The story of this market
The typical home in ZIP 38059 sells for about $197,000, or $115 per square foot.
Prices are up +66.6% from a year ago, so sellers still have some momentum. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $851 a month.
ZIP 38059 — Newbern
The housing market in 38059 is currently experiencing moderate activity with a significant year-over-year price increase, likely driven by low inventory levels. Sales volume remains low, reflecting a stable but quiet market environment for buyers and sellers.
This ZIP is best suited for budget-conscious family buyers and local workers seeking affordable housing in a small-town setting.
Median prices moved up 66.6% year over year.
Homes spend a median of 58 days on market with 3.2 months of supply — a fast-moving market.
15% 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 2.4% · poverty 12.2% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 38059, Dyer 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.
Property taxes are assessed at the county level in Dyer County, Tennessee, based on the appraised value and the local tax rate; exemptions for elderly or disabled residents may apply.
Residents typically rely on personal vehicles for commuting, with access to local highways connecting to regional employment hubs in Dyersburg.
The area features local parks and community spaces within Newbern, with proximity to rural outdoor recreation and small-town shopping.
The rental market is characterized by limited inventory and modest demand, primarily serving local workers and families.
The local economy is primarily driven by agriculture, manufacturing, and small-scale retail services.
Transportation is primarily automobile-dependent with limited public transit options.
Parcels are subject to Dyer County property taxes and local school district levies.
Data retrieved from data.census.gov ZCTA 38059 profile.
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.
Local community park providing green space and recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.