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These days, finding an affordable place to live in the 38551 area can be challenging. Home prices in 38551 are now at a median cost of $125,369, lower than the Tennessee average of $218,916.
The average cost of rent is $486/mo in 38551, primarily driven by the current value of real estate in the 38551 area. While nearly 70.23% of residents own their homes outright in 38551, 29.73% rent.
Housing affordability isn’t just about home prices, though. The average household income in 38551 is $2,896 per month. Households that rent pay about 16.77% of their income on rent here. 38551's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 42151, KY: less expensive homes
- 38575, TN: less expensive homes
- 38541, TN: equally priced homes
- 38568, TN: equally priced homes
- 38588, TN: less expensive homes
- 38573, TN: higher priced homes
- 37150, TN: equally priced homes
- 42140, KY: less expensive homes
- 38549, TN: higher priced homes
- 38543, TN: equally priced homes
Zip Codes with Similar Populations
- 06092, CT: higher priced homes
- 99686, AK: higher priced homes
- 01541, MA: higher priced homes
- 02108, MA: higher priced homes
- 99685, AK: higher priced homes
- 99323, WA: higher priced homes
- 98935, WA: higher priced homes
- 47838, IN: less expensive homes
- 49756, MI: equally priced homes
- 49633, MI: equally priced homes
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