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These days, finding an affordable place to live in the 38362 area can be challenging. Home prices in 38362 are now at a median cost of $183,753, lower than the Tennessee average of $315,131.
The average cost of rent is $1,167/mo in 38362, primarily driven by the current value of real estate in the 38362 area. In 38362, 15.52% of households rent, and 35.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38362 is $5,500 per month. Households that rent pay about 21.22% of their income on rent here. 38362’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern 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
- 38305, TN: higher priced homes
- 38355, TN: higher priced homes
- 38301, TN: less expensive homes
- 38343, TN: equally priced homes
- 38348, TN: less expensive homes
- 38337, TN: equally priced homes
- 38321, TN: equally priced homes
- 38345, TN: higher priced homes
- 38006, TN: equally priced homes
- 38001, TN: less expensive homes
Zip Codes with Similar Populations
- 04476, ME: higher priced homes
- 04676, ME: higher priced homes
- 17243, PA: less expensive homes
- 04765, ME: less expensive homes
- 04945, ME: higher priced homes
- 16845, PA: less expensive homes
- 05738, VT: higher priced homes
- 96051, CA: higher priced homes
- 14109, NY: equally priced homes
- 14784, NY: less expensive homes
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