38506 — Cookeville, TN Home Values
Typical home value $345,604 as of June 2026 · 2nd of 18 in Cookeville, TN
Blue: typical home value (Zillow ZHVI) in ZIP code 38506, June 2021 to June 2026. This page shows observed data only; no forecast.
How 38506 compares in the Cookeville, TN area
ZIP code 38506 (Cookeville, TN) has a typical home value of $345,604 as of June 2026, ranking 2nd of 18 ZIP codes tracked in the Cookeville, TN area, more expensive than about 94% of ZIP codes in the metro. Prices here have moved +1.6% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +31.4%, from $262,989 in June 2021 to $345,604 in June 2026. Against observed rent, the typical home here sells for 15.8× the annual rent ($1,818/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 Cookeville, TN forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Cookeville.
Population and demographics
ZIP code 38506 has a population of 29,657, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 92.8% White, 4.2% Hispanic or Latino, 1.1% two or more races, 1% Asian, 0.8% Black or African American, and 0.2% American Indian or Alaska Native.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| White Plains Academy | 288 E. Main ST, Algood, TN | 1 mi |
| Putnam Co Adult High School | 268 East Main ST, Cookeville, TN | 1 mi |
| Algood Elementary | 2525 Old Walton RD, Algood, TN | 1.3 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 38506?
$345,604 as of June 2026, the latest month Zillow has published observed data for.
Is 38506 an expensive ZIP code in the Cookeville, TN area?
38506 ranks 2nd of 18 ZIP codes in the Cookeville, TN area by typical home value, more expensive than about 94% of ZIP codes in the metro.
How much have home values in 38506 changed over the past year?
+1.6% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 38506?
The typical home price is 15.8× the observed annual rent in this ZIP code ($1,818/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 38506?
29,657, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 38506?
White Plains Academy (1 mi), Putnam Co Adult High School (1 mi), Algood Elementary (1.3 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 38506?
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 Cookeville, 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.