Interested in purchasing investment houses in the 38357 zip code in Michie, TN?
The zip code 38357 is in both McNairy and Hardin counties with a latitude of -88.415460000000 and longitude of 35.045830000000, is in the state of Tennessee. The average asking price of houses and condos is $116,032.00 and the average sale price was $73,143.00. this regions is classified as the Memphis metro area and is in the 731 area code. The location in degrees is 35° 2' 44.988" N, 88° 24' 55.656" W. The county F.I.P.S. is 47109. This zip code contains two cities including Michie, TN (9.13%), and Guys, TN (0.05%) The total land area is 61.6 square miles and the water area is 0.0 square miles. The elevation in this area is 417 - 525 feet. The zip code is on central standard time and observes daylight savings time.
The zip 38357 is in county number 109 and is L. Sector 00, L. Segment 01, H. Sector 20, and H. Segment 20. The population was 2,792 in 2019 and 2,757 in 2010. This further breaks down to 1,362 males (48.8%) and 1,429 females (51.2%). The median age of residents is 47.8 years. The population density (people per square mile) is 45. This zip code has a combined total of 1,391 houses and condos. There are 232 rented appartments. 22% of residents rent versus the 22% 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 $38,584 and the average salary is $34,995. The median household income of individuals is $34,501.00 and the average is $47,580.00. This zip code has a mean commute time to work of 26.6 minutes. The unemployment rate is 4.7%. Income earners by percent breakdown as 66.00% (Under $50,000), 26.40% ($50,000-$100,000), and 7.50% earn over $100,000. 15.7% of residents live below poverty line versus the 13.9% in the state that are below this line. The cost of living index is 78.9. The educational breakdown is 77.8% have a high school education or higher, 10.1% have a bachelor's degree or higher, and 3.3% have some kind of profesional degree.
This area has 1,118 households and the average size is 2.6 people. Individuals who are single and have never been married are 22.4%, 55.4% are now married, 1.4% are separated, 8.5% are widowed, and 12.3% are divorced. The average yearly contribution amount given by people to charity was $4,746 versus the state average of $6,709. The percent of residents who gave to charity was 11.6%.
The estimated median value of houses and condos is $126,608. The median monthly owner costs of mortgage holders was $1,033, where as the costs for those who don't have a mortgage are $400. The median number of rooms in houses and condos are 6.4 versus apartments which had a median number of 4.9.
The real estate tax percent rate is 0.5% which equated to an average real estate tax amount payment of $647. 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 0.5% which amounted to an average tax amount of $717. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.7% which amounted to an average tax amount of $569. Reported taxable interest for persons was $870, dividends $775, capital gains +$1,600, and itemized deductions $18,328. The average earned income tax credit is $2,488. The percent of individuals that use a tax preparer is 69.6%. The total average income taxes paid by individuals was $3,044. Businesses reported an average profit of $10,229.
Top O' The River
5831 Highway 57 E, Michie, TN 38357
Jenkins, Wayne
New Hope Rd, Michie, TN 38357
Monterey Cafe
6017 Highway 22 S, Michie, TN 38357
Catfish Hotel
1140 Hagy Ln, Shiloh, TN 38376 (6.5 miles away)
The Corner BBQ & More
6237 Shiloh Adamsville Rd, Stantonville, TN 38379 (8.3 miles away)
Freddy T's
12750 Highway 57, Counce, TN 38326 (8.4 miles away)
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