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These days, finding an affordable place to live in the 38340 area can be challenging. Home prices in 38340 are now at a median cost of $129,298, lower than the Tennessee average of $218,916.
The average cost of rent is $634/mo in 38340, primarily driven by the current value of real estate in the 38340 area. While nearly 47.27% of residents own their homes outright in 38340, 26.19% rent.
Housing affordability isn’t just about home prices, though. The average household income in 38340 is $4,171 per month. Households that rent pay about 15.21% of their income on rent here. 38340's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 38334, TN: less expensive homes
- 38366, TN: less expensive homes
- 38347, TN: equally priced homes
- 38352, TN: equally priced homes
- 38313, TN: higher priced homes
- 38332, TN: equally priced homes
- 38356, TN: less expensive homes
- 38368, TN: equally priced homes
- 38359, TN: less expensive homes
- 38381, TN: less expensive homes
Zip Codes with Similar Populations
- 82520, WY: higher priced homes
- 20005, DC: higher priced homes
- 20607, MD: higher priced homes
- 20678, MD: higher priced homes
- 21029, MD: higher priced homes
- 21047, MD: higher priced homes
- 32344, FL: higher priced homes
- 01940, MA: higher priced homes
- 37683, TN: equally priced homes
- 77484, TX: higher priced homes
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