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These days, finding an affordable place to live in the 38562 area can be challenging. Home prices in 38562 are now at a median cost of $147,035, lower than the Tennessee average of $315,131.
The average cost of rent is $736/mo in 38562, primarily driven by the current value of real estate in the 38562 area. In 38562, 21.29% of households rent, and 65.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38562 is $3,866 per month. Households that rent pay about 19.04% of their income on rent here. 38562’s most expensive areas are in the southwestern 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
- 38588, TN: higher priced homes
- 38564, TN: higher priced homes
- 38545, TN: higher priced homes
- 38568, TN: higher priced homes
- 38552, TN: higher priced homes
- 38560, TN: higher priced homes
- 37145, TN: higher priced homes
- 38580, TN: higher priced homes
- 38570, TN: higher priced homes
- 37030, TN: higher priced homes
Zip Codes with Similar Populations
- 27850, NC: higher priced homes
- 64153, MO: higher priced homes
- 35961, AL: less expensive homes
- 31055, GA: less expensive homes
- 29853, SC: less expensive homes
- 29835, SC: higher priced homes
- 29634, SC: higher priced homes
- 28705, NC: higher priced homes
- 28675, NC: higher priced homes
- 28431, NC: higher priced homes
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