Housing market/Tennessee/ZIP 38053
ZIP 38053 Millington, Tennessee
Memphis, TN-MS-AR HUD Metro FMR Area · Tennessee. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 38053 · TN — sent to you.
ZIP 38053 · TN
ACS rent vs 2BR SAFMR
ZIP 38053 — Millington, TN HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 38053
- 1-unit detached8,15576.6%
- 1-unit attached1821.7%
- 2–4 units3483.3%
- 5–49 units6175.8%
- 50+ units810.8%
- Mobile1,26811.9%
2–4 unit share 3.3% · 5–49 unit share 5.8% · combined 2–49 9.0%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,105 (all bedrooms, occupied rentals).
- Median contract rent $800.
- Renters paying ≥30% of income 39.7%; ≥50% 18.5%.
- FY2027 2BR SAFMR $1,250 (1.131× ACS median gross rent).
Population
25,352 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -4.5%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 2 projects, 251 units.
- HUD project-based assisted MF: 1 properties, 80 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 146 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 38053 33.9% of occupied households are renters; vacancy is 8.9%; ACS median gross rent is $1,105; population changed -4.5% between the 2018 and 2023 ACS vintages; the housing stock includes 348 units in 2–4-unit structures and 617 units in 5–49-unit structures; 2 LIHTC projects totaling 251 units; FY2027 2BR SAFMR is $1,250 versus ACS median gross rent of $1,105. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Tennessee research
ZIP 38053 is a Census / HUD profile for Memphis, TN-MS-AR, TN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 38053 — Millington, TN HUD Section 8 Payment Standards / SAFMR·Tennessee ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Tennessee research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 38053?
ZIP 38053 (Memphis, TN-MS-AR HUD Metro FMR Area) has 25,352 residents, 9,724 households, a renter share of 33.9%, median household income of $58,548, and ACS 2023 median gross rent of $1,105. Vacancy is 8.9%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 38053?
ACS counts 162 units in 2-unit buildings, 186 in 3–4 unit buildings, 380 in 5–9, 210 in 10–19, and 27 in 20–49. Combined 2–49 unit stock is 965 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 38053?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,250. See the full schedule and 90–110% payment-standard band on the ZIP 38053 — Millington, TN HUD Section 8 Payment Standards / SAFMR.
Does this Tennessee ZIP profile include Georgia listings?
No. ZIP 38053 is Census / HUD research for Memphis, TN-MS-AR HUD Metro FMR Area. Jeff Crowe CRE does not list Tennessee property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.