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, TN

ZIP 38587 — 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 38587

Median Home Value
$202,600
Median Rent
$570
Affordability Snapshot
$56,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,301/mo PITI).

17%
Rent-to-Income Ratio

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

5.1x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

29.6 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 38587 in 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 $1,301. That is about 41% above the local median household income ($39,789), so the median earner would likely stretch or need a larger down payment. 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
89.5%+37% vs US avg
x
Vacancy Rate
6.0%-42% vs US avg
x
Broadband Access
85.9%-1% vs US avg
x
4+ Bedrooms
11.0%-26% vs US avg
x
Built Pre-1939
12.4%-3% vs US avg
x
Built Post-2014
1.4%-79% vs US avg
x
Rent Burden >30%
14.8%-70% vs US avg
x
Mortgage-Free
54.3%+42% vs US avg
x
$202,600
Home Value
$570
Rent
1973
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached79.0%
  • 1-unit attached0.0%
  • 2-9 units1.5%
  • 10+ units0.0%
  • Mobile home & other19.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$202,600
Median rent$570
Owner-occupied89.5%
Vacant6.0%
Price-to-income5.1x
Est. income to buy$56,000