, MD: higher priced homes
- 17267, PA: higher priced homes
- 14525, NY: higher priced homes
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