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Affordable
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These days, finding an affordable place to live in the 38563 area can be challenging. Home prices in 38563 are now at a median cost of $258,589, lower than the Tennessee average of $315,131.
The average cost of rent is $898/mo in 38563, primarily driven by the current value of real estate in the 38563 area. In 38563, 25.68% of households rent, and 50.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38563 is $5,091 per month. Households that rent pay about 17.63% of their income on rent here. 38563’s most expensive areas are in the eastern 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
- 38547, TN: equally priced homes
- 38567, TN: equally priced homes
- 37030, TN: equally priced homes
- 38560, TN: equally priced homes
- 37012, TN: equally priced homes
- 38569, TN: higher priced homes
- 38552, TN: equally priced homes
- 38548, TN: equally priced homes
- 37184, TN: higher priced homes
- 38564, TN: less expensive homes
Zip Codes with Similar Populations
- 70357, LA: less expensive homes
- 23410, VA: equally priced homes
- 26711, WV: equally priced homes
- 27890, NC: less expensive homes
- 28523, NC: less expensive homes
- 37047, TN: equally priced homes
- 37097, TN: less expensive homes
- 40068, KY: higher priced homes
- 57744, SD: higher priced homes
- 70041, LA: less expensive homes
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