ZIP code 38116: income, home prices and cost of living

The median household income in ZIP 38116 is $42,354, which is 26% below the Tennessee median of $57,414 and 38% below the national figure. The typical home is valued at $115,400, and the median rent is $954/month. 45.5% of households own their home.

Source: U.S. Census Bureau, American Community Survey (5-year). Latest observation ACS 2022.

Median household income

$42,354

Tennessee average
$57,41426%
National
$68,75038%

Median home value

$115,400

Tennessee average
$177,30035%
National
$209,60045%

Median gross rent

$954

Tennessee average
$84313%
National
$9843%

Median age

34.9 yrs

Tennessee average
41.8 yrs17%
National
41.0 yrs15%

Homeownership rate

45.5%

Tennessee average
76.7%41%
National
75.8%40%

Bachelor's degree or higher

13.2%

Tennessee average
12.1%9%
National
15.9%17%

How ZIP 38116 compares with Tennessee and the U.S.

State and national bars are the median across ZIP Code Tabulation Areas. Source: U.S. Census Bureau, American Community Survey (5-year), 2022.

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Nearby ZIP codes in Tennessee

38115381173811438118381193811238120381113812238109

Or compare 38116 with 38115.

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What people search about ZIP 38116

Searches for the cost of living in 38116, the median household income in 38116, average rent in 38116 and home values in this part of Tennessee all come back to the same Census figures shown above. Use them alongside a mortgage payment estimate, a property tax estimate and a household budget before you compare this ZIP code with a neighbouring one.

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Methodology

Figures describe ZIP Code Tabulation Area 38116, the Census Bureau's statistical approximation of the ZIP code. Values are median estimates for the five-year period ending 2022.

State and national benchmarks are the median of all ZCTAs in that geography with at least 1,000 residents, computed by us from the same public dataset.

Sources: U.S. Census Bureau, American Community Survey (5-year). American Community Survey 5-year estimates, 2022.