PlainZIP

Memphis, TN · standard

ZIP Code 38103

Shelby County, Tennessee - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

12,180
1,781/sq mi
$76,278
Median income
$397,300
Median home value
61.6%
Bachelor's or higher

The verdict

Memphis pairs an above-median household income with upper-quartile home values, in a low-density, renter-heavy area.

Top 43%
household income, US ZIPs
Top 21%
home value, US ZIPs
1,781
people per sq mi
32%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 38103 against every reporting US ZIP.

ZIP code 38103 is a mid-sized community (a standard USPS delivery area) in Memphis, Shelby County, Tennessee, home to 12,180 residents across 6.8 square miles, a density of 1,781 people per square mile, in the Chicago time zone.

ZIP 38103 lands in the middle-income range, with a median household income of $76,278 (15% above the Tennessee average), while per-capita income is $74,744. 9.8% of residents live below the poverty line, and the unemployment rate reads 2.1%. On housing, the median home value is $397,300 (61% above the state average) with median rent at $1,661 per month, and 31.7% of occupied units are owner-occupied.

This is a highly-educated ZIP: 61.6% of adults hold a bachelor's degree or higher, the median age is 35.5, and the average commute is 18 minutes. To put 38103 in local context, 10 ZIP codes within roughly 10 miles appear further down this page alongside 6 additional ZIPs in Shelby County, for a geography-aware comparison.

Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →

Top industries in ZIP 38103

Top 5 sectors by establishment count in Memphis, TN

Which industries have the most business establishments in ZIP 38103.

establishments

What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.

Source U.S. Census Bureau · ZIP Code Business Patterns (ZBP) As of 2023

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 38103, Memphis, TN · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.

Quick Facts

12,180

Population

6.8

Area (sq mi)

1,781

People / sq mi

Chicago

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 38103?

35.5

Median Age

59.9%

Male

40.1%

Female

9.5%

Foreign-Born

White 60.9%
African American 25.8%
Asian 7.4%
American Indian or Alaska Native 0.1%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 4.6%
Hispanic or Latino 4.1%

Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How much do residents earn?

$76,278

Median Household Income

+15% vs state

$74,744

Per Capita Income

9.8%

Poverty Rate

2.1%

Unemployment Rate

18.2 min

Mean Commute Time

How ZIP 38103 ranks nationally

Memphis, TN household income vs. every US ZIP code

Median household income, the full national distribution, with this ZIP marked

$76,278 Top 43% higher than 57% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). This entry sits in this band. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 75.6%
Bachelor's Degree or Higher 61.6%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

9,303

Total Housing Units

8,372

Occupied Units

931

Vacant Units

1.47

Avg Household Size

Occupancy Type

Owner 31.7%
Renter 68.3%

$397,300

Median Home Value

+61% vs state

$1,661

Median Rent

1999

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How have home values changed over time?

FHFA House Price Index, annual appreciation data based on repeat sales and appraisals

+7.2%

YoY Change (2021)

191

HPI Index (2000 = 100)

+91%

Total Change Since 2000

Home values in ZIP 38103 have increased 7.2% over the past year (2021). Since 2000, this ZIP has seen +91% cumulative appreciation.

Year Annual Change HPI Index
2017 +16.7% 157
2018 +6.8% 167
2019 -0.7% 166
2020 +7.3% 178
2021 +7.2% 191

Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2021. ZIP codes with few transactions may show missing values.

What businesses operate in this ZIP?

Census Bureau data shows 834 business establishments in ZIP 38103, employing approximately 26,012 people with a combined annual payroll of $1,862,898,000.

834

Businesses

26,012

Employees

$1.9B

Annual Payroll

16

Industry Sectors

Industry Establishments % of Total
Professional, scientific, and technical services 175 21.0%
Accommodation and food services 157 18.8%
Other services (except public administration) 91 10.9%
Health care and social assistance 56 6.7%
Real estate and rental and leasing 52 6.2%
Finance and insurance 49 5.9%
Administrative and support and waste management and remediation services 47 5.6%
Retail trade 40 4.8%
Arts, entertainment, and recreation 34 4.1%
Wholesale trade 31 3.7%
Manufacturing 19 2.3%
Information 19 2.3%
Transportation and warehousing 18 2.2%
Management of companies and enterprises 16 1.9%
Construction 15 1.8%
Educational services 15 1.8%

Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.

Nearby ZIP Codes

Want a side-by-side? Compare 38103 vs 38105 →

ZIP 38103 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 38103 ranks #8 by population - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 38103 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

median income

What this shows By household income, ZIP 38103 ranks the highest of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
ZIP Code City Population Distance
38105 Memphis, TN 6,184 1.2 mi
38126 Memphis, TN 7,334 1.9 mi
38107 Memphis, TN 17,698 2.1 mi
38104 Memphis, TN 23,409 3.2 mi
38112 Memphis, TN 17,472 4.5 mi
38106 Memphis, TN 27,222 4.3 mi
38108 Memphis, TN 18,729 5.1 mi
38127 Memphis, TN 45,248 6.2 mi
38114 Memphis, TN 26,905 5.5 mi
38132 Memphis, TN 7 6.4 mi

More ZIP Codes in Shelby County

38017 standard
Collierville, TN
Pop: 48,642
38109 standard
Memphis, TN
Pop: 46,594
38127 standard
Memphis, TN
Pop: 45,248
38128 standard
Memphis, TN
Pop: 44,863
38016 standard
Cordova, TN
Pop: 43,079
38134 standard
Memphis, TN
Pop: 41,948

Related Areas

Shelby County Memphis, TN Tennessee

Frequently Asked Questions

What county is ZIP code 38103 in? ▼
ZIP code 38103 (Memphis) is located in Shelby County, Tennessee. Shelby County contains multiple ZIP codes, see the full list at /counties/shelby-tn.
What is the population of ZIP code 38103? ▼
ZIP code 38103 in Memphis, TN has a population of 12,180 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 38103? ▼
The median household income in ZIP 38103 is $76,278, which is 0% below the national average of $76,288.
What is the average home value in ZIP 38103? ▼
The median home value in ZIP 38103 is $397,300, which is 43% above the national average of $278,155.
What is the demographic makeup of ZIP 38103? ▼
The largest racial group in ZIP 38103 is White at 60.9%. Hispanic or Latino residents make up 4.1% of the population.
How many businesses are in ZIP code 38103? ▼
ZIP code 38103 has 834 business establishments employing approximately 26,012 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 38103? ▼
The top industries by establishment count in ZIP 38103 are: Professional, scientific, and technical services (175), Accommodation and food services (157), Other services (except public administration) (91). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 38103? ▼
According to the FHFA House Price Index, home values in ZIP 38103 increased by 7.2% in 2021. Since 2000, home values in this ZIP have appreciated by approximately 91%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 38103? ▼
In ZIP code 38103, 75.6% of residents aged 25+ have a high school diploma or higher, and 61.6% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 38103? ▼
The mean commute time for workers in ZIP code 38103 is 18.2 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 38103? ▼
In ZIP code 38103, approximately 31.7% of occupied housing units are owner-occupied and 68.3% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 38103? ▼
The poverty rate in ZIP code 38103 is 9.8% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

Read our methodology to see how this data is sourced, computed, and verified.