38463 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Lawrence County
Centroid: Latitude 35.018, Longitude -87.582
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 38463 has segments in 2 Counties (Lawrence, Wayne).

Businesses Addresses: 26
PO Box Addresses: 30
Residential Addresses: 1,182

Multi-Family Addresses: 0
Single Family Addresses: 1,182

Foreclosures in TN 38463

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2023, Maps updated: August 12, 2022.

Iron City, TN 38463 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	2,896 (100%)
Population in Households	2,896 (100.0%)
Population in Families	2,475 (85.5%)
Population in Group Quarters¹	0
Population Density	23
Diversity Index²	13


INCOME
Median Household Income	$44,769
Average Household Income	$59,882
% of Income for Mortgage⁴	20%
Per Capita Income	$24,472
Wealth Index⁵	42

HOUSING
Total HU (Housing Units)	1,342 (100%)
Owner Occupied HU	970 (72.3%)
Renter Occupied HU	201 (15.0%)
Vacant Housing Units	171 (12.7%)
Median Home Value	$170,109
Average Home Value	$208,411
Housing Affordability Index³	133

HOUSEHOLDS
Total Households	1,171
Average Household Size	2.47
Family Households	842
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Iron City, TN 38463 - Peer Comparisons by Rank and Percentile

The table below compares 38463 to the other 613 ZIP Codes in Tennessee by rank and percentile using July 1, 2022 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2022	2022-2027
Population	-0.46%	-0.06%
Households	-0.19%	0.02%
Families		-0.10%
Median Household Income		2.80%
Per Capita Income		2.97%
Owner Occupied HU		0.08%

Variable Description	Rank	Percentile
Total Population	# 389	37th
Population Density	# 539	12th
Median Household Income	# 499	19th
Housing Affordability Index	# 216	35th
Per Capita Income	# 528	14th
Diversity Index	# 545	12th

38463 ZIP Code Profile, Map, Data & Demographics

ZIP Code 38463: Basic Data & USPS Preferred City Name

Iron City, TN 38463 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Iron City, TN 38463 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 38463

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