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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 $120,606, lower than the Tennessee average of $218,916.
The average cost of rent is $760/mo in 38345, primarily driven by the current value of real estate in the 38345 area. While nearly 58.64% of residents own their homes outright in 38345, 18.38% rent.
Housing affordability isn’t just about home prices, though. The average household income in 38345 is $4,166 per month. Households that rent pay about 18.25% of their income on rent here. 38345's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 38313, TN: higher priced homes
- 38352, TN: equally priced homes
- 38351, TN: equally priced homes
- 38368, TN: equally priced homes
- 38388, TN: equally priced homes
- 38362, TN: higher priced 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: higher priced homes
- 05354, VT: higher priced homes
- 07435, NJ: higher priced homes
- 12106, NY: higher priced homes
- 12167, NY: higher priced homes
- 12578, NY: higher priced homes
- 13156, NY: higher priced homes
- 13327, NY: equally priced homes
- 13646, NY: higher priced homes
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