| ZIP Code | 38103 |
|---|---|
| City | Memphis |
| State | Tennessee (TN) |
| County | Shelby County |
| Area Code | 901 |
| Elevation | 198 ft |
| Latitude | 35.153069 |
|---|---|
| Longitude | -90.056536 |
| Timezone | Chicago (DST) |
| FIPS | 47157 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 33.9 yrs ↑ 2% since 2019 |
|---|---|
| Avg Household Size | 1.47 |
| Below Poverty | 6.8% ▼ 32% below avg |
| College Grads | 66.2% ▲ 71% above avg |
| Unemployment | 1.7% ▼ 66% below avg |
| HS Graduate | 1,172 (11.1%) |
| Some College | 1,059 (10.1%) |
| Associates | 1,334 (12.7%) |
| Bachelors | 437 (4.1%) |
| Graduate Degree | 6,531 (62%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $75,763 ≈ Avg ↑ 4% since 2019 |
|---|---|
| Median Home Value | $380,900 ▲ 37% above avg ↑ 41% since 2019 |
| Home/Income Ratio | 5.0x (nat avg ~3.5x) |
| Median Rent | $1,575/mo ↑ 24% since 2019 |
| Total Units | 8,811 |
| Vacant Units | 791 |
| Avg HH Size | 1.47 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 8,811 |
|---|---|
| Vacant | 791 |
| Owner Occupied | 30.8% |
| Renter Occupied | 69.2% |
| Avg HH Size | 1.47 |
ZIP code 38103 is located in Memphis, Tennessee, within Shelby County. With a population of 14,025, this is a lightly populated ZIP code with a relatively young community — the median age is 33.9 years. Economically, 38103 is a middle-income ZIP code: the median household income of $75,763 is near the national average.
Real estate in ZIP code 38103 represents a mid-range housing market. The median home value of $380,900 is above the national average. Renters can expect to pay around $1,575 per month in median rent. This is predominantly a renter community, with 69.2% of occupied units rented — typical of urban and transitional neighborhoods. Median home values have increased by 41% since 2019.
The population of 38103 is majority White (56.35%). Residents are highly educated — 66.2% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects a relatively small share of residents at 6.8%. Household income has grown by 4% since 2019.
The unemployment rate in 38103 stands at 1.7%, which is well below the national average. As in most parts of the country, driving alone is the dominant commute mode at 81%.
Overall, ZIP code 38103 in Memphis, TN is characterized as middle-income, highly educated, and a relatively young community. With 14,025 residents, a median household income of $75,763, and a median home value of $380,900, it offers a clear picture of life in this part of Tennessee.