US5.com
  1. Home
  2. States
  3. Tennessee
  4. ZIP 38501
  5. Housing & Real Estate
Cookeville city, TN

ZIP 38501 — 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 38501

Median Home Value
$245,100
Median Rent
$726
Affordability Snapshot
$67,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,574/mo PITI).

17%
Rent-to-Income Ratio

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

4.8x
Home Price-to-Income Ratio

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

28.1 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 38501 in Cookeville city, TN, a household would need roughly $67,000 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 $1,574. That is about 32% above the local median household income ($50,923), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
49.4%-25% vs US avg
x
Vacancy Rate
8.9%-14% vs US avg
x
Broadband Access
85.8%-1% vs US avg
x
4+ Bedrooms
3.2%-79% vs US avg
x
Built Pre-1939
3.6%-72% vs US avg
x
Built Post-2014
1.4%-80% vs US avg
x
Rent Burden >30%
26.3%-47% vs US avg
x
Mortgage-Free
44.4%+16% vs US avg
x
$245,100
Home Value
$726
Rent
1990
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

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

  • 1-unit detached54.4%
  • 1-unit attached2.7%
  • 2-9 units27.7%
  • 10+ units10.1%
  • Mobile home & other5.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$245,100
Median rent$726
Owner-occupied49.4%
Vacant8.9%
Price-to-income4.8x
Est. income to buy$67,000