38240 — Obion, TN Home Values
Typical home value $162,340 as of June 2026 · 5th of 7 in Union City, TN
Blue: typical home value (Zillow ZHVI) in ZIP code 38240, June 2021 to June 2026. This page shows observed data only; no forecast.
How 38240 compares in the Union City, TN area
ZIP code 38240 (Obion, TN) has a typical home value of $162,340 as of June 2026, ranking 5th of 7 ZIP codes tracked in the Union City, TN area, more expensive than about 43% of ZIP codes in the metro. Prices here have moved +6.4% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +31.6%, from $123,399 in June 2021 to $162,340 in June 2026.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Union City, TN forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Union City.
Population and demographics
ZIP code 38240 has a population of 1,760, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 87.9% White, 4.3% Black or African American, 4.2% two or more races, 3.1% Hispanic or Latino, 0.3% Asian, and 0.2% American Indian or Alaska Native.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Black Oak Elementary | 365 North Shawtown RD, Hornbeak, TN | 6.9 mi |
| Trimble Elementary | 256 College ST, Trimble, TN | 8.1 mi |
| Lara Kendall Elementary | 200 College ST, Ridgely, TN | 9.2 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 38240?
$162,340 as of June 2026, the latest month Zillow has published observed data for.
Is 38240 an expensive ZIP code in the Union City, TN area?
38240 ranks 5th of 7 ZIP codes in the Union City, TN area by typical home value, more expensive than about 43% of ZIP codes in the metro.
How much have home values in 38240 changed over the past year?
+6.4% over the trailing 12 months, from observed Zillow data.
What is the population of ZIP code 38240?
1,760, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 38240?
Black Oak Elementary (6.9 mi), Trimble Elementary (8.1 mi), Lara Kendall Elementary (9.2 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 38240?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Union City, TN forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.