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Affordable
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These days, finding an affordable place to live in the 38311 area can be challenging. Home prices in 38311 are now at a median cost of $186,520, lower than the Tennessee average of $315,131.
The average cost of rent is $778/mo in 38311, primarily driven by the current value of real estate in the 38311 area. In 38311, 8.94% of households rent, and 51.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38311 is $4,098 per month. Households that rent pay about 18.99% of their income on rent here. 38311’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern 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
- 38370, TN: less expensive homes
- 38329, TN: less expensive homes
- 38425, TN: less expensive homes
- 38374, TN: less expensive homes
- 38371, TN: less expensive homes
- 38361, TN: less expensive homes
- 38359, TN: less expensive homes
- 38368, TN: equally priced homes
- 38332, TN: less expensive homes
- 38347, TN: less expensive homes
Zip Codes with Similar Populations
- 83868, ID: less expensive homes
- 31756, GA: less expensive homes
- 38481, TN: equally priced homes
- 41777, KY: less expensive homes
- 43779, OH: equally priced homes
- 47968, IN: equally priced homes
- 48028, MI: higher priced homes
- 49836, MI: equally priced homes
- 51052, IA: higher priced homes
- 55935, MN: higher priced homes
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