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Affordable
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These days, finding an affordable place to live in the 38254 area can be challenging. Home prices in 38254 are now at a median cost of $106,700, lower than the Tennessee average of $315,131.
The average cost of rent is $785/mo in 38254, primarily driven by the current value of real estate in the 38254 area. In 38254, 21.92% of households rent, and 68.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38254 is $4,933 per month. Households that rent pay about 15.91% of their income on rent here. 38254’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
- 38232, TN: equally priced homes
- 38079, TN: higher priced homes
- 38077, TN: higher priced homes
- 38260, TN: higher priced homes
- 38240, TN: equally priced homes
- 38080, TN: less expensive homes
- 38261, TN: higher priced homes
- 38253, TN: higher priced homes
- 63873, MO: higher priced homes
- 63851, MO: less expensive homes
Zip Codes with Similar Populations
- 79247, TX: higher priced homes
- 57358, SD: higher priced homes
- 57439, SD: higher priced homes
- 58224, ND: higher priced homes
- 58339, ND: less expensive homes
- 58452, ND: higher priced homes
- 59062, MT: higher priced homes
- 59082, MT: higher priced homes
- 76841, TX: higher priced homes
- 76953, TX: higher priced homes
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