ZIP Code 38002 — Lakeland city, TN Demographics & Data

ZIP code 38002 covers Lakeland, TN in Shelby County with a population of about 43,868.

At a glance, the area shows median age of 39.9 (near the U.S. median).

It sits in telephone area code 901; U.S. House district TN-8; the MEMPHIS media market.

Median household income in ZIP 38002 is about $115,478 — about 54% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 4.3%; unemployment rate near 2.7%; 47.0% of adults with a bachelor’s degree or higher (about 13.3 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Healthcare, Retail trade, and Education; about 13.1% of workers reporting work-from-home (about 2.1 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $363,000 — about 4% above the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $1,400 (about 20% above the U.S. median rent ($1,163)), and owner-occupancy near 83.0% (about 17.6 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 38002 in Lakeland, TN, a household would need roughly $100,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,332. That sits below the local median household income ($115,478), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Lakeland city, TN as Relatively High (composite score 99.4), which is among the highest nationally. The strongest component scores on US5 are flood (98.7) and wildfire (71.1). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Lakeland city, TN show little to no average snow and around 57.2 inches of annual precipitation.

IRS migration statistics show a net inflow of about 1,556 for ZIP 38002 (Lakeland city, TN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.