US5.com
  1. Home
  2. States
  3. Tennessee
  4. ZIP 38357
  5. Housing & Real Estate
Michie town, TN

ZIP 38357 — 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 38357

Median Home Value
$166,100
Median Rent
$373
Affordability Snapshot
$46,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,067/mo PITI).

8%
Rent-to-Income Ratio

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

3.1x
Home Price-to-Income Ratio

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

37.1 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 38357 in Michie town, TN, a household would need roughly $46,000 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 $1,067. That sits below the local median household income ($53,375), 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
88.5%+35% vs US avg
x
Vacancy Rate
21.1%+105% vs US avg
x
Broadband Access
88.3%+1% vs US avg
x
4+ Bedrooms
2.9%-81% vs US avg
x
Built Pre-1939
0.0%
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
2.3%-95% vs US avg
x
Mortgage-Free
52.1%+36% vs US avg
x
$166,100
Home Value
$373
Rent
1984
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached78.4%
  • 1-unit attached0.8%
  • 2-9 units0.3%
  • 10+ units0.0%
  • Mobile home & other20.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$166,100
Median rent$373
Owner-occupied88.5%
Vacant21.1%
Price-to-income3.1x
Est. income to buy$46,000