Housing market/Tennessee/ZIP 38002
ZIP 38002 Arlington, 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 38002 · TN — sent to you.
ZIP 38002 · TN
ACS rent vs 2BR SAFMR
ZIP 38002 — Arlington, 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 38002
- 1-unit detached14,02790.9%
- 1-unit attached840.5%
- 2–4 units1941.3%
- 5–49 units6924.5%
- 50+ units850.6%
- Mobile3492.3%
2–4 unit share 1.3% · 5–49 unit share 4.5% · combined 2–49 5.7%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,695 (all bedrooms, occupied rentals).
- Median contract rent $1,400.
- Renters paying ≥30% of income 44.3%; ≥50% 31.1%.
- FY2027 2BR SAFMR $1,860 (1.097× ACS median gross rent).
Population
43,868 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +9.0%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 1 projects, 32 units.
- HUD project-based assisted MF: not published for this ZIP.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 154 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 38002 17.0% of occupied households are renters; vacancy is 1.9%; ACS median gross rent is $1,695; population increased +9.0% between the 2018 and 2023 ACS vintages; the housing stock includes 194 units in 2–4-unit structures and 692 units in 5–49-unit structures; 1 LIHTC projects totaling 32 units; FY2027 2BR SAFMR is $1,860 versus ACS median gross rent of $1,695. 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 38002 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 38002 — Arlington, 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 38002?
ZIP 38002 (Memphis, TN-MS-AR HUD Metro FMR Area) has 43,868 residents, 15,152 households, a renter share of 17.0%, median household income of $115,478, and ACS 2023 median gross rent of $1,695. Vacancy is 1.9%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 38002?
ACS counts 109 units in 2-unit buildings, 85 in 3–4 unit buildings, 523 in 5–9, 136 in 10–19, and 33 in 20–49. Combined 2–49 unit stock is 886 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 38002?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,860. See the full schedule and 90–110% payment-standard band on the ZIP 38002 — Arlington, TN HUD Section 8 Payment Standards / SAFMR.
Does this Tennessee ZIP profile include Georgia listings?
No. ZIP 38002 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.