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These days, finding an affordable place to live in the 38305 area can be challenging. Home prices in 38305 are now at a median cost of $195,307, lower than the Tennessee average of $218,916.
The average cost of rent is $1,176/mo in 38305, primarily driven by the current value of real estate in the 38305 area. While nearly 37.76% of residents own their homes outright in 38305, 39.87% rent.
Housing affordability isn’t just about home prices, though. The average household income in 38305 is $4,948 per month. Households that rent pay about 23.77% of their income on rent here. 38305's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 38362, TN: less expensive homes
- 38301, TN: less expensive homes
- 38337, TN: less expensive homes
- 38391, TN: less expensive homes
- 38313, TN: less expensive homes
- 38006, TN: less expensive homes
- 38345, TN: less expensive homes
- 38001, TN: less expensive homes
- 38352, TN: less expensive homes
- 38351, TN: less expensive homes
Zip Codes with Similar Populations
- 60004, IL: higher priced homes
- 80631, CO: higher priced homes
- 77070, TX: equally priced homes
- 76133, TX: less expensive homes
- 75025, TX: higher priced homes
- 75007, TX: higher priced homes
- 63129, MO: higher priced homes
- 61761, IL: equally priced homes
- 60613, IL: higher priced homes
- 00924, PR: less expensive homes
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