ZIP Code 38111

standard

Source:

Memphis · Shelby County · Tennessee

Population
41,742

1,628/sq mi

Median income
$52,589

▼ 31% vs US

higher than 18% of US ZIPs

Median home value
$190,100

▼ 32% vs US

higher than 41% of US ZIPs

Bachelor's or higher
39.1%

Median age 32.2

Land area
25.6 sq mi

Chicago

ZIP code 38111 in Memphis, Tennessee has a population of 41,742. The median household income is $52,589, which is 31% below the national average. Median home value is $190,100, 32% below the US average. 39.1% of residents hold a bachelor's degree or higher.

ZIP code 38111 is classified by USPS as a standard delivery area and covers roughly 25.6 square miles in Memphis, Shelby County, Tennessee. The area is home to 41,742 residents, producing a population density of 1,628 people per square mile, and falls within the Chicago time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 38111 against Tennessee and the nation.

On the economic side, the median household income for ZIP 38111 sits at $52,589 (21% below the Tennessee average), while per-capita income is $38,740. The poverty rate stands at 26.1% and the unemployment rate at 8.3%. On housing, the median home value is $190,100 (23% below the state average) with median rent at $1,155 per month, and 44.2% of occupied units are owner-occupied, a direct signal of whether 38111 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 39.1% of adults hold a bachelor's degree or higher, the median age is 32.2, and the average commute is 18 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Shelby County, so you can benchmark 38111 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →

Top industries in ZIP 38111

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 38111.

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 + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 38111, Memphis, TN · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.

Quick Facts

41,742

Population

25.6

Area (sq mi)

1,628

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 38111?

32.2

Median Age

45.2%

Male

54.8%

Female

9.3%

Foreign-Born

White 34.3%
African American 48.8%
Asian 3.5%
American Indian or Alaska Native 3.3%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 5.8%
Hispanic or Latino 13.3%

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?

$52,589

Median Household Income

-21% vs state

$38,740

Per Capita Income

26.1%

Poverty Rate

8.3%

Unemployment Rate

18.1 min

Mean Commute Time

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

What is the education profile here?

High School Graduate or Higher 65.1%
Bachelor's Degree or Higher 39.1%

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

What does housing look like?

19,695

Total Housing Units

17,486

Occupied Units

2,209

Vacant Units

2.33

Avg Household Size

Occupancy Type

Owner 44.2%
Renter 55.8%

$190,100

Median Home Value

-23% vs state

$1,155

Median Rent

1956

Median Year Built

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

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

-3.9%

YoY Change (2024)

204

HPI Index (2000 = 100)

+104%

Total Change Since 2000

Home values in ZIP 38111 have decreased 3.9% over the past year (2024). Since 2000, this ZIP has seen +104% cumulative appreciation.

Year Annual Change HPI Index
2020 +5.7% 167
2021 +10.9% 185
2022 +14.5% 212
2023 +0.3% 213
2024 -3.9% 204

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 2024. ZIP codes with few transactions may show missing values.

What businesses operate in this ZIP?

Census Bureau data shows 527 business establishments in ZIP 38111, employing approximately 7,260 people with a combined annual payroll of $292,800,000.

527

Businesses

7,260

Employees

$292.8M

Annual Payroll

15

Industry Sectors

Industry Establishments % of Total
Retail trade 117 22.2%
Accommodation and food services 68 12.9%
Other services (except public administration) 63 11.9%
Health care and social assistance 54 10.3%
Professional, scientific, and technical services 45 8.5%
Real estate and rental and leasing 30 5.7%
Finance and insurance 29 5.5%
Administrative and support and waste management and remediation services 26 4.9%
Construction 25 4.7%
Wholesale trade 16 3.0%
Transportation and warehousing 14 2.7%
Information 14 2.7%
Educational services 11 2.1%
Arts, entertainment, and recreation 8 1.5%
Manufacturing 6 1.1%

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 38111 vs 38152 →

ZIP Code City Population Distance
38152 Memphis, TN 834 1.0 mi
38117 Memphis, TN 26,125 2.2 mi
38114 Memphis, TN 26,905 2.5 mi
38112 Memphis, TN 17,472 3.2 mi
38122 Memphis, TN 25,270 3.6 mi
38104 Memphis, TN 23,409 3.7 mi
38118 Memphis, TN 41,465 5.2 mi
38108 Memphis, TN 18,729 4.8 mi
38131 Memphis, TN 0 4.1 mi
38132 Memphis, TN 7 4.2 mi

More ZIP Codes in Shelby County

Frequently Asked Questions

What county is ZIP code 38111 in?
ZIP code 38111 (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 38111?
ZIP code 38111 in Memphis, TN has a population of 41,742 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 38111?
The median household income in ZIP 38111 is $52,589, which is 31% below the national average of $76,288.
What is the average home value in ZIP 38111?
The median home value in ZIP 38111 is $190,100, which is 32% below the national average of $278,155.
What is the demographic makeup of ZIP 38111?
The largest racial group in ZIP 38111 is African American at 48.8%. Hispanic or Latino residents make up 13.3% of the population.
How many businesses are in ZIP code 38111?
ZIP code 38111 has 527 business establishments employing approximately 7,260 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 38111?
The top industries by establishment count in ZIP 38111 are: Retail trade (117), Accommodation and food services (68), Other services (except public administration) (63). There are 15 industry sectors represented in total.
How have home values changed in ZIP code 38111?
According to the FHFA House Price Index, home values in ZIP 38111 decreased by 3.9% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 104%. 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 38111?
In ZIP code 38111, 65.1% of residents aged 25+ have a high school diploma or higher, and 39.1% 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 38111?
The mean commute time for workers in ZIP code 38111 is 18.1 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 38111?
In ZIP code 38111, approximately 44.2% of occupied housing units are owner-occupied and 55.8% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 38111?
The poverty rate in ZIP code 38111 is 26.1% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

ZIP Code Research Guides

Official Data Resources for Memphis, TN

Verify and explore additional data for this area using these official government sources.

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023). Business data: Source: Census ZIP Code Business Patterns (ZBP) 2023. Home value trends: Source: FHFA House Price Index (HPI), Five-Digit ZIP Codes.

PlainZIP is not affiliated with the U.S. Census Bureau or any government agency.