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Affordable
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These days, finding an affordable place to live in the 38588 area can be challenging. Home prices in 38588 are now at a median cost of $198,470, lower than the Tennessee average of $315,131.
The average cost of rent is $695/mo in 38588, primarily driven by the current value of real estate in the 38588 area. In 38588, 24.23% of households rent, and 68.31% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 38588 is $3,970 per month. Households that rent pay about 17.51% of their income on rent here. 38588’s most expensive areas are in the western 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
- 38562, TN: less expensive homes
- 37150, TN: equally priced homes
- 38575, TN: less expensive homes
- 37145, TN: higher priced homes
- 38568, TN: less expensive homes
- 38551, TN: equally priced homes
- 37057, TN: higher priced homes
- 37083, TN: higher priced homes
- 37151, TN: higher priced homes
- 38541, TN: less expensive homes
Zip Codes with Similar Populations
- 04666, ME: less expensive homes
- 12719, NY: higher priced homes
- 92321, CA: higher priced homes
- 60935, IL: equally priced homes
- 75471, TX: less expensive homes
- 74569, OK: less expensive homes
- 69021, NE: less expensive homes
- 67054, KS: equally priced homes
- 66023, KS: less expensive homes
- 65261, MO: less expensive homes
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