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These days, finding an affordable place to live in the 38261 area can be challenging. Home prices in 38261 are now at a median cost of $154,869, lower than the Tennessee average of $315,131.
The average cost of rent is $771/mo in 38261, primarily driven by the current value of real estate in the 38261 area. In 38261, 38.38% of households rent, and 45.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38261 is $4,827 per month. Households that rent pay about 15.98% of their income on rent here. 38261’s most expensive areas are in the southern regions, while the cheapest areas are in the northern 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
- 38253, TN: higher priced homes
- 38260, TN: less expensive homes
- 38257, TN: less expensive homes
- 42050, KY: less expensive homes
- 42041, KY: less expensive homes
- 38238, TN: equally priced homes
- 38237, TN: higher priced homes
- 38232, TN: less expensive homes
- 38254, TN: less expensive homes
- 42085, KY: less expensive homes
Zip Codes with Similar Populations
- 00660, PR: less expensive homes
- 98368, WA: higher priced homes
- 32055, FL: higher priced homes
- 28387, NC: higher priced homes
- 20015, DC: higher priced homes
- 19425, PA: higher priced homes
- 19015, PA: higher priced homes
- 17033, PA: higher priced homes
- 16117, PA: equally priced homes
- 14305, NY: less expensive homes
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