38560 — Elmwood, TN Home Values
Typical home value $304,515 as of August 2026 · 92nd of 102 in Nashville-Davidson--Murfreesboro--Franklin, TN
Blue: typical home value (Zillow ZHVI) in ZIP code 38560, August 2021 to August 2026. This page shows observed data only; no forecast.
How 38560 compares in the Nashville-Davidson--Murfreesboro--Franklin, TN area
ZIP code 38560 (Elmwood, TN) has a typical home value of $304,515 as of August 2026, ranking 92nd of 102 ZIP codes tracked in the Nashville-Davidson--Murfreesboro--Franklin, TN area, more expensive than about 11% of ZIP codes in the metro. Prices here have moved +7.7% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +27.3%, from $239,151 in August 2021 to $304,515 in August 2026.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Nashville-Davidson--Murfreesboro--Franklin, TN forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Nashville.
Population and demographics
ZIP code 38560 has a population of 1,639, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 95.7% White, 2.2% two or more races, 1.6% Asian, and 0.5% Hispanic or Latino.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Forks River Elementary | 611 Cookeville HWY, Elmwood, TN | 0.9 mi |
| Smith County Middle School | 134 Smith County Middle School LN, Carthage, TN | 5.1 mi |
| Carthage Elementary | 149 Skyline DR, Carthage, TN | 5.1 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 38560?
$304,515 as of August 2026, the latest month Zillow has published observed data for.
Is 38560 an expensive ZIP code in the Nashville-Davidson--Murfreesboro--Franklin, TN area?
38560 ranks 92nd of 102 ZIP codes in the Nashville-Davidson--Murfreesboro--Franklin, TN area by typical home value, more expensive than about 11% of ZIP codes in the metro.
How much have home values in 38560 changed over the past year?
+7.7% over the trailing 12 months, from observed Zillow data.
What is the population of ZIP code 38560?
1,639, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 38560?
Forks River Elementary (0.9 mi), Smith County Middle School (5.1 mi), Carthage Elementary (5.1 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 38560?
No. Every number on this page is observed Zillow data as of August 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Nashville-Davidson--Murfreesboro--Franklin, 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.