HousingHandbookReference data

U.S. ZIP Code · TN38058

Tipton County · Memphis, TN-MS-AR

Typical home value

$287,348[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.1%
5-year / yr
+6.8%
10-year / yr
+7.2%

Relative price

vs U.S.
+1.2%
vs metro
+21.5%
vs state
+8.5%
ZIP 38058 location in TN
Location of ZIP 38058 in TN

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 38058 is worth $287,348 — 21.5% above the Memphis, TN-MS-AR median. Over the past year, values have risen 2.1%. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.6%[3]
Typical annual tax
$1,775[3]

#Climate risk

FEMA National Risk Index ratings for Tipton County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively Low
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Relatively Low
Heat wave
Relatively Moderate
Hurricane
Very Low
Tornado
Relatively High
Earthquake
Relatively Moderate
Winter weather
Relatively Low

#Who lives here

Population
10,303[3]
Median household income
$83,750[3]

#Migration

Household moves in and out of Tipton County over a year, from IRS tax-return data.

Net migration
+24[5]
Moved in
1,578
Moved out
1,554

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
3
Elementary
1
Middle
1
High
1
  • Munford High School

    High · Grades 9–12 · Tipton County

    1,273 students

  • Munford Middle School

    Middle · Grades 6–8 · Tipton County

    906 students

  • Munford Elementary

    Elementary · Grades PK–5 · Tipton County

    821 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,453
Loan principal$229,879
Down payment$57,470
Total interest paid$293,197

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$1,841
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
96th percentile[1]
Rental yield
[2]
Property tax
49th percentile[3]

Frequently asked

How much is a home worth in ZIP code 38058?
The typical home in 38058 is worth $287,348, based on the Zillow Home Value Index.
Are home values rising in 38058?
Home values in 38058 are up 2.1% over the past year, and up 6.8% a year over five years.
What is the property tax rate in 38058?
The effective property tax rate in 38058 is 0.6% — roughly $1,775 a year on a typical home.
Who lives in 38058?
ZIP code 38058 has a population of 10,303 and a median household income of $83,750.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Moscow, TN

    Typical home
    $290,967
    Gross yield
  • Memphis, TN

    Typical home
    $291,503
    Gross yield
    7.4%
  • Memphis, TN

    Typical home
    $279,865
    Gross yield
    6.8%
  • Memphis, TN

    Typical home
    $295,067
    Gross yield
    6.2%
  • Memphis, TN

    Typical home
    $295,660
    Gross yield
    6.5%
  • Bartlett, TN

    Typical home
    $276,179
    Gross yield
    6.9%

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