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ZIP 38124
Housing & Real Estate

ZIP 38124 — Housing & Real Estate

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

Wealthy Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 38124

Median Home Value

$611,200

Median Rent

$1,086

Affordability Snapshot

$168,000

Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,926/mo PITI).

Rent-to-Income Ratio

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

3.8x

Home Price-to-Income Ratio

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

46.9 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 38124, a household would need roughly $168,000 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 $3,926. That is roughly in line with the local median household income ($162,955). 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

81.6%+25% vs US avg

Vacancy Rate

6.2%-40% vs US avg

Broadband Access

93.5%+7% vs US avg

4+ Bedrooms

17.9%+21% vs US avg

Built Pre-1939

6.2%-52% vs US avg

Built Post-2014

0.0%

Rent Burden >30%

10.1%-80% vs US avg

Mortgage-Free

39.7%+4% vs US avg

$611,200

Home Value

$1,086

Rent

1965

Year Built

2011

Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

1-unit detached69.1%
1-unit attached8.2%
2-9 units1.6%
10+ units20.7%
Mobile home & other0.3%

ZIP 38124 — Housing & Real Estate

Housing & Real Estate in ZIP Code 38124

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