ZIP Code 38120

Households in ZIP code 38120, part of the Memphis area, report a median income of $123,538, while per-capita income reaches $108,686. Homes here carry a median value of $460,700, and the county-level property tax rate of 0.97% applies to that figure. Sales taxes add 9.75% to purchases made in the area. Together, these figures sketch a local economy where earnings run high and property values are substantial, with the property levy taking under one percent of a home's worth annually and the sales tax shaping day-to-day costs across Memphis.