| ZIP Code | 38114 |
|---|---|
| City | Memphis |
| State | Tennessee (TN) |
| County | Shelby County |
| Area Code | 901 |
| Elevation | 302 ft |
| Latitude | 35.09648 |
|---|---|
| Longitude | -89.985957 |
| Timezone | Chicago (DST) |
| FIPS | 47157 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.3 yrs ↑ 19% since 2019 |
|---|---|
| Avg Household Size | 2.11 |
| Below Poverty | 32.0% ▲ 220% above avg |
| College Grads | 20.6% ▼ 47% below avg |
| Unemployment | 16.7% ▲ 242% above avg |
| No HS Diploma | 364 (2.8%) |
| HS Graduate | 5,941 (45.9%) |
| Some College | 1,578 (12.2%) |
| Associates | 2,389 (18.5%) |
| Bachelors | 632 (4.9%) |
| Graduate Degree | 2,026 (15.7%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $32,080 ▼ 58% below avg ↑ 18% since 2019 |
|---|---|
| Median Home Value | $79,000 ▼ 72% below avg ↑ 39% since 2019 |
| Home/Income Ratio | 2.5x (nat avg ~3.5x) |
| Median Rent | $897/mo ↑ 16% since 2019 |
| Total Units | 12,252 |
| Vacant Units | 2,638 |
| Avg HH Size | 2.11 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 12,252 |
|---|---|
| Vacant | 2,638 |
| Owner Occupied | 46.2% |
| Renter Occupied | 53.8% |
| Avg HH Size | 2.11 |
ZIP code 38114 is located in Memphis, Tennessee, within Shelby County. With a population of 20,440, this is a moderately populated ZIP code with a middle-aged community — the median age is 42.3 years. Economically, 38114 is a lower-income ZIP code: the median household income of $32,080 is well below the national average.
Real estate in ZIP code 38114 represents one of the more affordable housing markets in the country. The median home value of $79,000 is well below the national average. Renters can expect to pay around $897 per month in median rent. The area has a relatively balanced mix of owners (46.2%) and renters (53.8%). Median home values have increased by 39% since 2019.
The population of 38114 is primarily Black (90.45%). Residents are less-educated — 20.6% hold a bachelor's degree or higher, which is below the national average. Poverty affects a significant share of residents at 32.0%. Household income has grown by 18% since 2019.
The unemployment rate in 38114 stands at 16.7%, which is more than double the national average. As in most parts of the country, driving alone is the dominant commute mode at 77%.
Overall, ZIP code 38114 in Memphis, TN is characterized as lower-income, less-educated, and a middle-aged community. With 20,440 residents, a median household income of $32,080, and a median home value of $79,000, it offers a clear picture of life in this part of Tennessee.