38642 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Marshall County
Centroid: Latitude 34.988, Longitude -89.375
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 38642 has segments in 2 Counties (Benton, Marshall).

Businesses Addresses: 39
PO Box Addresses: 30
Residential Addresses: 1,067

Multi-Family Addresses: 0
Single Family Addresses: 1,067

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2021, Maps updated: November 4, 2020.

Lamar, MS 38642 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	2,504 (100%)
Population in Households	2,504 (100.0%)
Population in Families	2,148 (85.8%)
Population in Group Quarters¹	0
Population Density	29
Diversity Index²	55


INCOME
Median Household Income	$40,142
Average Household Income	$48,635
% of Income for Mortgage⁴	9%
Per Capita Income	$17,811
Wealth Index⁵	39

HOUSING
Total HU (Housing Units)	1,081 (100%)
Owner Occupied HU	778 (72.0%)
Renter Occupied HU	139 (12.9%)
Vacant Housing Units	164 (15.2%)
Median Home Value	$90,045
Average Home Value	$132,616
Housing Affordability Index³	272

HOUSEHOLDS
Total Households	917
Average Household Size	2.73
Family Households	664
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.

Lamar, MS 38642 - Peer Comparisons by Rank and Percentile

The table below compares 38642 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	-0.16%	-0.41%
Households	-0.04%	-0.35%
Families	-0.26%	-0.49%
Median Household Income		1.0%
Per Capita Income		1.62%
Owner Occupied HU		-0.39%

Variable Description	Rank	Percentile
Total Population	# 240	42nd
Population Density	# 241	41st
Median Household Income	# 171	58th
Housing Affordability Index	# 289	71st
Per Capita Income	# 321	22nd
Diversity Index	# 58	87th

Lamar, MS 38642 ZIP Code Profile

ZIP Code 38642: Basic Data & USPS Preferred City Name

Lamar, MS 38642 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lamar, MS 38642 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 38642

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