| ZIP Code | 38120 |
|---|---|
| City | Memphis |
| State | Tennessee (TN) |
| County | Shelby County |
| Area Code | 901 |
| Elevation | 250 ft |
| Latitude | 35.123633 |
|---|---|
| Longitude | -89.852645 |
| Timezone | Chicago (DST) |
| FIPS | 47157 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 45.0 yrs |
|---|---|
| Avg Household Size | 2.12 |
| Below Poverty | 7.1% ▼ 29% below avg |
| College Grads | 76.3% ▲ 97% above avg |
| Unemployment | 1.6% ▼ 68% below avg |
| No HS Diploma | 22 (0.2%) |
| HS Graduate | 752 (8%) |
| Some College | 440 (4.7%) |
| Associates | 1,029 (10.9%) |
| Bachelors | 533 (5.6%) |
| Graduate Degree | 6,670 (70.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $119,309 ▲ 56% above avg ↑ 18% since 2019 |
|---|---|
| Median Home Value | $421,500 ▲ 51% above avg ↑ 35% since 2019 |
| Home/Income Ratio | 3.5x (nat avg ~3.5x) |
| Median Rent | $1,552/mo ↑ 38% since 2019 |
| Total Units | 6,785 |
| Vacant Units | 555 |
| Avg HH Size | 2.12 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 6,785 |
|---|---|
| Vacant | 555 |
| Owner Occupied | 73.3% |
| Renter Occupied | 26.7% |
| Avg HH Size | 2.12 |
ZIP code 38120 is located in Memphis, Tennessee, within Shelby County. With a population of 13,249, this is a lightly populated ZIP code with a mature community — the median age is 45 years. Economically, 38120 is a upper-middle-income ZIP code: the median household income of $119,309 is significantly above the national average.
Real estate in ZIP code 38120 represents a premium housing market. The median home value of $421,500 is significantly above the national average. Renters can expect to pay around $1,552 per month in median rent. Homeownership is strong here — 73.3% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 35% since 2019.
The population of 38120 is primarily White (80.96%). Residents are highly educated — 76.3% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects a relatively small share of residents at 7.1%. Household income has grown by 18% since 2019.
The unemployment rate in 38120 stands at 1.6%, which is well below the national average. About 13% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 83%.
Overall, ZIP code 38120 in Memphis, TN is characterized as upper-middle-income, highly educated, a mature community, and predominantly owner-occupied. With 13,249 residents, a median household income of $119,309, and a median home value of $421,500, it offers a clear picture of life in this part of Tennessee.