ZIP Code · TN

ZIP 38237

Part of Martin, TN

Pop. 15,627·Weakley County·140th most expensive ZIP in Tennessee

Median rent (all units)

$961/mo

Year-over-Year

Stable

Month-over-Month

+3.3%

vs US Median

-$971

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 38237 · $961

More affordable than 98% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$750

1 BR

$750

2 BR

$980

3 BR

$1,190

4 BR+

$1,640

Research median

$980/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: August 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($51,670) is $1,292 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,190); a 4-bedroom is $1,640.

From Zillow's monthly rent index (ZORI) for ZIP 38237. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$11,532/yr

At $961/mo median

Location

CityMartin

StateTN

CountyWeakley County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+0.0% YoY, +3.3% MoM), not inventory.

Demographics

Who lives here

ZIP 38237 (Martin, TN) is majority owner-occupied, skews toward younger working-age adults, has a median income below the national average, 29% of residents hold a bachelor's degree or higher.

Population

15,627

Median income

$51,670

Median age

31.4

Renters

44.6%

Age distribution

16.4%

38.1%

17.5%

12.6%

15.4%

Under 1816.4%

18–3438.1%

35–5417.5%

55–6412.6%

65+15.4%

Gender

49.6%

50.4%

Male49.6%

Female50.4%

Race & ethnicity

76.2%

14.2%

White76.2%

Black14.2%

Hispanic3.9%

Asian2.5%

Other3.2%

Education (25+)

39.3%

22.9%

29%

No HS diploma8.8%

HS diploma39.3%

Some college22.9%

Bachelor's+29%

Housing tenure

55.4%

44.6%

Owner55.4%

Renter44.6%

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

2021 vs 2026

How ZIP 38237 in Martin, TN has changed in 5 years

Income

$45,407 → $51,670

up 13.8%

Population

15,091 → 15,627

up 3.6%

Renter share

42.4% → 44.6%

+2.2 pts

Bachelor's+

27.7% → 29%

+1.3 pts

Median age

32.7 → 31.4

-1.3 yrs

Local incomes tracked alongside that move, going from a median of $45,407 in 2021 to $51,670 more recently. Census counts show ZIP 38237 in Martin, TN adding about 536 residents over the five-year window, up 3.6% on net. The renter share has risen from 42.4% to 44.6%, with owner-occupied housing accounting for the remainder.

Community

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Local insights

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About renting in ZIP 38237

Last updated: August 17, 2026

ZIP code 38237 covers Martin, TN. The median rent here is $961/mo as of August 2026. A 1-bedroom rents for a median of $750/mo. A 2-bedroom rents for a median of $980/mo.

At 22% of local median household income ($51,670/yr), ZIP 38237 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 38237?

To keep rent at or below 30% of gross income, you would need to earn at least $38,000/year (about $18/hour full-time) to afford the median rent of $961/mo in ZIP 38237. The local median household income is $51,670/yr, so the typical household meets that bar.