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Affordable
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These days, finding an affordable place to live in the 38318 area can be challenging. Home prices in 38318 are now at a median cost of $120,840, lower than the Tennessee average of $315,131.
The average cost of rent is $717/mo in 38318, primarily driven by the current value of real estate in the 38318 area. In 38318, 11.09% of households rent, and 68.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38318 is $3,870 per month. Households that rent pay about 18.53% of their income on rent here. 38318’s most expensive areas are in the northern 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
- 38317, TN: equally priced homes
- 38387, TN: equally priced homes
- 38342, TN: equally priced homes
- 38344, TN: higher priced homes
- 38390, TN: higher priced homes
- 38320, TN: higher priced homes
- 38341, TN: higher priced homes
- 38235, TN: equally priced homes
- 38333, TN: higher priced homes
- 37134, TN: higher priced homes
Zip Codes with Similar Populations
- 51564, IA: equally priced homes
- 57788, SD: higher priced homes
- 71971, AR: higher priced homes
- 72001, AR: equally priced homes
- 72456, AR: less expensive homes
- 72544, AR: higher priced homes
- 72564, AR: less expensive homes
- 72624, AR: higher priced homes
- 72660, AR: higher priced homes
- 73540, OK: higher priced homes
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