The story of this market
The typical home in ZIP 38351 sells for about $272,900, or $135 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $739 a month.
ZIP 38351 — Lexington
The housing market in 38351 is characterized by stable, modest price growth and low inventory levels. Demand remains steady among local buyers, though the rural nature of the area limits rapid turnover. Market conditions are currently balanced, reflecting broader economic trends in West Tennessee.
This ZIP code is well-suited for families and individuals seeking a quiet, rural lifestyle with affordable housing options. It appeals to those who work in local industries or are willing to commute to nearby Jackson for employment.
Median prices moved up 2.1% year over year.
Homes spend a median of 68 days on market with 4.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.5% · poverty 19.7% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 38351, Henderson County TN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Lexington area are generally lower than the national average, with property crime being the most frequently reported incident type. Regional comparisons suggest a stable environment consistent with rural West Tennessee trends.
Schools serving the 38351 ZIP code are primarily managed by the Henderson County School District, which provides a standard rural educational curriculum. Performance metrics are generally consistent with state averages for similar rural districts.
The area is subject to standard regional risks including severe thunderstorms and occasional high winds. Flood risk is localized to specific low-lying areas near creeks and the Beech River watershed.
Economic momentum is driven by local manufacturing, agriculture, and small business services in Lexington. Infrastructure development remains focused on maintaining regional highway connectivity via U.S. Route 412.
Property taxes are assessed at the county level by Henderson County, with rates determined by the local commission to fund schools and municipal services. Tennessee does not impose a state-level personal income tax, which influences the overall tax burden for residents.
Residents primarily rely on personal vehicles for commuting, with U.S. Route 412 serving as the main artery for travel toward Jackson, the nearest major employment hub. Public transit options are not available in this rural ZIP code.
The area features access to Beech Lake for fishing and boating, along with local parks in Lexington. Shopping and dining are concentrated in the city center, providing essential services to the surrounding rural community.
The rental market is characterized by low inventory and steady demand from local workers. Vacancy pressure is generally low, with limited new multi-family construction activity reported.
The local economy is anchored by manufacturing, healthcare, and retail trade. Major employers include regional industrial facilities and the local school district.
Transportation is dominated by private vehicle use, with U.S. Route 412 and State Route 22 serving as primary corridors. There is no public transit infrastructure.
Development is primarily focused on small-scale residential infill and commercial improvements within the city of Lexington. No major large-scale master-planned communities are currently under construction.
The Henderson County Assessor of Property manages assessments, with reappraisals conducted on a multi-year cycle to ensure tax equity.
Parcels are subject to Henderson County school and general fund taxes, with no significant MUD or PID districts reported.
Property insurance premiums are influenced by regional weather patterns, including wind and storm risks common in West Tennessee.
Data retrieved from Census Reporter and ACS 2024 5-year tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Sky Zone Trampoline Park4.319.9 mi
- Jackson Rockabillys Stadium4.619.6 mi
- Natchez Trace State Park4.712.3 mi
- Parkers Crossroads City Park4.79.3 mi
- Princess Theatre4.71.9 mi
- Pinson Mounds State Archaeological Park4.718.9 mi
- Parkers Crossroads Visitor Center4.78.5 mi
- Natchez Trace State Park4.712.3 mi
- Pine Lake Picnic Area4.56.9 mi
- Parkers Crossroads City Park4.79.3 mi
- Beech Lake4.61 mi
- Beech Lake4.61 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Popular destination for fishing, boating, and outdoor recreation.
Provides walking trails, playgrounds, and picnic areas for local residents.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.