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These days, finding an affordable place to live in the 38556 area can be challenging. Home prices in 38556 are now at a median cost of $165,582, lower than the Tennessee average of $315,131.
The average cost of rent is $709/mo in 38556, primarily driven by the current value of real estate in the 38556 area. In 38556, 21.32% of households rent, and 55.51% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38556 is $4,148 per month. Households that rent pay about 17.08% of their income on rent here. 38556’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western 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
- 38504, TN: equally priced homes
- 37733, TN: less expensive homes
- 38577, TN: equally priced homes
- 38543, TN: less expensive homes
- 38542, TN: less expensive homes
- 38549, TN: equally priced homes
- 38573, TN: equally priced homes
- 37852, TN: less expensive homes
- 37732, TN: less expensive homes
- 37755, TN: equally priced homes
Zip Codes with Similar Populations
- 06096, CT: higher priced homes
- 99114, WA: higher priced homes
- 93433, CA: higher priced homes
- 81147, CO: higher priced homes
- 79556, TX: less expensive homes
- 78538, TX: less expensive homes
- 17754, PA: higher priced homes
- 17566, PA: higher priced homes
- 15061, PA: higher priced homes
- 14527, NY: higher priced homes
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