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Randolph CDP, TN

ZIP 38023 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 38023

Median Home Value
$229,500
Median Rent
$740
Affordability Snapshot
$63,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,474/mo PITI).

12%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

25.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 38023 in Randolph CDP, TN, a household would need roughly $63,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,474. That sits below the local median household income ($71,734), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
81.2%+24% vs US avg
x
Vacancy Rate
9.1%-11% vs US avg
x
Broadband Access
82.1%-6% vs US avg
x
4+ Bedrooms
8.8%-40% vs US avg
x
Built Pre-1939
5.3%-59% vs US avg
x
Built Post-2014
1.0%-86% vs US avg
x
Rent Burden >30%
4.9%-90% vs US avg
x
Mortgage-Free
39.1%+2% vs US avg
x
$229,500
Home Value
$740
Rent
1993
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached82.2%
  • 1-unit attached0.7%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other17.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$229,500
Median rent$740
Owner-occupied81.2%
Vacant9.1%
Price-to-income3.2x
Est. income to buy$63,000