U.S. ZIP Code · TN38501
Putnam County
Appreciation
- 1-year
- +2.4%
- 5-year / yr
- +7.1%
- 10-year / yr
- +7.3%
Relative price
- vs U.S.
- +5.6%
- vs metro
- —
- vs state
- +13.3%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 38501 is worth $300,038. Over the past year, values have risen 2.4%. Homes here rent for a typical $1,450 a month — a 5.8% gross rental yield. The effective property tax rate is 0.5%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#Climate risk
FEMA National Risk Index ratings for Putnam County. "Not Applicable" means the hazard does not threaten the county.
- Overall risk
- Relatively Low[4]
- Riverine flood
- Relatively Low
- Coastal flood
- Not Applicable
- Wildfire
- Very Low
- Drought
- Very Low
- Heat wave
- Very Low
- Hurricane
- Very Low
- Tornado
- Relatively Moderate
- Earthquake
- Relatively Low
- Winter weather
- Relatively Moderate
#Who lives here
#Migration
Household moves in and out of Putnam County over a year, from IRS tax-return data.
- Net migration
- +106[5]
- Moved in
- 2,614
- Moved out
- 2,508
Schools
Open public schools in this ZIP, from the NCES Common Core of Data.
- Public schools
- 9
- Elementary
- 7
- Middle
- 1
- High
- 1
Cookeville High School
High · Grades 9–12 · Putnam County
2,202 students
Avery Trace Middle School
Middle · Grades 5–8 · Putnam County
745 students
Capshaw Elementary
Elementary · Grades PK–4 · Putnam County
522 students
Northeast Elementary
Elementary · Grades PK–4 · Putnam County
453 students
Cane Creek Elementary
Elementary · Grades PK–4 · Putnam County
432 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 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.
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.
Renting is meaningfully cheaper month-to-month.
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.
Frequently asked
- How much is a home worth in ZIP code 38501?
- The typical home in 38501 is worth $300,038, based on the Zillow Home Value Index.
- Are home values rising in 38501?
- Home values in 38501 are up 2.4% over the past year, and up 7.1% a year over five years.
- What is the typical rent in 38501?
- A typical home in 38501 rents for about $1,450 a month, a gross rental yield of 5.8%.
- What is the property tax rate in 38501?
- The effective property tax rate in 38501 is 0.5% — roughly $1,560 a year on a typical home.
- Who lives in 38501?
- ZIP code 38501 has a population of 42,471 and a median household income of $52,145.
Compare ZIPs
Pit ZIP 38501 against any other ZIP — full side-by-side table.
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