ZIP Code 38016

Households in the 38016 ZIP code, near Memphis, report a median income of $76,569, while per-capita income sits at $39,627. A median home value of $282,800 pairs with a county property tax rate of 0.97%, so annual property taxes land near $2,743 before any exemptions. Shoppers here also pay a combined 9.75% sales tax, which adds up on everyday purchases. Together, these figures sketch a straightforward cost picture: steady earnings, a housing market priced in the upper-middle range for the area, and two tax streams — one on property, one on spending — that shape what a household keeps each year.