The story of this market
The typical home in ZIP 38080 sells for about $83,136, or $68 per square foot.
Prices are down 3.5% from a year ago, which gives buyers more room to negotiate. Homes take about 76 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $583 a month.
ZIP 38080 — Ridgely
The housing market in 38080 is characterized by very low inventory and low median home values, reflecting its rural Tennessee location. Market activity is limited, with pricing remaining stable relative to the broader regional trends.
This ZIP code is primarily suited for local residents and those seeking a low-cost, rural lifestyle in Tennessee.
Median prices moved down 3.5% year over year.
Homes spend a median of 76 days on market with 0.1 months of supply — a fast-moving market.
26% of listings have cut prices · homes sell at 97.1% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.5% · poverty 31.5% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 38080, Lake 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 Lake County, Tennessee, based on local millage rates applied to the appraised value of residential property.
The average commute time for residents in this ZIP code is approximately 23.5 minutes.
Local recreation is centered around the rural landscape of Lake County, including proximity to Reelfoot Lake.
The rental market is characterized by low median asking rents and limited inventory typical of a rural Tennessee community.
The local economy is primarily driven by rural industries and services within Lake County.
Transportation is primarily reliant on personal vehicles due to the rural nature of the geography.
The Lake County Assessor of Property manages the assessment of real property for tax purposes.
Parcels are subject to Lake County and local municipal tax jurisdictions.
Data sourced from Simplemaps US Zips Comprehensive Database and ACS 2024 estimates.
A major regional landmark known for fishing and wildlife observation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.