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These days, finding an affordable place to live in the 38545 area can be challenging. Home prices in 38545 are now at a median cost of $211,714, lower than the Tennessee average of $315,131.
The average cost of rent is $1,037/mo in 38545, primarily driven by the current value of real estate in the 38545 area. In 38545, 17.16% of households rent, and 48.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38545 is $5,637 per month. Households that rent pay about 18.39% of their income on rent here. 38545’s most expensive areas are in the southern regions, while the cheapest areas are in the northern 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
- 38544, TN: higher priced homes
- 38501, TN: higher priced homes
- 38564, TN: equally priced homes
- 38505, TN: higher priced homes
- 38562, TN: less expensive homes
- 38548, TN: higher priced homes
- 38582, TN: higher priced homes
- 38552, TN: higher priced homes
- 38506, TN: higher priced homes
- 38560, TN: higher priced homes
Zip Codes with Similar Populations
- 98923, WA: equally priced homes
- 04955, ME: less expensive homes
- 05483, VT: higher priced homes
- 06242, CT: higher priced homes
- 96118, CA: higher priced homes
- 13608, NY: less expensive homes
- 13650, NY: equally priced homes
- 13839, NY: less expensive homes
- 14028, NY: less expensive homes
- 14898, NY: less expensive homes
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