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Palmersville CDP, TN

ZIP 38241 — 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 38241

Median Home Value
$105,600
Median Rent
$399
Affordability Snapshot
$29,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$678/mo PITI).

9%
Rent-to-Income Ratio

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

2.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

22.1 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 38241 in Palmersville CDP, TN, a household would need roughly $29,000 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 $678. That sits below the local median household income ($54,091), 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 21% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
77.5%+19% vs US avg
x
Vacancy Rate
20.8%+102% vs US avg
x
Broadband Access
76.0%-13% vs US avg
x
4+ Bedrooms
4.3%-71% vs US avg
x
Built Pre-1939
2.0%-84% vs US avg
x
Built Post-2014
1.5%-78% vs US avg
x
Rent Burden >30%
14.1%-72% vs US avg
x
Mortgage-Free
62.5%+63% vs US avg
x
$105,600
Home Value
$399
Rent
1982
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 detached67.2%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units1.3%
  • Mobile home & other31.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$105,600
Median rent$399
Owner-occupied77.5%
Vacant20.8%
Price-to-income2.0x
Est. income to buy$29,000