79245 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Hall County
Centroid: Latitude 34.727, Longitude -100.539
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 79245 has segments in 3 Counties (Collingsworth, Donley, Hall).

Businesses Addresses: 137
PO Box Addresses: 136
Residential Addresses: 928

Multi-Family Addresses: 0
Single Family Addresses: 928

The ZIP Code maps and database are updated 4 times per year.
Database updated: June 1, 2024, Maps updated: May 1, 2024.

Memphis, TX 79245 Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	2,218 (100%)
Population in Households	2,192 (98.8%)
Population in Families	1,718 (77.5%)
Population in Group Quarters¹	26 ( 1.2%)
Population Density	15
Diversity Index²	77


INCOME
Median Household Income	$48,896
Average Household Income	$71,966
% of Income for Mortgage⁴	11%
Per Capita Income	$31,555
Wealth Index⁵	66
Socioeconomic Status Index⁶	Low (40.8)

HOUSING
Total HU (Housing Units)	1,298 (100%)
Owner Occupied HU	706 (54.4%)
Renter Occupied HU	266 (20.5%)
Vacant Housing Units	326 (25.1%)
Median Home Value	$83,460
Average Home Value	$126,983
Housing Affordability Index³	221

HOUSEHOLDS
Total Households	972
Average Household Size	2.26
Family Households	613
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Memphis, TX 79245 - Peer Comparisons by Rank and Percentile

The table below compares 79245 to the other 1,840 ZIP Codes in Texas by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.68%	-0.38%
Households	-0.41%	0.04%
Families		-0.36%
Median Household Income		1.28%
Per Capita Income		2.68%
Owner Occupied HU		0.34%

Variable Description	Rank	Percentile
Total Population	# 1245	32nd
Population Density	# 1366	26th
Median Household Income	# 1570	15th
Housing Affordability Index	# 1773	96th
Per Capita Income	# 1159	37th
Diversity Index	# 594	68th

79245 ZIP Code Profile, Map, Data & Demographics

ZIP Code 79245: Basic Data & USPS Preferred City Name

Memphis, TX 79245 Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Memphis, TX 79245 - Peer Comparisons by Rank and Percentile

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