| ZIP Code | 38115 |
|---|---|
| City | Memphis |
| State | Tennessee (TN) |
| County | Shelby County |
| Area Code | 901 |
| Elevation | 336 ft |
| Latitude | 35.053175 |
|---|---|
| Longitude | -89.862635 |
| Timezone | Chicago (DST) |
| FIPS | 47157 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 29.9 yrs ↑ 3% since 2019 |
|---|---|
| Avg Household Size | 2.29 |
| Below Poverty | 19.4% ▲ 94% above avg |
| College Grads | 22.7% ▼ 42% below avg |
| Unemployment | 8.4% ▲ 71% above avg |
| No HS Diploma | 457 (2.3%) |
| HS Graduate | 8,453 (41.7%) |
| Some College | 1,776 (8.8%) |
| Associates | 4,988 (24.6%) |
| Bachelors | 1,554 (7.7%) |
| Graduate Degree | 3,035 (15%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $42,931 ▼ 44% below avg ↑ 32% since 2019 |
|---|---|
| Median Home Value | $129,700 ▼ 53% below avg ↑ 41% since 2019 |
| Home/Income Ratio | 3.0x (nat avg ~3.5x) |
| Median Rent | $1,129/mo ↑ 29% since 2019 |
| Total Units | 19,179 |
| Vacant Units | 3,112 |
| Avg HH Size | 2.29 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 19,179 |
|---|---|
| Vacant | 3,112 |
| Owner Occupied | 23.0% |
| Renter Occupied | 77.0% |
| Avg HH Size | 2.29 |
ZIP code 38115 is located in Memphis, Tennessee, within Shelby County. With a population of 36,878, this is a highly populated ZIP code with a young community — the median age is 29.9 years. Economically, 38115 is a working-class ZIP code: the median household income of $42,931 is below the national average.
Real estate in ZIP code 38115 represents one of the more affordable housing markets in the country. The median home value of $129,700 is well below the national average. Renters can expect to pay around $1,129 per month in median rent. This is predominantly a renter community, with 77.0% of occupied units rented — typical of urban and transitional neighborhoods. Median home values have increased by 41% since 2019.
The population of 38115 is primarily Black (81.33%). Residents are less-educated — 22.7% hold a bachelor's degree or higher, which is below the national average. Poverty affects some residents at 19.4%. Household income has grown by 32% since 2019.
The unemployment rate in 38115 stands at 8.4%, which is significantly above the national average. As in most parts of the country, driving alone is the dominant commute mode at 76%.
Overall, ZIP code 38115 in Memphis, TN is characterized as working-class, less-educated, and a young community. With 36,878 residents, a median household income of $42,931, and a median home value of $129,700, it offers a clear picture of life in this part of Tennessee.