HousingHandbookReference data

U.S. ZIP Code · TN38351

Henderson County

Typical home value

$220,360[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+10.7%
5-year / yr
+8.1%
10-year / yr
+7.9%

Relative price

vs U.S.
-22.4%
vs metro
vs state
-16.8%
ZIP 38351 location in TN
Location of ZIP 38351 in TN

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 38351 is worth $220,360. Over the past year, values have risen 10.7%. The effective property tax rate is 0.5%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.5%[3]
Typical annual tax
$1,056[3]

#Climate risk

FEMA National Risk Index ratings for Henderson County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Very Low
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Relatively Low
Heat wave
Relatively Low
Hurricane
Very Low
Tornado
Relatively Moderate
Earthquake
Relatively Moderate
Winter weather
Very Low

#Who lives here

Population
18,248[3]
Median household income
$54,709[3]

#Migration

Household moves in and out of Henderson County over a year, from IRS tax-return data.

Net migration
+111[5]
Moved in
614
Moved out
503

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
6
Elementary
4
Middle
1
High
1
  • Lexington High School

    High · Grades 9–12 · Henderson County

    922 students

  • Paul G. Caywood Elementary

    Elementary · Grades PK–5 · Lexington

    626 students

  • Pin Oak Elementary

    Elementary · Grades PK–8 · Henderson County

    363 students

  • South Haven Elementary

    Elementary · Grades PK–8 · Henderson County

    358 students

  • Bargerton Elementary

    Elementary · Grades PK–8 · Henderson County

    273 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,114
Loan principal$176,288
Down payment$44,072
Total interest paid$224,846

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$1,386
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 38351?
The typical home in 38351 is worth $220,360, based on the Zillow Home Value Index.
Are home values rising in 38351?
Home values in 38351 are up 10.7% over the past year, and up 8.1% a year over five years.
What is the property tax rate in 38351?
The effective property tax rate in 38351 is 0.5% — roughly $1,056 a year on a typical home.
Who lives in 38351?
ZIP code 38351 has a population of 18,248 and a median household income of $54,709.

Compare ZIPs

Pit ZIP 38351 against any other ZIP — full side-by-side table.

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