ZIP Code · TN

ZIP 38060

Part of Oakland, TN

Pop. 12,552·Fayette County·17th most expensive ZIP in Tennessee

Median rent (all units)

$2,089/mo

Year-over-Year

+4.3%

Month-over-Month

+1.5%

vs US Median

+$157

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 38060 · $2,089

More expensive than 66% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,200

1 BR

$1,330

2 BR

$1,510

3 BR

$1,980

4 BR+

$2,310

Research median

$1,510/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 38060 is at its highest level since Zillow's records here began in November 2022.

Past year vs. the rest of Tennessee

Rent in ZIP 38060 changed +4.3% over the year to September 2026. Across the 127 Tennessee ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent has risen 2 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($92,338) is $2,308 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,980); a 4-bedroom is $2,310.

From Zillow's monthly rent index (ZORI) for ZIP 38060. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$25,068/yr

At $2,089/mo median

Location

CityOakland

StateTN

CountyFayette County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 4.3% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+4.3% YoY, +1.5% MoM), not inventory.

Demographics

Who lives here

ZIP 38060 (Oakland, TN) is majority owner-occupied, has a median income above the national average, 31.3% of residents hold a bachelor's degree or higher.

Population

12,552

Median income

$92,338

Median age

42.3

Renters

13.8%

Age distribution

19%

20.8%

25.6%

15.7%

18.9%

Under 1819%

18–3420.8%

35–5425.6%

55–6415.7%

65+18.9%

Gender

49.2%

50.8%

Male49.2%

Female50.8%

Race & ethnicity

65.1%

28.9%

White65.1%

Black28.9%

Hispanic2.5%

Other3.4%

Education (25+)

32.3%

32.6%

31.3%

No HS diploma3.8%

HS diploma32.3%

Some college32.6%

Bachelor's+31.3%

Housing tenure

86.2%

13.8%

Owner86.2%

Renter13.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How ZIP 38060 in Oakland, TN has changed in 5 years

Rent

$1,872 → $2,089

up 11.6%

Income

$69,676 → $92,338

up 32.5%

Population

10,752 → 12,552

up 16.7%

Renter share

13.1% → 13.8%

+0.7 pts

Bachelor's+

24.4% → 31.3%

+6.9 pts

The median rent in ZIP 38060 in Oakland, TN stood at $1,872 in 2023 and currently runs about $2,089, reflecting a 11.6% increase over the period. On the earnings side, the typical household in ZIP 38060 in Oakland, TN now reports about $92,338, up from $69,676 in 2021. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 16.7% since 2021, moving from about 10,752 residents to roughly 12,552. College-educated residents now make up 31.3% of adults here, versus 24.4% in 2021. For context, the 2023 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 38060 in Oakland, TN reflects that arc in its own way.

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About renting in ZIP 38060

Last updated: October 17, 2026

ZIP code 38060 covers Oakland, TN. The median rent here is $2,089/mo as of October 2026. A 1-bedroom rents for a median of $1,330/mo. A 2-bedroom rents for a median of $1,510/mo.

At 27% of local median household income ($92,338/yr), ZIP 38060 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 38060?

To keep rent at or below 30% of gross income, you would need to earn at least $84,000/year (about $40/hour full-time) to afford the median rent of $2,089/mo in ZIP 38060. The local median household income is $92,338/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 38060?

Rent in ZIP 38060 has risen 4.3% over the past year as of September 2026. That is the highest level since Zillow's records here began in November 2022.

How does ZIP 38060 compare to other ZIPs in Tennessee?

ZIP 38060 is one of the pricier among Tennessee ZIP codes for rent, ranking #17 of 147 at $2,089/mo. Over the year to September 2026, rent in ZIP 38060 changed +4.3%, against a typical +1.8% across the 127 Tennessee ZIP codes Zillow tracks.