Interested in purchasing investment houses in the 38361 zip code in Morris Chapel, TN?
The zip code 38361 is in both Hardin and McNairy counties with a latitude of -88.284990000000 and longitude of 35.317600000000, is in the state of Tennessee. The average asking price of houses and condos is $134,529.00 and the average sale price was $46,211.00. this regions is classified as the Jackson metro area and is in the 731 area code. The location in degrees is 35° 19' 3.36" N, 88° 17' 5.964" W. The county F.I.P.S. is 47071. The total land area is 40.6 square miles and the water area is 1.1 square miles. The elevation in this area is 390 - 505 feet. The zip code is on central standard time and observes daylight savings time.
The zip 38361 is in county number 071 and is L. Sector 00, L. Segment 01, H. Sector 18, and H. Segment 18. The population was 957 in 2019 and 994 in 2010. This further breaks down to 424 males (44.3%) and 532 females (55.7%). The median age of residents is 47.5 years. The population density (people per square mile) is 24. This zip code has a combined total of 656 houses and condos. There are 61 rented appartments. 16% of residents rent versus the 16% 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 $36,038 and the average salary is $32,419. The median household income of individuals is $33,168.00 and the average is $46,220.00. This zip code has a mean commute time to work of 30.8 minutes. The unemployment rate is 5.3%. Income earners by percent breakdown as 75.10% (Under $50,000), 21.10% ($50,000-$100,000), and 3.80% earn over $100,000. 10.2% 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 87.2% have a high school education or higher, 26.6% have a bachelor's degree or higher, and 7.2% have some kind of profesional degree.
This area has 386 households and the average size is 2.4 people. Individuals who are single and have never been married are 14.2%, 64.5% are now married, 0.0% are separated, 5.4% are widowed, and 15.8% are divorced. The average yearly contribution amount given by people to charity was $2,400 versus the state average of $6,709. The percent of residents who gave to charity was 7.7%.
The estimated median value of houses and condos is $133,464. The median monthly owner costs of mortgage holders was $1,002, where as the costs for those who don't have a mortgage are $341. The median number of rooms in houses and condos are 7.0 versus apartments which had a median number of 6.3.
The real estate tax percent rate is 0.5% which equated to an average real estate tax amount payment of $691. 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 $619. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.6% which amounted to an average tax amount of $772. Reported taxable interest for persons was $708 and itemized deductions $17,540. The average earned income tax credit is $2,700. The percent of individuals that use a tax preparer is 66.7%. The total average income taxes paid by individuals was $2,920. Businesses reported an average profit of $11,833.
Poppy's BBQ
3250 Us Highway 64, Crump, TN 38327 (5.8 miles away)
Milledgeville Cafe
7 Main St, Milledgeville, TN 38359 (6 miles away)
Smoke House Barbeque & Grill
121 N Maple St, Adamsville, TN 38310 (6.3 miles away)
Main Street Grill
48085 Highway 69, Saltillo, TN 38370 (6.7 miles away)
Sardis Diner
34883 Highway 104 S, Sardis, TN 38371 (9.4 miles away)
Rowdy's Steakhouse
18810 Highway 69 S, Savannah, TN 38372 (9.6 miles away)
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