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Germantown city, TN

ZIP 38138 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 38138

Median Home Value
$393,600
Median Rent
$1,619
Affordability Snapshot
$108,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,528/mo PITI).

15%
Rent-to-Income Ratio

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

3.0x
Home Price-to-Income Ratio

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

20.3 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 38138 in Germantown city, TN, a household would need roughly $108,000 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 $2,528. That sits below the local median household income ($130,125), 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

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
79.7%+22% vs US avg
x
Vacancy Rate
4.8%-53% vs US avg
x
Broadband Access
92.5%+6% vs US avg
x
4+ Bedrooms
11.5%-22% vs US avg
x
Built Pre-1939
0.4%-97% vs US avg
x
Built Post-2014
0.5%-92% vs US avg
x
Rent Burden >30%
30.4%-39% vs US avg
x
Mortgage-Free
31.7%-17% vs US avg
x
$393,600
Home Value
$1,619
Rent
1979
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached74.7%
  • 1-unit attached4.8%
  • 2-9 units7.6%
  • 10+ units12.7%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$393,600
Median rent$1,619
Owner-occupied79.7%
Vacant4.8%
Price-to-income3.0x
Est. income to buy$108,000