ZIP 38017 - 860Z200US38017 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 38017, located in the thriving Collierville area of Tennessee, this demographic and housing snapshot offers a clear picture of the community as of 2023. With a robust population, strong income levels, and a diverse cultural makeup, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you understand what makes ZIP 38017 stand out.

Population & Households

ZIP 38017 is home to 56,427 residents, making it a sizable and vibrant community. This population is distributed across 19,969 households, reflecting a strong residential base. With 20,850 total housing units in the area, there’s a slight surplus of homes compared to households, which could indicate availability for new residents or investors looking to enter the market. This balance suggests a stable community with room for growth, ideal for those seeking a long-term home or business location.

Income & Housing Costs

One of the standout features of ZIP 38017 is its economic strength, with a median household income of $135,946. This figure points to a prosperous area where residents have significant purchasing power, a key consideration for businesses targeting affluent customers. On the housing front, the median home value is $469,600, reflecting a high-demand real estate market. For renters, the median rent stands at $1,489 per month, which aligns with the area’s upscale profile. These numbers suggest that while entry costs are high, the potential for return on investment—whether through property appreciation or business revenue—could be substantial.

Race & Ethnicity

The cultural fabric of ZIP 38017 is diverse, offering a welcoming environment for a variety of residents and businesses. The racial composition includes 68.47% White, 11.3% Black, 12.1% Asian, and 4.62% Hispanic residents. This diversity can be a significant draw for families seeking inclusive communities and for businesses aiming to serve a broad customer base. Understanding this mix can help investors and entrepreneurs tailor their strategies to meet the needs of different demographic groups in the area.

Key Facts

• Total population: 56,427, indicating a large and active community.
• Total households: 19,969, showing a strong residential foundation.
• Total housing units: 20,850, suggesting some availability for new occupants.
• Median household income: $135,946, highlighting economic prosperity.
• Median home value: $469,600, reflecting a premium real estate market.
• Median rent: $1,489, consistent with an upscale rental market.
• Diverse population: 68.47% White, 11.3% Black, 12.1% Asian, 4.62% Hispanic.

What This Means for You

For homebuyers, ZIP 38017 offers a prosperous and diverse community with high-quality housing, though the median home value of $469,600 means you’ll need to budget for a premium market. The strong median income of $135,946 suggests neighbors with financial stability, often correlating with well-maintained properties and good schools. Real estate investors and agents will find opportunity in the slight surplus of housing units (20,850 vs. 19,969 households), which could mean room to buy or flip properties, especially given the area’s high property values and potential for appreciation. Small-business owners should note the affluent demographic and diverse population—perfect for niche markets or services catering to varied cultural needs. Analysts can use these metrics to benchmark ZIP 38017 against other areas, identifying trends in income, housing, and diversity that signal growth potential.

Run This Study Yourself

Want to dive deeper into ZIP 38017 or compare it with another area? Follow these steps to get tailored insights:

• Visit ZipcodeGPT to access powerful demographic and housing analysis tools.
• Enter any ZIP code to uncover detailed population, income, and real estate data.
• Use the insights to make informed decisions for your home purchase, investment, or business strategy.