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These days, finding an affordable place to live in the 38316 area can be challenging. Home prices in 38316 are now at a median cost of $94,299, lower than the Tennessee average of $218,916.
The average cost of rent is $626/mo in 38316, primarily driven by the current value of real estate in the 38316 area. While nearly 68.31% of residents own their homes outright in 38316, 21.71% rent.
Housing affordability isn’t just about home prices, though. The average household income in 38316 is $3,704 per month. Households that rent pay about 16.90% of their income on rent here. 38316's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 38230, TN: less expensive homes
- 38220, TN: less expensive homes
- 38382, TN: equally priced homes
- 38358, TN: higher priced homes
- 38258, TN: equally priced homes
- 38369, TN: less expensive homes
- 38330, TN: equally priced homes
- 38235, TN: equally priced homes
- 38233, TN: less expensive homes
- 38201, TN: higher priced homes
Zip Codes with Similar Populations
- 30624, GA: equally priced homes
- 59422, MT: higher priced homes
- 64840, MO: higher priced homes
- 43324, OH: higher priced homes
- 80103, CO: higher priced homes
- 29125, SC: equally priced homes
- 29107, SC: less expensive homes
- 12117, NY: higher priced homes
- 11976, NY: higher priced homes
- 08733, NJ: higher priced homes
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