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ZIP Code · TN

ZIP 38017

Pop. 56,826·Shelby County·33rd most expensive ZIP in Tennessee
Median rent (all units)
$1,943/mo
Year-over-Year
+1.7%
Month-over-Month
-0.9%
vs US Median
-$22
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 38017 · $1,943
More expensive than 57% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,370
1 BR
$1,500
2 BR
$1,650
3 BR
$2,180
4 BR+
$2,540
Research median
$1,650/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$23,316/yr
At $1,943/mo median
Location
StateTN
CountyShelby County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+1.7% YoY, -0.9% MoM), not inventory.
Demographics

Who lives here

ZIP 38017 (Collierville, TN) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 61.4% of residents hold a bachelor's degree or higher.

Population
56,826
Median income
$138,677
Median age
41.5
Renters
21.6%
Age distribution
26%
15%
28.5%
14.1%
16.4%
Under 1826%
18–3415%
35–5428.5%
55–6414.1%
65+16.4%
Gender
47.8%
52.2%
Male47.8%
Female52.2%
Race & ethnicity
67.7%
13.1%
White67.7%
Black11.5%
Hispanic5.1%
Asian13.1%
Other2.7%
Education (25+)
13.7%
20.7%
61.4%
No HS diploma4.1%
HS diploma13.7%
Some college20.7%
Bachelor's+61.4%
Housing tenure
78.4%
21.6%
Owner78.4%
Renter21.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 38017 in Collierville, TN has changed in 5 years

Income
$122,556 → $138,677
up 13.2%
Population
55,161 → 56,826
up 3.0%
Renter share
21.2% → 21.6%
+0.4 pts
Bachelor's+
59.2% → 61.4%
+2.2 pts

Census figures show median household income at $138,677 today, compared with $122,556 five years earlier. The population has grown by 3.0% since 2021, moving from about 55,161 residents to roughly 56,826. College-educated residents now make up 61.4% of adults here, versus 59.2% in 2021.

Community

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Local insights

Tips for renters in ZIP 38017

About renting in ZIP 38017

Last updated: July 20, 2026

ZIP code 38017 covers Collierville, TN. The median rent here is $1,943/mo as of July 2026. A 1-bedroom rents for a median of $1,500/mo. A 2-bedroom rents for a median of $1,650/mo.

At 17% of local median household income ($138,677/yr), ZIP 38017 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 38017?

As of July 20, 2026, the median monthly rent in ZIP 38017 (Collierville, TN) is $1,943. This is based on aggregated data from public sources and community submissions.

How does ZIP 38017 rent compare to the US average?

ZIP 38017's median rent of $1,943/mo is $22 (1%) below the US national median of $1,965/mo.

How does ZIP 38017 compare to other ZIPs in Tennessee?

ZIP 38017 is one of the pricier ZIP codes in Tennessee, ranking #33 out of 145 ZIPs tracked at $1,943/mo.

How much income do you need to rent in ZIP 38017?

To keep rent at or below 30% of gross income, you would need to earn at least $78,000/year (~$38/hour full-time) to afford the median rent of $1,943/mo in ZIP 38017. The local median household income is $138,677/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 38017?

Rent in ZIP 38017 has increased 1.7% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 38017 an affordable place to rent?

ZIP 38017 is considered very affordable for renters. At $1,943/mo, rent takes approximately 17% of the local median household income ($138,677/yr). The standard benchmark is 30%. ZIP 38017 falls comfortably within that range.

What percentage of ZIP 38017 residents rent vs. own?

According to Census data, approximately 21.6% of ZIP 38017 households are renters, while 78.4% are owner-occupied. ZIP 38017 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 38017 compare to the rest of Collierville?

ZIP 38017 is more affordable than Collierville overall. At $1,943/mo, it's $13 below the Collierville citywide median of $1,956/mo.

When was rent data for ZIP 38017 last updated?

Rent data for ZIP 38017 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
17%
VERY AFFORDABLE

At $1,943/mo, rent takes ~17% of ZIP 38017's median household income ($138,677/yr). The standard benchmark is 30%.

ZIP 38017 17%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 38017 (Collierville, TN)

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