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These days, finding an affordable place to live in the 38506 area can be challenging. Home prices in 38506 are now at a median cost of $291,264, lower than the Tennessee average of $315,131.
The average cost of rent is $985/mo in 38506, primarily driven by the current value of real estate in the 38506 area. In 38506, 26.66% of households rent, and 46.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38506 is $5,383 per month. Households that rent pay about 18.30% of their income on rent here. 38506’s most expensive areas are in the southern 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
- 38505, TN: equally priced homes
- 38501, TN: equally priced homes
- 38544, TN: less expensive homes
- 38545, TN: less expensive homes
- 38580, TN: less expensive homes
- 38574, TN: less expensive homes
- 38582, TN: equally priced homes
- 38564, TN: less expensive homes
- 38548, TN: less expensive homes
- 38554, TN: less expensive homes
Zip Codes with Similar Populations
- 38135, TN: equally priced homes
- 77038, TX: less expensive homes
- 00794, PR: less expensive homes
- 58601, ND: equally priced homes
- 60018, IL: equally priced homes
- 60438, IL: less expensive homes
- 60631, IL: higher priced homes
- 62221, IL: less expensive homes
- 64152, MO: higher priced homes
- 65101, MO: less expensive homes
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