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These days, finding an affordable place to live in the 38501 area can be challenging. Home prices in 38501 are now at a median cost of $181,510, lower than the Tennessee average of $218,916.
The average cost of rent is $781/mo in 38501, primarily driven by the current value of real estate in the 38501 area. While nearly 41.71% of residents own their homes outright in 38501, 48.80% rent.
Housing affordability isn’t just about home prices, though. The average household income in 38501 is $4,023 per month. Households that rent pay about 19.42% of their income on rent here. 38501's most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 38505, TN: equally priced homes
- 38506, TN: equally priced homes
- 38545, TN: less expensive homes
- 38544, TN: equally priced homes
- 38580, TN: less expensive homes
- 38582, TN: equally priced homes
- 38564, TN: less expensive homes
- 38548, TN: equally priced homes
- 38552, TN: less expensive homes
- 38574, TN: less expensive homes
Zip Codes with Similar Populations
- 77389, TX: higher priced homes
- 59101, MT: higher priced homes
- 60103, IL: higher priced homes
- 60115, IL: equally priced homes
- 60660, IL: higher priced homes
- 63116, MO: less expensive homes
- 63304, MO: higher priced homes
- 75078, TX: higher priced homes
- 77057, TX: higher priced homes
- 77075, TX: less expensive homes
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