| ZIP Code | 38118 |
|---|---|
| City | Memphis |
| State | Tennessee (TN) |
| County | Shelby County |
| Area Code | 901 |
| Elevation | 326 ft |
| Latitude | 35.035097 |
|---|---|
| Longitude | -89.927158 |
| Timezone | Chicago (DST) |
| FIPS | 47157 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 28.9 yrs ↓ 2% since 2019 |
|---|---|
| Avg Household Size | 2.93 |
| Below Poverty | 32.2% ▲ 222% above avg |
| College Grads | 21.7% ▼ 44% below avg |
| Unemployment | 11.0% ▲ 125% above avg |
| No HS Diploma | 718 (3.7%) |
| HS Graduate | 8,164 (41.8%) |
| Some College | 2,647 (13.6%) |
| Associates | 3,762 (19.3%) |
| Bachelors | 1,564 (8%) |
| Graduate Degree | 2,666 (13.7%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $42,464 ▼ 44% below avg ↑ 20% since 2019 |
|---|---|
| Median Home Value | $95,700 ▼ 66% below avg ↑ 31% since 2019 |
| Home/Income Ratio | 2.3x (nat avg ~3.5x) |
| Median Rent | $1,105/mo ↑ 21% since 2019 |
| Total Units | 16,317 |
| Vacant Units | 3,056 |
| Avg HH Size | 2.93 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 16,317 |
|---|---|
| Vacant | 3,056 |
| Owner Occupied | 37.8% |
| Renter Occupied | 62.2% |
| Avg HH Size | 2.93 |
ZIP code 38118 is located in Memphis, Tennessee, within Shelby County. With a population of 39,162, this is a highly populated ZIP code with a young community — the median age is 28.9 years. Economically, 38118 is a working-class ZIP code: the median household income of $42,464 is below the national average.
Real estate in ZIP code 38118 represents one of the more affordable housing markets in the country. The median home value of $95,700 is well below the national average. Renters can expect to pay around $1,105 per month in median rent. This is predominantly a renter community, with 62.2% of occupied units rented — typical of urban and transitional neighborhoods. Median home values have increased by 31% since 2019.
The population of 38118 is primarily Black (73.05%). Residents are less-educated — 21.7% hold a bachelor's degree or higher, which is below the national average. Poverty affects a significant share of residents at 32.2%. Household income has grown by 20% since 2019.
The unemployment rate in 38118 stands at 11.0%, which is more than double the national average. As in most parts of the country, driving alone is the dominant commute mode at 79%.
Overall, ZIP code 38118 in Memphis, TN is characterized as working-class, less-educated, and a young community. With 39,162 residents, a median household income of $42,464, and a median home value of $95,700, it offers a clear picture of life in this part of Tennessee.