ZIP Code 38632: Population, Income, Housing

State: MS

Total population: 31,374 Household income: $93,583 Rent: $1,312

Overview

Total population

31,374

Rent

$1,312

Year built

2001

Household income

$93,583

Per capita income

$42,120

Poverty rate

5.2%

Unemployment rate

N/A

Household size

2.7 persons

Rent over 30% of income

51.8%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Demographics

State

Mississippi

County

DeSoto County

Town

Hernando

Total population

31,374

Adults over 25

21,039

Total households

11,527

Household size

2.7 persons

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Income & Poverty

Household income

$93,583

Per capita income

$42,120

Poverty rate

5.2%

Unemployment rate

N/A

Rent over 30% of income

51.8%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Housing

Rent

$1,312

Year built

2001

Households that rent

11.8%

Households that own

88.2%

Rooms per home (all homes)

6.5

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Race

White

81.8%

Black

10.3%

Asian

Two or more races

5.8%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Ethnicity

Hispanic or Latino

2.3%

Not Hispanic or Latino

97.7%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Commute

Commute rate

14,220 (90.8%)

Commute time to work

29 mins

Work from home

1,443 (9.2%)

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Education

Less than high school

28.7%

High school graduate or GED

24.8%

Some college or associate degree

10.3%

Bachelor’s degree or higher

36.2%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Comparison of ZIP Code 38632 with: DeSoto County, MS Memphis metro area, TN-MS-AR Mississippi United States

ZIP 38632

Total population31,374

Rent$1,312

Year built2001

Household income$93,583

Per capita income$42,120

Poverty rate5.2%

Unemployment rateN/A

DeSoto County, MS

Total population191,301

Rent$1,451

Year built1999

Household income$85,297

Per capita income$38,113

Poverty rate9.7%

Unemployment rate3.2%

Memphis Metro Area, TN-MS-AR

Total population1,341,924

Rent$1,220

Year built1983

Household income$66,401

Per capita income$37,885

Poverty rate16.5%

Unemployment rate4.1%

Mississippi State

Total population2,946,779

Rent$954

Year built1986

Household income$56,447

Per capita income$31,549

Poverty rate18.9%

Unemployment rate3.1%

United States

Total population334,922,499

Rent$1,413

Year built1980

Household income$80,734

Per capita income$44,673

Poverty rate12.5%

Unemployment rate4%

Metric	ZIP38632	CountyDeSoto, MS	Metro AreaMemphis metro area, TN-MS-AR	StateMississippi	CountryUnited States
Total population	31,374	191,301	1,341,924	2,946,779	334,922,499
Rent	$1,312	$1,451	$1,220	$954	$1,413
Year built	2001	1999	1983	1986	1980
Household income	$93,583	$85,297	$66,401	$56,447	$80,734
Per capita income	$42,120	$38,113	$37,885	$31,549	$44,673
Poverty rate	5.2%	9.7%	16.5%	18.9%	12.5%
Unemployment rate	N/A	3.2%	4.1%	3.1%	4%

View the full multi-level comparison →

Summary for 38632

Rent & Income

In 38632, the typical monthly rent is $1,312 and the typical household income is $93,583. Rent here is higher than Mississippi, and household income is higher than Mississippi. The estimated poverty rate is 5.2%.

Housing & Affordability

This ZIP Code is primarily owner-occupied, with renters accounting for about 11.8% of households. About 51.8% of renters spend more than 30% of their income on housing, indicating high cost burden.

Education & Employment

Educational attainment is high, with about 36.2% of adults holding a bachelor’s degree or higher.

ZIP 38632 — Rent vs Household Income

ZIP 38632 — Poverty

How ZIP 38632 compares in Mississippi (14 ZIP Codes)

Metric	This ZIP	Rank	Starts from	State range
Rent	$1,312	9 / 14	from lower rent	$922 – $1,829
Household income	$93,583	4 / 14	from higher income	$41,127 – $125,506
Poverty rate	5.2%	3 / 14	from lower poverty	3.5% – 31.1%

Rankings are calculated among ZIP Codes in Mississippi with total population > 30,000 (year 2024).

Detailed Ranking Explanation for ZIP Code 38632

Rent

Looking at rent levels, ZIP Code 38632 places 9th out of 14 ZIP Codes in Mississippi. Throughout Mississippi, numbers span from $922 in ZIP 39759 up to $1,829 in ZIP 38654.

