ZIP 38305 - 860Z200US38305 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP code 38305, located in Jackson, Tennessee, this demographic and housing snapshot offers a clear picture of the area in 2023. With a sizable population, diverse community, and a range of housing options, this ZIP code presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living, investing, or operating in 38305.

Population & Households

ZIP 38305 is home to a robust population of 53,366 residents as of 2023, making it a vibrant and active community. This population is spread across 21,347 households, indicating a strong residential base. Whether you're a homebuyer looking for a lively area or a business owner seeking a sizable customer pool, the population density here suggests ample opportunities for connection and growth. The total number of housing units stands at 22,950, which points to a healthy supply of homes to accommodate current and future residents.

Income & Housing Costs

The median household income in ZIP 38305 is $66,292, reflecting a stable economic foundation for many families and individuals. This income level suggests that residents have reasonable purchasing power, which is a positive signal for small businesses looking to establish a foothold. On the housing front, the median home value is $221,200, offering a moderate entry point for buyers or investors compared to national averages. For renters, the median rent is $1,201 per month, which aligns with the income levels and provides options for those not ready to buy. These figures highlight a balanced housing market that caters to a range of budgets and preferences.

Race & Ethnicity

The demographic makeup of ZIP 38305 is notably diverse, fostering a culturally rich environment. The racial composition includes 56.96% White, 31.6% Black, 1.64% Asian, and 5.45% Hispanic residents. This diversity can be a significant draw for families seeking an inclusive community, businesses aiming to serve varied customer needs, and investors looking for areas with broad appeal. Understanding the cultural landscape of 38305 can help tailor your approach, whether you're opening a shop or choosing a neighborhood to call home.

Key Facts

• Total population: 53,366 residents, indicating a substantial community presence.
• Total households: 21,347, showing a strong residential base.
• Total housing units: 22,950, suggesting availability for growth.
• Median household income: $66,292, reflecting economic stability.
• Median home value: $221,200, a moderate price point for buyers and investors.
• Median rent: $1,201, offering affordable rental options.
• Diverse population: 56.96% White, 31.6% Black, 1.64% Asian, 5.45% Hispanic.

What This Means for You

For homebuyers, ZIP 38305 offers a compelling mix of affordability and community size. With a median home value of $221,200, you can find properties that fit a range of budgets, while the diverse population ensures a welcoming environment. Real estate investors and agents will appreciate the balance of home values and rental rates ($1,201 median rent), which could yield steady returns in a growing market of over 53,000 residents. Small-business owners can tap into a sizable customer base with decent disposable income (median household income of $66,292), especially if you cater to the area’s diverse demographic needs. Analysts studying market trends will find the population and housing data useful for forecasting growth or identifying investment hotspots in 38305. Whatever your goal, these metrics provide a solid foundation for planning your next steps.

Run This Study Yourself

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• Use the data to make informed decisions, whether you're buying a home, investing, or launching a business.