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These days, finding an affordable place to live in the 38387 area can be challenging. Home prices in 38387 are now at a median cost of $110,282, lower than the Tennessee average of $315,131.
The average cost of rent is $828/mo in 38387, primarily driven by the current value of real estate in the 38387 area. In 38387, 9.85% of households rent, and 77.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38387 is $3,621 per month. Households that rent pay about 22.86% of their income on rent here. 38387’s most expensive areas are in the eastern 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
- 38390, TN: higher priced homes
- 38318, TN: higher priced homes
- 38388, TN: higher priced homes
- 38344, TN: higher priced homes
- 38341, TN: higher priced homes
- 38321, TN: higher priced homes
- 38235, TN: equally priced homes
- 38380, TN: higher priced homes
- 38348, TN: higher priced homes
- 38220, TN: equally priced homes
Zip Codes with Similar Populations
- 32639, FL: higher priced homes
- 43077, OH: higher priced homes
- 41621, KY: less expensive homes
- 41547, KY: less expensive homes
- 41421, KY: higher priced homes
- 40334, KY: higher priced homes
- 39054, MS: less expensive homes
- 38944, MS: less expensive homes
- 38720, MS: less expensive homes
- 36538, AL: higher priced homes
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