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These days, finding an affordable place to live in the 38355 area can be challenging. Home prices in 38355 are now at a median cost of $272,568, lower than the Tennessee average of $315,131.
The average cost of rent is $1,355/mo in 38355, primarily driven by the current value of real estate in the 38355 area. In 38355, 16.23% of households rent, and 23.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38355 is $8,627 per month. Households that rent pay about 15.71% of their income on rent here. 38355’s most expensive areas are in the western regions, while the cheapest areas are in the southern 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
- 38362, TN: less expensive homes
- 38343, TN: less expensive homes
- 38358, TN: less expensive homes
- 38348, TN: less expensive homes
- 38337, TN: less expensive homes
- 38220, TN: less expensive homes
- 38321, TN: less expensive homes
- 38382, TN: less expensive homes
- 38235, TN: less expensive homes
- 38006, TN: less expensive homes
Zip Codes with Similar Populations
- 41008, KY: less expensive homes
- 75125, TX: less expensive homes
- 74044, OK: less expensive homes
- 73165, OK: higher priced homes
- 72370, AR: less expensive homes
- 72081, AR: less expensive homes
- 70087, LA: less expensive homes
- 46783, IN: equally priced homes
- 46723, IN: less expensive homes
- 44627, OH: higher priced homes
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