38475 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Hardin County
Centroid: Latitude 35.272, Longitude -88.041
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 38475 has segments in 2 Counties (Hardin, Wayne).

Businesses Addresses: 4
PO Box Addresses: 0
Residential Addresses: 341

Multi-Family Addresses: 0
Single Family Addresses: 341

The ZIP Code maps and database are updated 4 times per year.
Database updated: October 1, 2021, Maps updated: May 5, 2021.

Olivehill, TN 38475 Data & Demographics (As of July 1, 2021)

POPULATION
Total Population	761 (100%)
Population in Households	753 (98.9%)
Population in Families	647 (85.0%)
Population in Group Quarters¹	8 ( 1.1%)
Population Density	16
Diversity Index²	9


INCOME
Median Household Income	$51,988
Average Household Income	$71,364
% of Income for Mortgage⁴	14%
Per Capita Income	$25,989
Wealth Index⁵	76

HOUSING
Total HU (Housing Units)	362 (100%)
Owner Occupied HU	220 (60.8%)
Renter Occupied HU	57 (15.7%)
Vacant Housing Units	85 (23.5%)
Median Home Value	$175,000
Average Home Value	$207,727
Housing Affordability Index³	196

HOUSEHOLDS
Total Households	277
Average Household Size	2.72
Family Households	203
Average Family Size	3

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.

Olivehill, TN 38475 - Peer Comparisons by Rank and Percentile

The table below compares 38475 to the other 611 ZIP Codes in Tennessee by rank and percentile using July 1, 2021 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	2010-2021	2021-2026
Population	-0.03%	-0.32%
Households	-0.03%	-0.29%
Families	-0.22%	-0.4%
Median Household Income		1.35%
Per Capita Income		1.93%
Owner Occupied HU		-0.18%

Variable Description	Rank	Percentile
Total Population	# 557	9th
Population Density	# 584	5th
Median Household Income	# 245	60th
Housing Affordability Index	# 421	69th
Per Capita Income	# 284	54th
Diversity Index	# 536	13th

38475 ZIP Code Profile, Map, Data & Demographics

ZIP Code 38475: Basic Data & USPS Preferred City Name

Olivehill, TN 38475 Data & Demographics (As of July 1, 2021)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Olivehill, TN 38475 - Peer Comparisons by Rank and Percentile

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