HousingHandbookReference data

U.S. ZIP Code · TN38563

Smith County · Nashville-Davidson--Murfreesboro--Franklin, TN

Typical home value

$311,518[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+3.8%
5-year / yr
+5.3%
10-year / yr
+8.0%

Relative price

vs U.S.
+9.7%
vs metro
-23.6%
vs state
+17.7%
ZIP 38563 location in TN
Location of ZIP 38563 in TN

Price history

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

The typical home in 38563 is worth $311,518 — 23.6% below the Nashville-Davidson--Murfreesboro--Franklin, TN median. Over the past year, values have risen 3.8%. 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
$1,480[3]

#Climate risk

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

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

#Who lives here

Population
1,826[3]
Median household income
$50,313[3]

#Migration

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

Net migration
+48[5]
Moved in
577
Moved out
529

Schools

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

Public schools
3
Elementary
2
Middle
0
High
1
  • Gordonsville High School

    High · Grades 7–12 · Smith County

    532 students

  • Gordonsville Elementary School

    Elementary · Grades 3–6 · Smith County

    312 students

  • New Middleton Elementary

    Elementary · Grades PK–2 · Smith County

    237 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$1,575
Loan principal$249,214
Down payment$62,304
Total interest paid$317,859

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$1,959
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
26th percentile[1]
Rental yield
[2]
Property tax
61st percentile[3]

Frequently asked

How much is a home worth in ZIP code 38563?
The typical home in 38563 is worth $311,518, based on the Zillow Home Value Index.
Are home values rising in 38563?
Home values in 38563 are up 3.8% over the past year, and up 5.3% a year over five years.
What is the property tax rate in 38563?
The effective property tax rate in 38563 is 0.5% — roughly $1,480 a year on a typical home.
Who lives in 38563?
ZIP code 38563 has a population of 1,826 and a median household income of $50,313.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Woodbury, TN

    Typical home
    $312,233
    Gross yield
  • Vanleer, TN

    Typical home
    $316,634
    Gross yield
  • TN

    Typical home
    $305,878
    Gross yield
  • Hickman CDP, TN

    Typical home
    $318,039
    Gross yield
  • Hartsville/Trousdale County, TN

    Typical home
    $324,207
    Gross yield
  • Nashville-Davidson metropolitan government (balance), TN

    Typical home
    $326,576
    Gross yield
    5.2%

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