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Affordable
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These days, finding an affordable place to live in the 38253 area can be challenging. Home prices in 38253 are now at a median cost of $199,913, lower than the Tennessee average of $315,131.
The average cost of rent is $742/mo in 38253, primarily driven by the current value of real estate in the 38253 area. In 38253, 24.38% of households rent, and 51.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38253 is $6,019 per month. Households that rent pay about 12.33% of their income on rent here. 38253’s most expensive areas are in the eastern regions, while the cheapest areas are in the western 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
- 38261, TN: less expensive homes
- 38260, TN: less expensive homes
- 38238, TN: less expensive homes
- 38237, TN: equally priced homes
- 38255, TN: less expensive homes
- 38240, TN: less expensive homes
- 38257, TN: less expensive homes
- 38232, TN: less expensive homes
- 38254, TN: less expensive homes
- 38225, TN: less expensive homes
Zip Codes with Similar Populations
- 99510, AK: higher priced homes
- 74957, OK: less expensive homes
- 92070, CA: higher priced homes
- 93668, CA: higher priced homes
- 94528, CA: higher priced homes
- 96023, CA: less expensive homes
- 16224, PA: less expensive homes
- 99012, WA: higher priced homes
- 15631, PA: less expensive homes
- 14805, NY: less expensive homes
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