US5.com
  1. Home
  2. States
  3. Tennessee
  4. ZIP 38477
  5. Housing & Real Estate
Prospect CDP, TN

ZIP 38477 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 38477

Median Home Value
$204,300
Median Rent
$701
Affordability Snapshot
$56,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,312/mo PITI).

13%
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.

24.3 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 38477 in Prospect CDP, TN, a household would need roughly $56,000 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 $1,312. That sits below the local median household income ($62,875), 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

Vacancy rate 23% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
87.8%+34% vs US avg
x
Vacancy Rate
23.1%+124% vs US avg
x
Broadband Access
80.7%-7% vs US avg
x
4+ Bedrooms
2.8%-81% vs US avg
x
Built Pre-1939
0.9%-93% vs US avg
x
Built Post-2014
0.6%-91% vs US avg
x
Rent Burden >30%
25.2%-49% vs US avg
x
Mortgage-Free
45.7%+20% vs US avg
x
$204,300
Home Value
$701
Rent
1979
Year Built
2006
Moved In

Residents have lived here since ~2006 on average

Housing Structure

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

  • 1-unit detached81.7%
  • 1-unit attached1.0%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other17.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$204,300
Median rent$701
Owner-occupied87.8%
Vacant23.1%
Price-to-income3.2x
Est. income to buy$56,000