ZIP Code 38103

ZIP code 38103, in Memphis, sits in middle-to-upper-income territory, with a median household income of $76,278 and per-capita income of $74,744. Homes here carry a median value of $397,300, and the county-level effective property tax rate of 0.97% means owners pay roughly that share of value annually. Sales tax reaches 9.75% on purchases, a noticeable add-on at the register. Together these figures describe an area where earnings and property values run above many parts of the city, though the combined tax costs on purchases and real estate still shape day-to-day expenses.