Tennessee

Putnam County

ZIP 38501

81,366 residents641 permits TTM$56,537 median HHI8 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$246,800

ACS 5-Year

Cap rate proxy

4.3%

FMR × 0.65 ÷ Home Value

Rent-to-income

18.7%

HUD FMR ÷ ACS HHI

Net migration

+1.66%

IRS SOI

Permits (TTM)

641

Census BPS

Climate risk

65.8

FEMA NRI (0–100)

ZIP 38501

Median home value

Gross yield

Buy Box score

0.4

Section 8 gap

Affordability

P/I: 5.2R/I: 31.4%

Section 8 detail

SAFMR: Rent: Gap:
ZIP code breakdown8 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldBuy Box scoreSection 8 gap
385060.5
385740.4
385010.4
385440.4
385820.2
38503
38505
38548

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Demographics

Owner-occupied

60.7%

Census ACS

Vacancy rate

8.2%

Census ACS

Bachelor's degree +

29.2%

Census ACS

Rent burdened

45.3%

Census ACS (>30% income)

Median age

36.1

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026