ZIP Code 38501

In ZIP code 38501, which covers Cookeville, homes carry a median value of $284,600 while the county's effective property tax rate sits at 0.48%. That rate translates to roughly $1,366 in annual property taxes on a median-valued home. With median household income at $52,145 and per-capita income at $29,719, that tax bill equals about 2.6% of household earnings. Combined with a 9.75% sales tax rate, housing costs and consumption taxes together claim a meaningful share of local paychecks, making homeownership here a question of income as much as price.