| ZIP Code | 38240 |
|---|---|
| City | Obion |
| State | Tennessee (TN) |
| County | Obion County |
| Area Code | 731 |
| Elevation | 316 ft |
| Latitude | 36.245091 |
|---|---|
| Longitude | -89.318119 |
| Timezone | Chicago (DST) |
| FIPS | 47131 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 47.2 yrs ↑ 30% since 2019 |
|---|---|
| Avg Household Size | 2.10 |
| Below Poverty | 18.4% ▲ 84% above avg |
| College Grads | 24.4% ▼ 37% below avg |
| Unemployment | 1.0% ▼ 80% below avg |
| No HS Diploma | 19 (1.7%) |
| HS Graduate | 437 (38.7%) |
| Some College | 258 (22.9%) |
| Associates | 140 (12.4%) |
| Bachelors | 138 (12.2%) |
| Graduate Degree | 137 (12.1%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $58,468 ▼ 23% below avg ↑ 41% since 2019 |
|---|---|
| Median Home Value | $98,900 ▼ 65% below avg ↑ 32% since 2019 |
| Home/Income Ratio | 1.7x (nat avg ~3.5x) |
| Median Rent | $929/mo ↑ 39% since 2019 |
| Total Units | 972 |
| Vacant Units | 132 |
| Avg HH Size | 2.10 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 972 |
|---|---|
| Vacant | 132 |
| Owner Occupied | 65.2% |
| Renter Occupied | 34.8% |
| Avg HH Size | 2.10 |
ZIP code 38240 is located in Obion, Tennessee, within Obion County. With a population of 1,760, this is a sparsely populated ZIP code with a mature community — the median age is 47.2 years. Economically, 38240 is a solidly middle-class ZIP code: the median household income of $58,468 is below the national average.
Real estate in ZIP code 38240 represents one of the more affordable housing markets in the country. The median home value of $98,900 is well below the national average. Renters can expect to pay around $929 per month in median rent. Homeownership is strong here — 65.2% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 32% since 2019.
The population of 38240 is primarily White (88.41%). Residents are less-educated — 24.4% hold a bachelor's degree or higher, which is below the national average. Poverty affects some residents at 18.4%. Household income has grown by 41% since 2019.
The unemployment rate in 38240 stands at 1.0%, which is well below the national average. As in most parts of the country, driving alone is the dominant commute mode at 83%.
Overall, ZIP code 38240 in Obion, TN is characterized as solidly middle-class, less-educated, a mature community, and predominantly owner-occupied. With 1,760 residents, a median household income of $58,468, and a median home value of $98,900, it offers a clear picture of life in this part of Tennessee.