38629 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Tippah County
Centroid: Latitude 34.841, Longitude -88.961
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 38629 has segments in 2 Counties (Benton, Tippah).

Businesses Addresses: 27
PO Box Addresses: 66
Residential Addresses: 730

Multi-Family Addresses: 0
Single Family Addresses: 730

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2021, Maps updated: January 29, 2021.

Falkner, MS 38629 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	1,675 (100%)
Population in Households	1,675 (100.0%)
Population in Families	1,423 (85.0%)
Population in Group Quarters¹	0
Population Density	36
Diversity Index²	49


INCOME
Median Household Income	$44,476
Average Household Income	$68,753
% of Income for Mortgage⁴	12%
Per Capita Income	$26,270
Wealth Index⁵	69

HOUSING
Total HU (Housing Units)	730 (100%)
Owner Occupied HU	487 (66.7%)
Renter Occupied HU	153 (21.0%)
Vacant Housing Units	90 (12.3%)
Median Home Value	$122,826
Average Home Value	$172,947
Housing Affordability Index³	234

HOUSEHOLDS
Total Households	640
Average Household Size	2.62
Family Households	453
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.

Falkner, MS 38629 - Peer Comparisons by Rank and Percentile

The table below compares 38629 to the other 409 ZIP Codes in Mississippi by rank and percentile using July 1, 2020 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	2010-2020	2020-2025
Population	0.35%	-0.16%
Households	0.37%	-0.16%
Families	0.13%	-0.31%
Median Household Income		1.02%
Per Capita Income		2.05%
Owner Occupied HU		-0.29%

Variable Description	Rank	Percentile
Total Population	# 281	32nd
Population Density	# 212	48th
Median Household Income	# 115	72nd
Housing Affordability Index	# 182	44th
Per Capita Income	# 64	85th
Diversity Index	# 164	60th

Falkner, MS 38629 ZIP Code Profile

ZIP Code 38629: Basic Data & USPS Preferred City Name

Falkner, MS 38629 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Falkner, MS 38629 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 38629

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