ZIP comparison · Memphis, TN-MS-AR
38002 vs 38120
Side-by-side comparison of two ZIP codes — typical home value, rent, yield, taxes, schools, and demographics. The greener number on each row signals which ZIP comes out ahead on that metric.
| Metric | ZIP38002Lakeland, TN | ZIP38120Memphis, TN |
|---|---|---|
| Home value | ||
| Typical home value | $409,606 | Better: $427,662 |
| 1-year appreciation | -1.7% | Better: -1.0% |
| 5-year CAGR | Better: +4.1% | +2.6% |
| 10-year CAGR | Better: +5.6% | +4.7% |
| Rent & investment | ||
| Monthly rent | $2,136 | Better: $1,535 |
| Gross yield | Better: 6.3% | 4.3% |
| Cap rate | Better: 3.8% | 2.6% |
| Property tax | ||
| Effective tax rate | Better: 0.7% | 1.5% |
| Typical annual tax | Better: $3,023 | $6,208 |
| Demographics | ||
| Population | 43,882 | 13,309 |
| Median household income | $116,895 | Better: $123,538 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively High | Relatively High |
| Net migration | -4,630 | -4,630 |
| Schools | ||
| Public schools | 8 | 2 |
| Students enrolled | 7,920 | 2,002 |