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Affordable
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These days, finding an affordable place to live in the 38587 area can be challenging. Home prices in 38587 are now at a median cost of $208,100, lower than the Tennessee average of $315,131.
The average cost of rent is $871/mo in 38587, primarily driven by the current value of real estate in the 38587 area. In 38587, 20.57% of households rent, and 60.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38587 is $4,171 per month. Households that rent pay about 20.89% of their income on rent here. 38587’s most expensive areas are in the southern regions, while the cheapest areas are in the northern 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
- 38579, TN: higher priced homes
- 38559, TN: equally priced homes
- 38581, TN: equally priced homes
- 38583, TN: equally priced homes
- 37166, TN: higher priced homes
- 37059, TN: higher priced homes
- 37095, TN: equally priced homes
- 38578, TN: less expensive homes
- 37190, TN: higher priced homes
- 37016, TN: higher priced homes
Zip Codes with Similar Populations
- 15338, PA: less expensive homes
- 15345, PA: less expensive homes
- 58746, ND: less expensive homes
- 64762, MO: less expensive homes
- 64746, MO: higher priced homes
- 63769, MO: equally priced homes
- 62520, IL: equally priced homes
- 62262, IL: less expensive homes
- 61740, IL: less expensive homes
- 61272, IL: less expensive homes
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