ZIP Code Market Report
38477 — Prospect, TN
Data through February 2026 · Updated monthly
Avg Home Value
$244,244
▲ 4.1% year-over-year
Month-over-Month
-0.4%
▼ 0.4%
Single Family
$244,323
Condo / Co-op
--
The average home value in the 38477 ZIP code (Prospect, TENNESSEE) is $244,244 as of February 2026. Home prices are rising, up 4.1% compared to last year.
A 3-bedroom home in 38477 is valued at $240,130.
The market in 38477 has a $316,682 spread between bottom-tier homes at $128,374 and top-tier homes at $445,057. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
This report is part of the Giles County market area in TENNESSEE. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Giles County report.
Free Home Value Estimate
What's your home worth in 38477 (Prospect)?
Get a free estimate based on recent sales and market data in your neighborhood. See how your home compares.
Free · Takes 30 seconds · Based on real sale data
Market Snapshot
38477 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $246,866 | $245,327 | $244,244 | ▼ 1.1% |
| Single Family Value | $240,420 | $243,009 | $244,323 | ▲ 1.6% |
Home Values
38477 Home Value Trend
Historical home values for ZIP code 38477. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 38477
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 3 Bedrooms | $240,130 |
Property Types
Home Values by Property Type in 38477
How different property types compare in this ZIP code.
All Homes
$244,244
Single Family
$244,323
Bottom Tier
$128,374
Top Tier
$445,057
Data Sources and Methodology
Home value data for ZIP code 38477 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
Investing in Prospect?
Run your ARV and MAO instantly with live market data