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Affordable
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These days, finding an affordable place to live in the 38347 area can be challenging. Home prices in 38347 are now at a median cost of $168,199, lower than the Tennessee average of $315,131.
The average cost of rent is $797/mo in 38347, primarily driven by the current value of real estate in the 38347 area. In 38347, 14.82% of households rent, and 55.89% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38347 is $3,201 per month. Households that rent pay about 24.88% of their income on rent here. 38347’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
- 38352, TN: higher priced homes
- 38332, TN: equally priced homes
- 38368, TN: higher priced homes
- 38340, TN: equally priced homes
- 38334, TN: less expensive homes
- 38359, TN: less expensive homes
- 38313, TN: higher priced homes
- 38371, TN: less expensive homes
- 38366, TN: equally priced homes
- 38374, TN: less expensive homes
Zip Codes with Similar Populations
- 45349, OH: higher priced homes
- 82922, WY: higher priced homes
- 82835, WY: higher priced homes
- 82710, WY: higher priced homes
- 82329, WY: less expensive homes
- 81655, CO: higher priced homes
- 81649, CO: higher priced homes
- 81121, CO: higher priced homes
- 80834, CO: higher priced homes
- 78879, TX: less expensive homes
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