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These days, finding an affordable place to live in the 38505 area can be challenging. Home prices in 38505 are now at a median cost of $191,600, lower than the Tennessee average of $218,916.
The average cost of rent is $722/mo in 38505, primarily driven by the current value of real estate in the 38505 area. While nearly 20.89% of residents own their homes outright in 38505, 85.93% rent.
Housing affordability isn’t just about home prices, though. The average household income in 38505 is $2,701 per month. Households that rent pay about 26.73% of their income on rent here. 38505's most expensive areas are in the northeastern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 38501, TN: equally priced homes
- 38506, TN: less expensive homes
- 38545, TN: less expensive homes
- 38544, TN: less expensive homes
- 38580, TN: less expensive homes
- 38582, TN: equally priced homes
- 38564, TN: less expensive homes
- 38574, TN: less expensive homes
- 38548, TN: equally priced homes
- 38552, TN: less expensive homes
Zip Codes with Similar Populations
- 62556, IL: less expensive homes
- 52594, IA: less expensive homes
- 52737, IA: less expensive homes
- 54450, WI: less expensive homes
- 56134, MN: less expensive homes
- 56759, MN: less expensive homes
- 57258, SD: less expensive homes
- 57787, SD: less expensive homes
- 59430, MT: less expensive homes
- 61340, IL: less expensive homes
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