| ZIP Code | 38116 |
|---|---|
| City | Memphis |
| State | Tennessee (TN) |
| County | Shelby County |
| Area Code | 901 |
| Elevation | 304 ft |
| Latitude | 35.032339 |
|---|---|
| Longitude | -90.008916 |
| Timezone | Chicago (DST) |
| FIPS | 47157 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 34.2 yrs |
|---|---|
| Avg Household Size | 2.67 |
| Below Poverty | 29.3% ▲ 193% above avg |
| College Grads | 31.0% ▼ 20% below avg |
| Unemployment | 11.4% ▲ 133% above avg |
| No HS Diploma | 443 (1.9%) |
| HS Graduate | 8,891 (37.5%) |
| Some College | 2,060 (8.7%) |
| Associates | 4,942 (20.9%) |
| Bachelors | 2,025 (8.5%) |
| Graduate Degree | 5,329 (22.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $44,663 ▼ 41% below avg ↑ 4% since 2019 |
|---|---|
| Median Home Value | $125,800 ▼ 55% below avg ↑ 32% since 2019 |
| Home/Income Ratio | 2.8x (nat avg ~3.5x) |
| Median Rent | $1,035/mo ↑ 23% since 2019 |
| Total Units | 18,526 |
| Vacant Units | 3,138 |
| Avg HH Size | 2.67 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 18,526 |
|---|---|
| Vacant | 3,138 |
| Owner Occupied | 44.0% |
| Renter Occupied | 56.0% |
| Avg HH Size | 2.67 |
ZIP code 38116 is located in Memphis, Tennessee, within Shelby County. With a population of 41,393, this is a highly populated ZIP code with a relatively young community — the median age is 34.2 years. Economically, 38116 is a working-class ZIP code: the median household income of $44,663 is below the national average.
Real estate in ZIP code 38116 represents one of the more affordable housing markets in the country. The median home value of $125,800 is well below the national average. Renters can expect to pay around $1,035 per month in median rent. The area has a relatively balanced mix of owners (44.0%) and renters (56.0%). Median home values have increased by 32% since 2019.
The population of 38116 is primarily Black (91.08%). Residents are moderately educated — 31.0% hold a bachelor's degree or higher, which is below the national average. Poverty affects a significant share of residents at 29.3%. Household income has grown by 4% since 2019.
The unemployment rate in 38116 stands at 11.4%, which is more than double the national average. As in most parts of the country, driving alone is the dominant commute mode at 80%.
Overall, ZIP code 38116 in Memphis, TN is characterized as working-class, moderately educated, and a relatively young community. With 41,393 residents, a median household income of $44,663, and a median home value of $125,800, it offers a clear picture of life in this part of Tennessee.