Interested in purchasing investment houses in the 38135 zip code in Memphis, TN?
The zip code 38135 is in Shelby county with a latitude of -89.849370000000 and longitude of 35.238180000000, is in the state of Tennessee. The average asking price of houses and condos is $158,900.00 and the average sale price was $133,777.00. this regions is classified as the Memphis metro area and is in the 901 area code. The location in degrees is 35° 14' 17.448" N, 89° 50' 57.732" W. The county F.I.P.S. is 47157. This zip code contains two cities including Bartlett, TN (71.02%), and Memphis, TN (4.89%) The total land area is 12.8 square miles and the water area is 0.1 square miles. The elevation in this area is 279 - 302 feet. The zip code is on central standard time and observes daylight savings time.
The zip 38135 is in county number 157 and is L. Sector 02, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 29,693 in 2019 and 30,657 in 2010. Of this, the break down in 2019 was 29,219 urban and 473 rural. This further breaks down to 14,378 males (48.4%) and 15,315 females (51.6%). The median age of residents is 43.4 years. The population of the greater Memphis, TN-MS-AR area is 1,325,833. The population density (people per square mile) is 2,321. This zip code has a combined total of 11,369 houses and condos. There are 1,846 rented appartments. 17% of residents rent versus the 17% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $57,955 and the average salary is $53,020. The median household income of individuals is $77,317.00 and the average is $63,220.00. This zip code has a mean commute time to work of 24.8 minutes. The unemployment rate is 3.3%. Income earners by percent breakdown as 22.70% (Under $50,000), 47.00% ($50,000-$100,000), and 30.30% earn over $100,000. 4.9% of residents live below poverty line versus the 13.9% in the state that are below this line. The cost of living index is 86.6. The educational breakdown is 95.3% have a high school education or higher, 34.9% have a bachelor's degree or higher, and 13.8% have some kind of profesional degree.
This area has 10,971 households and the average size is 2.7 people. Individuals who are single and have never been married are 26.2%, 57.4% are now married, 1.6% are separated, 4.9% are widowed, and 9.7% are divorced. The average yearly contribution amount given by people to charity was $5,349 versus the state average of $6,709. The percent of residents who gave to charity was 34.5%.
The estimated median value of houses and condos is $187,535. The median monthly owner costs of mortgage holders was $1,410, where as the costs for those who don't have a mortgage are $529. The median number of rooms in houses and condos are 6.9 versus apartments which had a median number of 5.8.
The real estate tax percent rate is 1.2% which equated to an average real estate tax amount payment of $2,251. 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 1.2% which amounted to an average tax amount of $2,199. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.2% which amounted to an average tax amount of $2,374. Reported taxable interest for persons was $873, dividends $2,547, capital gains +$4,042, and itemized deductions $19,266. The average earned income tax credit is $2,429. The percent of individuals that use a tax preparer is 44.0%. The total average income taxes paid by individuals was $4,483. Businesses reported an average profit of $9,227.
Mulan Chinese Restaurant
6525 Memphis Arlington Rd, Bartlett, TN 38135
Margaret's Family Restaurant
4731 Covington Pike, Memphis, TN 38135
Colton's Steakhouse & Grill
8030 US Highway 64, Memphis, TN 38133 (3.3 miles away)
Grand Pacific Restaurant
6196 Stage Rd, Bartlett, TN 38134 (3.3 miles away)
Lenny's Sub Shop #11
4970 Raleigh Lagrange Rd, Memphis, TN 38128 (5.2 miles away)
Outback Steakhouse
1110 N Germantown Pkwy, Cordova, TN 38016 (6.3 miles away)
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