US5.com
  1. Home
  2. States
  3. Tennessee
  4. ZIP 38229
  5. Housing & Real Estate
Gleason town, TN

ZIP 38229 — 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 38229

Median Home Value
$144,700
Median Rent
$396
Affordability Snapshot
$40,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$930/mo PITI).

8%
Rent-to-Income Ratio

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

2.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

30.5 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 38229 in Gleason town, TN, a household would need roughly $40,000 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 $930. That sits below the local median household income ($56,161), 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 18% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
78.8%+20% vs US avg
x
Vacancy Rate
18.2%+77% vs US avg
x
Broadband Access
80.4%-8% vs US avg
x
4+ Bedrooms
2.0%-86% vs US avg
x
Built Pre-1939
3.2%-75% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
21.7%-56% vs US avg
x
Mortgage-Free
39.8%+4% vs US avg
x
$144,700
Home Value
$396
Rent
1990
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 detached62.3%
  • 1-unit attached0.2%
  • 2-9 units4.2%
  • 10+ units0.0%
  • Mobile home & other33.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$144,700
Median rent$396
Owner-occupied78.8%
Vacant18.2%
Price-to-income2.6x
Est. income to buy$40,000