RentDataNowRentDataNow
ZIP Code · TN

ZIP 38053

Pop. 25,303·Shelby County·74th most expensive ZIP in Tennessee
Median rent (all units)
$1,625/mo
Year-over-Year
+4.7%
Month-over-Month
+6.8%
vs US Median
-$340
Rising (Monthly)
Be the first to discuss 38053 rents ↓
Most AffordableMost Expensive
ZIP 38053 · $1,625
More affordable than 65% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$1,050
1 BR
$1,140
2 BR
$1,260
3 BR
$1,660
4 BR+
$1,940
Research median
$1,260/mo

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

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$19,500/yr
At $1,625/mo median
Location
StateTN
CountyShelby County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 4.7% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+4.7% YoY, +6.8% MoM), not inventory.
Demographics

Who lives here

ZIP 38053 (Millington, TN) is majority owner-occupied, has a median income below the national average, 21% of residents hold a bachelor's degree or higher.

Population
25,303
Median income
$58,194
Median age
39.4
Renters
33.1%
Age distribution
24.3%
20.7%
19.7%
17%
18.3%
Under 1824.3%
18–3420.7%
35–5419.7%
55–6417%
65+18.3%
Gender
46.6%
53.4%
Male46.6%
Female53.4%
Race & ethnicity
58.9%
28.5%
White58.9%
Black28.5%
Hispanic8.8%
Asian1.9%
Other1.9%
Education (25+)
36.8%
32.2%
21%
No HS diploma9.9%
HS diploma36.8%
Some college32.2%
Bachelor's+21%
Housing tenure
66.9%
33.1%
Owner66.9%
Renter33.1%

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

2021 vs 2026

How ZIP 38053 in Millington, TN has changed in 5 years

Income
$54,473 → $58,194
up 6.8%
Population
26,135 → 25,303
down 3.2%
Renter share
32.4% → 33.1%
+0.7 pts
Bachelor's+
20% → 21%
+1.0 pts

Household income in the area moved from $54,473 to $58,194 across the same window, up 6.8% versus 2021. The population has contracted by 3.2% since 2021, moving from about 26,135 residents to roughly 25,303.

Community

Discussions about ZIP 38053

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 38053

About renting in ZIP 38053

Last updated: July 20, 2026

ZIP code 38053 covers Millington, TN. The median rent here is $1,625/mo as of July 2026. A 1-bedroom rents for a median of $1,140/mo. A 2-bedroom rents for a median of $1,260/mo.

At 34% of local median household income ($58,194/yr), ZIP 38053 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 38053?

As of July 20, 2026, the median monthly rent in ZIP 38053 (Millington, TN) is $1,625. This is based on aggregated data from public sources and community submissions.

How does ZIP 38053 rent compare to the US average?

ZIP 38053's median rent of $1,625/mo is $340 (17%) below the US national median of $1,965/mo.

How does ZIP 38053 compare to other ZIPs in Tennessee?

ZIP 38053 falls in the middle range for Tennessee, ranking #74 out of 145 ZIPs at $1,625/mo.

How much income do you need to rent in ZIP 38053?

To keep rent at or below 30% of gross income, you would need to earn at least $65,000/year (~$31/hour full-time) to afford the median rent of $1,625/mo in ZIP 38053. The local median household income is $58,194/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 38053?

Rent in ZIP 38053 has increased 4.7% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 38053 an affordable place to rent?

ZIP 38053 is considered moderate for renters. At $1,625/mo, rent takes approximately 34% of the local median household income ($58,194/yr). The standard benchmark is 30%. ZIP 38053 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 38053 residents rent vs. own?

According to Census data, approximately 33.1% of ZIP 38053 households are renters, while 66.9% are owner-occupied. ZIP 38053 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 38053 compare to the rest of Millington?

ZIP 38053 is pricier than Millington as a whole. At $1,625/mo, it's $26 above the Millington citywide median of $1,599/mo.

When was rent data for ZIP 38053 last updated?

Rent data for ZIP 38053 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
34%
MODERATE

At $1,625/mo, rent takes ~34% of ZIP 38053's median household income ($58,194/yr). The standard benchmark is 30%.

ZIP 38053 34%Benchmark 30%
State income taxNone
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 38053 (Millington, TN)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.