ZIP 38637 - 860Z200US38637 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 38637, located in Mississippi, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 26,000 and a diverse community, this ZIP code presents unique opportunities and challenges 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 or working in 38637.

Population & Households

ZIP 38637 is home to 26,622 residents, making it a moderately sized community with a mix of urban and suburban characteristics. These individuals are distributed across 9,913 households, reflecting a variety of family structures and living arrangements. With 10,829 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking to enter the market.

Income & Housing Costs

The median household income in ZIP 38637 stands at $56,847, which provides a solid economic foundation for many families and individuals. This income level suggests a community with moderate purchasing power, relevant for businesses targeting local consumers. On the housing front, the median home value is $158,900, offering relatively affordable options for buyers compared to national averages. For renters, the median rent is $1,293 per month, which aligns with the income levels but may require careful budgeting for some households. These figures highlight a balanced housing market with opportunities for both owning and renting in 38637.

Race & Ethnicity

ZIP 38637 boasts a diverse population, with a racial composition that reflects a blend of backgrounds. Black residents make up the largest group at 44.5%, closely followed by White residents at 41.95%. Hispanic individuals account for 8.85% of the population, while Asian residents represent 1.31%. This diversity shapes the cultural fabric of the area, offering a rich community environment for residents and businesses alike. Understanding this mix can help tailor services, marketing, and community engagement strategies to resonate with the local population.

Key Facts

• Total population: 26,622 residents in ZIP 38637.
• Total households: 9,913, indicating a mix of family and individual living arrangements.
• Total housing units: 10,829, suggesting some availability for new occupants.
• Median household income: $56,847, reflecting moderate economic stability.
• Median home value: $158,900, an accessible entry point for homebuyers.
• Median rent: $1,293, a significant but manageable cost for many renters.
• Diverse demographics: 44.5% Black, 41.95% White, 8.85% Hispanic, 1.31% Asian.

What This Means for You

For homebuyers, ZIP 38637 offers a promising market with median home values at $158,900, making it an affordable option for first-time buyers or those looking to relocate to a diverse community. The slight surplus of housing units could mean less competition in certain price brackets, but it’s wise to act quickly on desirable properties.

For real estate investors and agents, the combination of moderate home values and a growing population of over 26,000 suggests potential for rental income or property appreciation. The median rent of $1,293 indicates a steady demand for rental units, particularly for families or individuals earning around the median income of $56,847.

For small-business owners, the diverse demographic makeup and moderate income levels present a chance to cater to a wide range of customers. Whether you’re opening a retail store, restaurant, or service-based business, understanding the cultural diversity and economic capacity of 38637’s residents can help you tailor offerings and build a loyal customer base.

For analysts, these metrics provide a foundation for deeper research into housing trends, economic stability, and community needs in ZIP 38637. The data points to a balanced market with room for growth, especially in housing and local services.

Run This Study Yourself

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