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These days, finding an affordable place to live in the 38462 area can be challenging. Home prices in 38462 are now at a median cost of $123,278, lower than the Tennessee average of $218,916.
The average cost of rent is $742/mo in 38462, primarily driven by the current value of real estate in the 38462 area. While nearly 55.56% of residents own their homes outright in 38462, 19.53% rent.
Housing affordability isn’t just about home prices, though. The average household income in 38462 is $3,935 per month. Households that rent pay about 18.86% of their income on rent here. 38462's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 38461, TN: higher priced homes
- 38483, TN: higher priced homes
- 37096, TN: equally priced homes
- 38474, TN: higher priced homes
- 38401, TN: higher priced homes
- 38451, TN: higher priced homes
- 38329, TN: equally priced homes
- 38311, TN: higher priced homes
- 38363, TN: less expensive homes
- 38328, TN: less expensive homes
Zip Codes with Similar Populations
- 83274, ID: higher priced homes
- 22172, VA: higher priced homes
- 22827, VA: higher priced homes
- 23002, VA: higher priced homes
- 29161, SC: less expensive homes
- 35125, AL: higher priced homes
- 35501, AL: equally priced homes
- 38058, TN: higher priced homes
- 41472, KY: less expensive homes
- 45404, OH: less expensive homes
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