City

Elmwood, TN

1 ZIP code  ·  Smith County  ·  Tennessee

👥1,639Population
💰$65,221Median HH Income▼ 15% below avg
🎂33.2Median Age
🏠$202,700Median Home Value▼ 27% below avg
🎓32.8%College Grads▼ 15% below avg
📊6.2%Unemployment▲ 27% above avg
People & Population (ACS 2023 — weighted avg)
♂ Male 57.6% Female 42.4% ♀

Race & Ethnicity

White: 94.1%Hispanic: 1.8%Black: 0.4%Asian: 1.9%Other: 1.8%Race
White94.1%
Hispanic1.8%
Black0.4%
Asian1.9%
Other1.8%

Age Breakdown

Under 5
1%
5–17
29%
18–24
10%
25–44
29%
45–64
21%
65+
4%

Key Indicators

Median Age33.2 yrs
Avg HH Size3.80
Below Poverty16.4% ▲ 64% above avg
College Grads32.8% ▼ 15% below avg
Unemployment6.2% ▲ 27% above avg
No HS Diploma23 (2.8%)
HS Graduate357 (42.7%)
Some College99 (11.8%)
Associates83 (9.9%)
Bachelors144 (17.2%)
Graduate Degree130 (15.6%)

Education

No HS: 2.8%HS Grad: 42.7%Some College: 11.8%Associates: 9.9%Bachelors: 17.2%Graduate: 15.6%Edu
No HS2.8%
HS Grad42.7%
Some College11.8%
Associates9.9%
Bachelors17.2%
Graduate15.6%
Housing & Income

Housing Tenure

Owner: 68.5%Renter: 31.6%Tenure
Owner68.5%
Renter31.6%

Home Value Distribution

$50k–$100k
14%
$100k–$150k
25%
$150k–$200k
11%
$200k–$300k
34%
$300k–$500k
11%
Over $500k
6%

Financials

Median HH Income$65,221 ▼ 15% below avg
Median Home Value$202,700 ▼ 27% below avg
Home/Income Ratio3.1x (nat avg ~3.5x)
Median Rent$783/mo
Total Housing Units584
Vacant Units153

Income Distribution

Under $25k
16%
$25k–$50k
21%
$50k–$75k
16%
$75k–$100k
11%
$100k–$150k
14%
$150k–$200k
12%
Over $200k
10%
Employment & Commute

How People Get to Work

Drove Alone
94%
Work From Home
6%

Commute Time

Under 15 min
17%
15–30 min
42%
30–45 min
15%
Over 45 min
27%
Housing Stock

Year Built

1940s–1950s
12%
1960s–1970s
11%
1980s–1990s
16%
2000+
61%
About Elmwood, TN

Elmwood is a city in Tennessee, located in Smith County. The city spans 1 ZIP code and is home to approximately 1,639 residents. It is a relatively young city, with a median age of 33.2 years.

Economically, Elmwood is a solidly middle-class community. The median household income of $65,221 is near the national average. Approximately 16.4% of residents live below the poverty line. The unemployment rate is 6.2%, above the national average.

The real estate market in Elmwood is an affordable housing market. Median home values stand at $202,700, which is below the national average. Renters typically pay around $783 per month. Homeownership is high at 68.5%, typical of suburban and family-oriented communities.

The population of Elmwood is moderately educated. 32.8% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (94.14%).

Elmwood, TN offers residents a cost-conscious lifestyle within Tennessee.

ZIP Codes in Elmwood
ZIPPopulationMedian IncomeMedian HomeMedian RentUnemp.CollegeOwner Occ.
38560 1,639 $65,221 $202,700 $783 6.2% 32.8% 68.5%