Housing market/Tennessee/ZIP 38063

ACS 2023 · FY2027 SAFMR

ZIP 38063 Ripley, Lauderdale County, Tennessee

Lauderdale County, TN · Tennessee. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
15,947
Households
6,072
Median HH income
$48,578
Renter share
36.6%
Median gross rent
$731
Vacancy
14.1%
Pop. change
-3.6%
2BR SAFMR
$1,000
SAFMR / rent
1.368×
2–49 unit stock
913
LIHTC proj / units
4 / 270
HUD assisted MF
4 / 360

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 38063 · TN — sent to you.

ZIP 38063 · TN

ACS median rent$731
2BR SAFMR$1,000
90% floor$900
110% ceiling$1,100

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 38063

  • 1-unit detached5,23874.1%
  • 1-unit attached360.5%
  • 2–4 units5648.0%
  • 5–49 units3494.9%
  • 50+ units330.5%
  • Mobile85012.0%
TypeUnitsShare
1-unit detached5,23874.1%
1-unit attached360.5%
2 units (duplex)3715.2%
3–4 units1932.7%
5–9 units2523.6%
10–19 units250.4%
20–49 units721.0%
50+ units330.5%
Mobile85012.0%

2–4 unit share 8.0% · 5–49 unit share 4.9% · combined 2–49 12.9%.

Units by bedrooms

Studio
94
1BR
457
2BR
1,834
3BR
3,541
4BR
994
5+
150

Rent burden

Rent ≥30% of income41.9%
Rent ≥50% of income21.9%
  • ACS median gross rent $731 (all bedrooms, occupied rentals).
  • Median contract rent $499.
  • Renters paying ≥30% of income 41.9%; ≥50% 21.9%.
  • FY2027 2BR SAFMR $1,000 (1.368× ACS median gross rent).

Population

15,947 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -3.6%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 4 projects, 270 units.
  • HUD project-based assisted MF: 4 properties, 360 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 1 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 38063 36.6% of occupied households are renters; vacancy is 14.1%; ACS median gross rent is $731; population changed -3.6% between the 2018 and 2023 ACS vintages; the housing stock includes 564 units in 2–4-unit structures and 349 units in 5–49-unit structures; 4 LIHTC projects totaling 270 units; FY2027 2BR SAFMR is $1,000 versus ACS median gross rent of $731. 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 38063 is a Census / HUD profile for Lauderdale County, TN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

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 38063?

ZIP 38063 (Lauderdale County, TN) has 15,947 residents, 6,072 households, a renter share of 36.6%, median household income of $48,578, and ACS 2023 median gross rent of $731. Vacancy is 14.1%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 38063?

ACS counts 371 units in 2-unit buildings, 193 in 3–4 unit buildings, 252 in 5–9, 25 in 10–19, and 72 in 20–49. Combined 2–49 unit stock is 913 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 38063?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,000. See the full schedule and 90–110% payment-standard band on the ZIP 38063 — Ripley, TN HUD Section 8 Payment Standards / SAFMR.

Does this Tennessee ZIP profile include Georgia listings?

No. ZIP 38063 is Census / HUD research for Lauderdale County, TN. 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.