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Grimsley CDP, TN

ZIP 38556 — 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 38556

Median Home Value
$147,300
Median Rent
$433
Affordability Snapshot
$41,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$946/mo PITI).

12%
Rent-to-Income Ratio

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

3.4x
Home Price-to-Income Ratio

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

28.3 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 38556 in Grimsley CDP, TN, a household would need roughly $41,000 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 $946. That is roughly in line with the local median household income ($42,819). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 17% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
73.9%+13% vs US avg
x
Vacancy Rate
16.8%+63% vs US avg
x
Broadband Access
82.7%-5% vs US avg
x
4+ Bedrooms
2.3%-85% vs US avg
x
Built Pre-1939
3.2%-75% vs US avg
x
Built Post-2014
1.6%-76% vs US avg
x
Rent Burden >30%
10.0%-80% vs US avg
x
Mortgage-Free
58.3%+53% vs US avg
x
$147,300
Home Value
$433
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 detached73.0%
  • 1-unit attached0.4%
  • 2-9 units7.4%
  • 10+ units0.7%
  • Mobile home & other18.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$147,300
Median rent$433
Owner-occupied73.9%
Vacant16.8%
Price-to-income3.4x
Est. income to buy$41,000