Household income

In terms of earnings, this ZIP comes 4th out of 14 ZIP Codes. At the state level, values extend from $41,127 in ZIP 39401 up to $125,506 in ZIP 39110.

Poverty rate

In terms of poverty rate, ZIP Code 38632 comes 3rd out of 14 ZIP Codes. In Mississippi as a whole, the range goes from 3.5% in ZIP 39110 up to 31.1% in ZIP 39401.

💰 Rent in ZIP Code 38632 (with Utilities)

Estimated Monthly Rent: $1,312 ℹ️ What’s Included:
✅ Base rent, electricity, gas, water/sewer, and heating fuels
❌ Not included: internet, cable TV, renter's insurance, parking

💡 What does this rent estimate mean?

Explanation: This estimate shows what renters typically pay each month for housing — including the apartment or home and essential utilities like heat, water, and electricity.

Included in this number: Rent plus electricity, gas, water/sewer, and heating fuel.

Not included: Internet, cable, parking, renter’s insurance, or furniture rental.

Note: This cost does not depend on the number of people living in the home.

👨‍👧‍👦 Household Income in ZIP Code 38632

Annual Household Income: $93,583

💡 What does Household Income mean?

Definition: This represents the middle value of all household incomes in the ZIP code — half of households earn less, and half earn more.

Includes: wages, salaries, self-employment income, Social Security, pensions, investments, unemployment, public assistance, and rental income.

Does NOT include: capital gains, non-cash benefits (like food stamps), or tax refunds.

Household = any group of people (or a single person) living in the same housing unit.

Example: A couple earning $40,000 and $30,000 together have a household income of $70,000. If that's in the middle of all local incomes, it's the value shown here.

📉 Poverty Rate in ZIP Code 38632

Estimated Rate: 5.2%

💡 What does the Poverty Rate represent?

Definition: The percentage of people in this area living below the federal poverty threshold.

How it works: The threshold is a dollar amount set by the U.S. Census Bureau that varies by family size and age. If a household's income is below that level, everyone in it is included in this rate.

Example: In a town of 10,000 people, if 1,500 have incomes below the poverty line, the poverty rate is 15%.

Note: This statistic only includes people living in households; it does not count those in student housing, military barracks, or nursing homes.

🏘️ Renter vs. Owner Households in ZIP Code 38632

In ZIP Code 38632, households that rent: 1,363 (11.8%)

📊 What does the renter household percentage reveal about this ZIP Code?

Household Type	Count	Share
Renter-Occupied	1,363	11.8%
Owner-Occupied	10,164	88.2%

Definition: This is the percentage of households that rent their home rather than own it. It includes only occupied housing units.

Why it matters: Areas with a high share of renter households often have younger populations, higher mobility, and different housing needs compared to mostly owner-occupied areas.

Example: If 65% of homes in an area are renter-occupied, it means 65 out of every 100 households rent their home.

📉 Renters Spending Over 30% of Income on Rent in ZIP Code 38632

In ZIP Code 38632, cost-burdened renters (households spending over 30% of income on housing): 706 (51.8%)

🏚️ What Does It Mean When Renters Spend Over 30% of Their Income on Housing?

Household Group	Households	Share
Cost-burdened renters (over 30%)	706	51.8%
Other renter households	657	48.2%
Total renter households	1,363	100%

Shares are calculated as a percentage of renter households.

This shows how many renters in the ZIP code are considered cost-burdened — meaning they spend more than 30% of their income on housing (rent and basic utilities).

It’s a sign that housing might be unaffordable in the area or that lower-income residents may be struggling with rent.

Data comes from the U.S. Census Bureau’s American Community Survey.

📊 Education Levels in ZIP Code 38632

Less than High School: 6,032 people (28.7%)

Includes adults who did not complete high school.

High School Graduate or GED: 5,224 people (24.8%)

Includes adults whose highest education is a high school diploma or GED.

Some College or Associate Degree: 2,167 people (10.3%)

Includes adults who attended college without completing a bachelor’s degree (some college or associate degree).

Bachelor’s Degree or Higher: 7,616 people (36.2%)

Includes adults with a bachelor’s degree or higher (bachelor’s, master’s, professional, or doctoral degree).

👥 Total Adults (25+): 21,039

ℹ️ Have questions about how these statistics are calculated? See our data methodology & FAQs

Source: ACS 5-Year Estimates (U.S. Census Bureau) — unemployment rate from BLS. Some values are derived metrics.