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| The First and Original 1-800-932-8946 | |
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Investors
Interested in purchasing investment houses in the 38141 zip code in Memphis, TN?
Detailed Demographic Statistics
The zip code 38141 is in Shelby county, is in the state of Tennessee. The total land area is 7.8 square miles and the water area is 0.0 square miles.
The zip 38141 is in county number and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 23,110 in 2019 and 22,462 in 2010. Of this, the break down in 2019 was 23,094 urban and 15 rural. This further breaks down to 10,669 males (46.2%) and 12,441 females (53.8%). The median age of residents is 31.7 years. The population density (people per square mile) is 2,962. This zip code has a combined total of 8,334 houses and condos. There are 2,834 rented appartments. 36% of residents rent versus the 36% of residents in the state who rent.
The average individual gross adjusted income is $32,270 and the average salary is $32,006. The estimated median household income of individuals is around $51,448. This zip code has a mean commute time to work of 22.6 minutes. The unemployment rate is 7.5%. 17.4% of residents live below poverty line versus the 13.9% in the state that are below this line. The cost of living index is 86.1. The educational breakdown is 89.0% have a high school education or higher, 17.3% have a bachelor's degree or higher, and 5.3% have some kind of profesional degree.
The average size of households is 3.0 people. Individuals who are single and have never been married are 46.5%, 35.4% are now married, 2.8% are separated, 3.8% are widowed, and 11.5% are divorced. The average yearly contribution amount given by people to charity was $5,027 versus the state average of $6,709. The percent of residents who gave to charity was 25.6%.
The estimated median value of houses and condos is $109,690. The median monthly owner costs of mortgage holders was $1,132, where as the costs for those who don't have a mortgage are $406. The median number of rooms in houses and condos are 5.8 versus apartments which had a median number of 5.2.
The real estate tax percent rate is 1.5% which equated to an average real estate tax amount payment of $1,644. 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 $1,699. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.4% which amounted to an average tax amount of $1,404. Reported taxable interest for persons was $426, dividends $1,275, capital gains +$384, and itemized deductions $16,706. The average earned income tax credit is $2,881. The percent of individuals that use a tax preparer is 52.0%. The total average income taxes paid by individuals was $3,113. Businesses reported an average profit of $1,588.Local Restaurants
Ken Neely's Hickory Bar-B-Que
7444 Winchester Rd, Memphis, TN 38125 (2.2 miles away)
D & L's Catfish Shack
3706 S Mendenhall Rd, Memphis, TN 38115 (2.5 miles away)
River Oaks Restaurant
5871 Poplar Ave, Memphis, TN 38119 (4.1 miles away)
Yum's Subs
3141 S Perkins Rd, Memphis, TN 38118 (4.8 miles away)
Stoney River
7515 Poplar Ave Ste 101, Germantown, TN 38138 (5.1 miles away)
Steak-Out
Olive Branch, MS 38654 (5.5 miles away)
When my husband passed away suddenly, I was left with a home I had to sell fast. The experts from We Buy Homes dealt with me professionally, fairly, and honestly. I didn’t have to list my house and I didn’t have to deal with strangers walking through my home. And I didn’t have to pay a realtor! They handled everything and that provided the peace of mind I needed during such a difficult time. I highly recommend them!
