Interested in purchasing investment houses in the 38560 zip code in Elmwood, TN?
The zip code 38560 is in Smith county with a latitude of -85.870150000000 and longitude of 36.233170000000, is in the state of Tennessee. The average asking price of houses and condos is $133,227.00 and the average sale price was $41,563.00. this regions is classified as the Nashville metro area and consists of the following area codes: 615 and 629. The location in degrees is 36° 13' 59.412" N, 85° 52' 12.54" W. The county F.I.P.S. is 47159. The total land area is 34.0 square miles and the water area is 3.9 square miles. The elevation in this area is 545 - 804 feet. The zip code is on central standard time and observes daylight savings time.
The zip 38560 is in county number 159 and is L. Sector 00, L. Segment 01, H. Sector 59, and H. Segment 59. The population was 1,420 in 2019 and 1,425 in 2010. This further breaks down to 603 males (42.5%) and 817 females (57.5%). The median age of residents is 45.1 years. The population of the greater Nashville-Davidson--Murfreesboro, TN area is 1,608,074. The population density (people per square mile) is 42. This zip code has a combined total of 743 houses and condos. There are 96 rented appartments. 18% of residents rent versus the 18% 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 $40,159 and the average salary is $35,850. The median household income of individuals is $45,660.00 and the average is $48,500.00. This zip code has a mean commute time to work of 38.5 minutes. The unemployment rate is 9.3%. Income earners by percent breakdown as 55.90% (Under $50,000), 36.00% ($50,000-$100,000), and 8.10% earn over $100,000. 22.0% of residents live below poverty line versus the 13.9% in the state that are below this line. The cost of living index is 79.1. The educational breakdown is 76.2% have a high school education or higher, 13.8% have a bachelor's degree or higher, and 2.6% have some kind of profesional degree.
This area has 540 households and the average size is 2.7 people. Individuals who are single and have never been married are 17.3%, 51.6% are now married, 1.8% are separated, 9.1% are widowed, and 20.1% are divorced. The average yearly contribution amount given by people to charity was $3,650 versus the state average of $6,709. The percent of residents who gave to charity was 7.8%.
The estimated median value of houses and condos is $132,137. The median monthly owner costs of mortgage holders was $1,304, where as the costs for those who don't have a mortgage are $329. The median number of rooms in houses and condos are 6.3 versus apartments which had a median number of 5.8.
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 $883. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.5% which amounted to an average tax amount of $515. Reported taxable interest for persons was $481, dividends $1,950, capital gains +$1,757, and itemized deductions $15,933. The average earned income tax credit is $2,225. The percent of individuals that use a tax preparer is 68.6%. The total average income taxes paid by individuals was $2,467. Businesses reported an average profit of $7,657.
Golden Nugget
374 Cookeville Hwy, Carthage, TN 37030 (4.9 miles away)
The Timberloft
470 Gordonsville Hwy, Gordonsville, TN 38563 (7.6 miles away)
Pleasant Shade Cafe
725 Pleasant Shade Hwy, Pleasant Shade, TN 37145 (7.9 miles away)
Granville Market & Deli
6789 Granville Hwy, Granville, TN 38564 (8 miles away)
Coppertop Restaurant
450 Cove Hollow Cir, Lancaster, TN 38569 (9.8 miles away)
Charley's Bar-B-Q
84 Wilburn Hollow Rd, Riddleton, TN 37151 (11.6 miles away)
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