Interested in purchasing investment houses in the 38585 zip code in Spencer, TN?
The zip code 38585 is in Van Buren county with a latitude of -85.426680000000 and longitude of 35.693550000000, is in the state of Tennessee. The average asking price of houses and condos is $208,828.00 and the average sale price was $83,552.00. this regions is classified as the Nashville metro area and is in the 931 area code. The location in degrees is 35° 41' 36.78" N, 85° 25' 36.048" W. The county F.I.P.S. is 47175. The total land area is 165.8 square miles and the water area is 0.3 square miles. The elevation in this area is 994 - 1900 feet. The zip code is on central standard time and observes daylight savings time.
The zip 38585 is in county number 175 and is L. Sector 00, L. Segment 01, H. Sector 14, and H. Segment 14. The population was 4,063 in 2019 and 3,717 in 2010. This further breaks down to 2,030 males (50.0%) and 2,033 females (50.0%). The median age of residents is 45.5 years. The population density (people per square mile) is 25. This zip code has a combined total of 1,862 houses and condos. There are 364 rented appartments. 25% of residents rent versus the 25% 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 $35,714 and the average salary is $30,567. The median household income of individuals is $33,442.00 and the average is $42,080.00. This zip code has a mean commute time to work of 30.9 minutes. The unemployment rate is 8.1%. Income earners by percent breakdown as 68.40% (Under $50,000), 27.20% ($50,000-$100,000), and 4.40% earn over $100,000. 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 78.1. The educational breakdown is 74.8% have a high school education or higher, 5.7% have a bachelor's degree or higher, and 2.6% have some kind of profesional degree.
This area has 1,474 households and the average size is 2.7 people. Individuals who are single and have never been married are 21.1%, 50.7% are now married, 2.0% are separated, 10.4% are widowed, and 15.7% are divorced. The average yearly contribution amount given by people to charity was $4,573 versus the state average of $6,709. The percent of residents who gave to charity was 7.5%.
The estimated median value of houses and condos is $102,724. The median monthly owner costs of mortgage holders was $938, where as the costs for those who don't have a mortgage are $306. The median number of rooms in houses and condos are 5.8 versus apartments which had a median number of 4.9.
The real estate tax percent rate is 0.4% which equated to an average real estate tax amount payment of $461. 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 0.4% which amounted to an average tax amount of $533. 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 $408. Reported taxable interest for persons was $805, dividends $2,320, capital gains +$9,373, and itemized deductions $20,227. The average earned income tax credit is $2,263. The percent of individuals that use a tax preparer is 64.6%. The total average income taxes paid by individuals was $3,247. Businesses reported an average profit of $7,238.
Old Times Cafe
467 College St, Spencer, TN 38585
Rita's Cafe Market
1075 Drake And Shockley St, Spencer, TN 38585
Sandy's Pizza Pit
158 Spring St, Spencer, TN 38585
Subway
15617 State Route 111, Spencer, TN 38585
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