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Paris city, TN

ZIP 38242 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 38242

Median Home Value
$157,400
Median Rent
$538
Affordability Snapshot
$43,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,011/mo PITI).

14%
Rent-to-Income Ratio

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

3.5x
Home Price-to-Income Ratio

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

24.4 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 38242 in Paris city, TN, a household would need roughly $43,000 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 $1,011. That is roughly in line with the local median household income ($44,833). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 16% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
69.1%+6% vs US avg
x
Vacancy Rate
15.8%+53% vs US avg
x
Broadband Access
80.8%-7% vs US avg
x
4+ Bedrooms
4.5%-69% vs US avg
x
Built Pre-1939
4.1%-68% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
15.1%-70% vs US avg
x
Mortgage-Free
58.8%+54% vs US avg
x
$157,400
Home Value
$538
Rent
1977
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 detached66.3%
  • 1-unit attached3.0%
  • 2-9 units8.4%
  • 10+ units5.2%
  • Mobile home & other17.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$157,400
Median rent$538
Owner-occupied69.1%
Vacant15.8%
Price-to-income3.5x
Est. income to buy$43,000