ZIP code 38118: income, home prices and cost of living

The median household income in ZIP 38118 is $41,830, which is 27% below the Tennessee median of $57,414 and 39% below the national figure. The typical home is valued at $90,400, and the median rent is $1,081/month. 38.4% of households own their home.

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

Median household income

$41,830

Tennessee average
$57,41427%
National
$68,75039%

Median home value

$90,400

Tennessee average
$177,30049%
National
$209,60057%

Median gross rent

$1,081

Tennessee average
$84328%
National
$98410%

Median age

28.8 yrs

Tennessee average
41.8 yrs31%
National
41.0 yrs30%

Homeownership rate

38.4%

Tennessee average
76.7%50%
National
75.8%49%

Bachelor's degree or higher

8.2%

Tennessee average
12.1%32%
National
15.9%48%

How ZIP 38118 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.

Get a free review of your debt options

Household income in 38118 runs below the Tennessee median, which makes debt payments bite harder. A vetted specialist can walk you through the options.

Review my debt options

Nearby ZIP codes in Tennessee

38117381193811638120381153811438122381123811138125

Or compare 38118 with 38117.

Run your own numbers

Cost of living calculatorBudget calculatorMortgage calculator

See every local figure on the Tennessee money guide.

What people search about ZIP 38118

Searches for the cost of living in 38118, the median household income in 38118, average rent in 38118 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.

  • cost of living in 38118
  • median household income in 38118
  • home values in 38118
  • average rent in 38118
  • property tax in 38118
  • housing market in 38118

Methodology

Figures describe ZIP Code Tabulation Area 38118, 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.