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These days, finding an affordable place to live in the 38345 area can be challenging. Home prices in 38345 are now at a median cost of $217,534, lower than the Tennessee average of $315,131.
The average cost of rent is $770/mo in 38345, primarily driven by the current value of real estate in the 38345 area. In 38345, 31.88% of households rent, and 67.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38345 is $3,243 per month. Households that rent pay about 23.74% of their income on rent here. 38345’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern 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
- 38313, TN: equally priced homes
- 38352, TN: equally priced homes
- 38351, TN: less expensive homes
- 38368, TN: equally priced homes
- 38388, TN: less expensive homes
- 38362, TN: less expensive homes
- 38301, TN: less expensive homes
- 38374, TN: less expensive homes
- 38328, TN: less expensive homes
- 38305, TN: higher priced homes
Zip Codes with Similar Populations
- 04472, ME: higher priced homes
- 04928, ME: less expensive homes
- 05354, VT: higher priced homes
- 07435, NJ: higher priced homes
- 12106, NY: higher priced homes
- 12167, NY: equally priced homes
- 12578, NY: higher priced homes
- 13156, NY: less expensive homes
- 13327, NY: less expensive homes
- 13646, NY: less expensive homes
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