38242 — Paris, TN Home Values
Typical home value $218,550 as of June 2026 · 4th of 7 in Paris, TN
Blue: typical home value (Zillow ZHVI) in ZIP code 38242, June 2021 to June 2026. This page shows observed data only; no forecast.
How 38242 compares in the Paris, TN area
ZIP code 38242 (Paris, TN) has a typical home value of $218,550 as of June 2026, ranking 4th of 7 ZIP codes tracked in the Paris, TN area, more expensive than about 57% of ZIP codes in the metro. Prices here have moved +7.2% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +45.7%, from $150,043 in June 2021 to $218,550 in June 2026. Against observed rent, the typical home here sells for 21.4× the annual rent ($850/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Paris, TN forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Paris.
Population and demographics
ZIP code 38242 has a population of 19,619, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 83.5% White, 10.3% Black or African American, 3.3% two or more races, 2.3% Hispanic or Latino, 0.4% American Indian or Alaska Native, and 0.2% Asian.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| E. W. Grove School | 215 Grove BLVD, Paris, TN | 1.1 mi |
| W O Inman Middle School | 400 Harrison ST, Paris, TN | 1.1 mi |
| Paris Elementary | 650 B Volunteer DR, Paris, TN | 2.1 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 38242?
$218,550 as of June 2026, the latest month Zillow has published observed data for.
Is 38242 an expensive ZIP code in the Paris, TN area?
38242 ranks 4th of 7 ZIP codes in the Paris, TN area by typical home value, more expensive than about 57% of ZIP codes in the metro.
How much have home values in 38242 changed over the past year?
+7.2% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 38242?
The typical home price is 21.4× the observed annual rent in this ZIP code ($850/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 38242?
19,619, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 38242?
E. W. Grove School (1.1 mi), W O Inman Middle School (1.1 mi), Paris Elementary (2.1 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 38242?
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 Paris, 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.