Interested in purchasing investment houses in the 38109 zip code in Memphis, TN?
The zip code 38109 is in both Shelby and Crittenden counties with a latitude of -90.149470000000 and longitude of 35.033940000000, is in the state of Tennessee. The average asking price of houses and condos is $54,013.00 and the average sale price was $45,262.00. this regions is classified as the Memphis metro area and is in the 901 area code. The location in degrees is 35° 2' 2.184" N, 90° 8' 58.092" W. The county F.I.P.S. is 47157. The total land area is 67.3 square miles and the water area is 2.8 square miles. The elevation in this area is 190 - 292 feet. The zip code is on central standard time and observes daylight savings time.
The zip 38109 is in county number 157 and is L. Sector 00, L. Segment 01, H. Sector 16, and H. Segment 16. The population was 45,400 in 2019 and 46,594 in 2010. Of this, the break down in 2019 was 45,071 urban and 328 rural. This further breaks down to 21,269 males (46.8%) and 24,132 females (53.2%). The median age of residents is 42.0 years. The population of the greater Memphis, TN-MS-AR area is 1,325,833. The population density (people per square mile) is 674. This zip code has a combined total of 20,109 houses and condos. There are 6,927 rented appartments. 42% of residents rent versus the 42% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $25,641 and the average salary is $23,973. The median household income of individuals is $35,870.00 and the average is $28,330.00. This zip code has a mean commute time to work of 25.5 minutes. The unemployment rate is 13.3%. Income earners by percent breakdown as 64.80% (Under $50,000), 28.50% ($50,000-$100,000), and 6.70% earn over $100,000. 24.0% of residents live below poverty line versus the 13.9% in the state that are below this line. The cost of living index is 84.8. The educational breakdown is 83.6% have a high school education or higher, 14.2% have a bachelor's degree or higher, and 5.2% have some kind of profesional degree.
This area has 16,635 households and the average size is 2.7 people. Individuals who are single and have never been married are 45.3%, 29.2% are now married, 4.3% are separated, 9.1% are widowed, and 12.0% are divorced. The average yearly contribution amount given by people to charity was $5,918 versus the state average of $6,709. The percent of residents who gave to charity was 14.8%.
The estimated median value of houses and condos is $77,071. The median monthly owner costs of mortgage holders was $939, where as the costs for those who don't have a mortgage are $395. The median number of rooms in houses and condos are 6.2 versus apartments which had a median number of 5.4.
The real estate tax percent rate is 1.5% which equated to an average real estate tax amount payment of $1,160. In comparision, the average real estate tax percent rate in the state is 0.6% which equated to an average real estate tax amount payment in the state of $1,220. The median housing property tax percent for residents with mortgages was 1.5% which amounted to an average tax amount of $1,263. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.5% which amounted to an average tax amount of $1,067. Reported taxable interest for persons was $384, dividends $789, capital gains +$579, and itemized deductions $18,168. The average earned income tax credit is $3,024. The percent of individuals that use a tax preparer is 50.0%. The total average income taxes paid by individuals was $3,378. Businesses reported an average profit of $3,273.
State Line Ribs & Tips
5308 S 3rd St, Memphis, TN 38109
Lucille's Blues and Diner
4460 S 3rd St, Memphis, TN 38109
Angela's Kountry Kitchen
4850 High Point Cv, Memphis, TN 38109
Sgm Phase 1 Restaurant
5308 S 3rd St, Memphis, TN 38109
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