The story of this market
The typical home in ZIP 38232 sells for about $250,000, or $115 per square foot.
Prices are down 2.5% from a year ago, which gives buyers more room to negotiate. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $770 a month.
ZIP 38232 — Greenfield
The housing market in 38232 remains stable with low inventory and modest price appreciation. Market activity is driven by local demand and limited new construction, resulting in a balanced environment for buyers and sellers.
This ZIP is best suited for families and individuals seeking a quiet, affordable rural lifestyle with low housing costs and a slower pace of life.
Median prices moved down 2.5% year over year.
Homes spend a median of 45 days on market with 4.2 months of supply — a fast-moving market.
5% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.7% · poverty 10.1% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 38232, Weakley County TN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in this rural Tennessee area are generally low and stable, consistent with regional trends for small-town communities.
Schools serving this area are part of the Weakley County School District, which provides standard public education services for the region.
The area is subject to standard regional risks including severe thunderstorms and occasional tornado activity; flood risk is localized to specific low-lying areas near water bodies.
Economic momentum is modest, driven primarily by local agriculture, small-scale retail, and regional manufacturing hubs in nearby towns.
Property taxes are assessed at the county level by Weakley County; there is no state-level personal income tax in Tennessee.
Commutes are primarily car-dependent, with residents traveling to nearby employment centers in Martin or Dresden via state highways.
Recreation is centered on outdoor activities, including local parks, fishing spots, and community-based sports facilities within a short drive.
The rental market is limited in depth, consisting mostly of single-family homes with low turnover and stable, modest rent growth.
The economy is anchored by agricultural production and small-scale manufacturing, with significant employment ties to the broader Weakley County region.
Transportation is entirely reliant on private vehicles, with no public transit infrastructure available in this rural area.
There are no major large-scale commercial or residential developments currently approved or under construction in this ZIP.
The Weakley County Assessor of Property manages assessments based on periodic reappraisal cycles to ensure equitable taxation.
Parcels are subject to county-wide school and general fund tax levies; no major MUD or PID districts are present.
Property insurance premiums are stable but reflect regional exposure to severe weather events common in West Tennessee.
Tennessee continues to see net positive domestic migration, though this rural ZIP experiences slower growth compared to urban centers.
Tennessee is a non-judicial foreclosure state, allowing for relatively efficient processing of defaults.
Sellers are required to provide a residential property condition disclosure form, though 'as-is' sales are common.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Reelfoot Lake State Park4.77.9 mi
- Reelfoot National Wildlife Refuge4.78.1 mi
- Reelfoot Lake Tourism Council4.68.2 mi
- Discovery Park of America4.815.1 mi
- Reelfoot Lake State Park4.77.9 mi
- Reelfoot National Wildlife Refuge4.78.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides local green space and community recreation areas.
Serves as a hub for local youth sports and community gatherings.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.