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These days, finding an affordable place to live in the 38547 area can be challenging. Home prices in 38547 are now at a median cost of $247,825, lower than the Tennessee average of $315,131.
The average cost of rent is $982/mo in 38547, primarily driven by the current value of real estate in the 38547 area. In 38547, 12.01% of households rent, and 43.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38547 is $6,252 per month. Households that rent pay about 15.71% of their income on rent here. 38547’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern 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
- 38563, TN: equally priced homes
- 38567, TN: higher priced homes
- 37012, TN: equally priced homes
- 37030, TN: equally priced homes
- 37184, TN: higher priced homes
- 38569, TN: higher priced homes
- 38560, TN: equally priced homes
- 38552, TN: equally priced homes
- 38548, TN: equally priced homes
- 38582, TN: higher priced homes
Zip Codes with Similar Populations
- 86035, AZ: less expensive homes
- 08026, NJ: higher priced homes
- 12197, NY: less expensive homes
- 16881, PA: less expensive homes
- 21874, MD: equally priced homes
- 26149, WV: less expensive homes
- 47977, IN: less expensive homes
- 03465, NH: equally priced homes
- 49026, MI: less expensive homes
- 49051, MI: equally priced homes
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