ZIP 38401 - 860Z200US38401 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 38401, located in the heart of Tennessee, this demographic and housing snapshot offers a clear picture of the area’s current landscape. With data from 2023, we’ve compiled key metrics on population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Whether you’re eyeing a family home, a rental property, or a commercial space, understanding ZIP 38401’s makeup is the first step to success.

Population & Households

ZIP 38401 is home to a substantial population of 66,696 residents, making it a vibrant and sizable community. This population is distributed across 25,964 households, reflecting a mix of family units, singles, and shared living arrangements. The total number of housing units stands at 28,470, indicating a slight surplus of available homes compared to occupied households. This gap could signal opportunities for buyers or investors looking to enter the market, as well as potential for growth in housing demand.

Income & Housing Costs

The median household income in ZIP 38401 is $69,467, a figure that suggests a stable economic base for many residents. This income level supports a housing market where the median home value is $295,200, offering a range of options for prospective buyers from starter homes to more upscale properties. For renters, the median rent is $1,084 per month, which aligns reasonably with local income levels, making rental properties a viable option for those not ready to buy. These figures provide a balanced view of affordability and investment potential in the area.

Race & Ethnicity

The demographic composition of ZIP 38401 reflects a predominantly White population at 74.39%, with significant representation from Black residents at 12.17% and Hispanic or Latino individuals at 8.96%. Asian residents make up a smaller portion at 0.78%. This diversity contributes to a culturally rich community, which can be a draw for families seeking an inclusive environment or businesses aiming to serve a varied customer base. Understanding this mix is crucial for tailoring real estate or commercial strategies to the local population.

Key Facts

• Total population: 66,696 residents, indicating a robust community size.
• Total households: 25,964, showing a strong base of local families and individuals.
• Total housing units: 28,470, suggesting some availability for new occupants or investors.
• Median household income: $69,467, reflecting economic stability for many residents.
• Median home value: $295,200, offering a range of housing options.
• Median rent: $1,084, providing affordable rental opportunities.
• Racial diversity: 74.39% White, 12.17% Black, 8.96% Hispanic, 0.78% Asian, fostering a varied community.

What This Means for You

For homebuyers, ZIP 38401 presents a promising market with a median home value of $295,200 and a slight surplus of housing units, which could mean less competition in certain price brackets. The median income of $69,467 suggests that many residents can afford homeownership, potentially stabilizing property values over time. Investors and real estate agents will find the gap between total housing units (28,470) and households (25,964) intriguing, as it hints at opportunities for rental properties or fixer-uppers, especially with a median rent of $1,084 that appeals to a broad tenant pool. Small-business owners can leverage the area’s diversity and population size of 66,696 to target a wide customer base, while the income levels indicate disposable income for goods and services. Analysts can use these metrics to benchmark ZIP 38401 against neighboring areas, identifying trends in housing demand or economic growth.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 38401? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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