Memphis, TN · standard
ZIP Code 38114
Shelby County, Tennessee - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 26,905
- 1,377/sq mi High-density area
- $34,206
- Median income Below-median income area
- $82,000
- Median home value Below-median home value
- 15.0%
- Bachelor's or higher Below-average bachelor's attainment
National ZIP placement
Memphis pairs one of the lowest household incomes in the country with among the most affordable home values nationally, in a low-density, mixed-tenure area.
- 3rd pct
- household income, US ZIPs
- 5th pct
- home value, US ZIPs
- 1,377
- people per sq mi
- 46%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 38114 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 38114 (Memphis, TN) fell -8.6% from 2023 to 2024.
ZIP code 38114 is a densely settled ZIP (a standard USPS delivery area) in Memphis, Shelby County, Tennessee, with 26,905 residents across 19.5 square miles, a density of 1,377 people per square mile, in the Chicago time zone.
ZIP 38114 sits on the lower end of the income spectrum: median household income is $34,206 (49% below the average Tennessee ZIP), while per-capita income is $23,741. Economic pressure is pronounced: 33.0% of residents are below the poverty line and unemployment is 14.6%. Home values sit below the statewide ZIP benchmark: the median is $82,000 (67% below the average Tennessee ZIP), and median rent is $905; owner occupancy is 46.0%.
Educational attainment sits below the national norm: 15.0% of adults hold a bachelor's degree or higher, the median age is 42.7, and the average commute is 20 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Shelby County, so 38114 can be compared with both its immediate and county-level context.
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 38114
Top 5 sectors by establishment count in Memphis, TN
Which industries have the most business establishments in ZIP 38114.
- Retail trade
Retail trade
65 establishments
- Accommodation and food services
Accommodation and food services
33 establishments
- Other services (except public administration)
Other services (except public administration)
33 establishments
- Transportation and warehousing
Transportation and warehousing
27 establishments
- Construction 24
Construction
24 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, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 38114, 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
26,905
Population
19.5
Area (sq mi)
1,377
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 38114?
42.7
Median Age
50.8%
Male
49.2%
Female
2.2%
Foreign-Born
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?
$34,206
Median Household Income
-49% vs state ZIP avg
$23,741
Per Capita Income
33.0%
Poverty Rate
14.6%
Unemployment Rate
20.4 min
Mean Commute Time
How ZIP 38114 ranks among Tennessee ZIPs
Memphis, TN household income vs. every Tennessee ZIP code
Median household income among 593 reporting Tennessee ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$34,206 4th percentile higher than 4% of 593 Tennessee ZIPs
Each bar is a $20K-wide band; taller bars hold more Tennessee 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?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
12,226housing units
12,226
Total Housing Units
9,438
Occupied Units
2,788
Vacant Units
2.14
Avg Household Size
Occupancy Type
$82,000
Median Home Value
-67% vs state ZIP avg
$905
Median Rent
1955
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What businesses operate in this ZIP?
Census Bureau data shows 279 business establishments in ZIP 38114, employing approximately 3,280 people with a combined annual payroll of $182,105,000.
279
Businesses
3,280
Employees
$182.1M
Annual Payroll
13
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Retail trade | 65 | 23.3% |
| Accommodation and food services | 33 | 11.8% |
| Other services (except public administration) | 33 | 11.8% |
| Transportation and warehousing | 27 | 9.7% |
| Construction | 24 | 8.6% |
| Health care and social assistance | 23 | 8.2% |
| Wholesale trade | 18 | 6.5% |
| Manufacturing | 12 | 4.3% |
| Professional, scientific, and technical services | 10 | 3.6% |
| Finance and insurance | 9 | 3.2% |
| Real estate and rental and leasing | 9 | 3.2% |
| Administrative and support and waste management and remediation services | 8 | 2.9% |
| Information | 3 | 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 38114 vs 38131 →
ZIP 38114 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 38111
Memphis (38111)
41,742 residents
- 38116
Memphis (38116)
40,404 residents
- 38114
Memphis (38114)
26,905 residents
- 38117
Memphis (38117)
26,125 residents
- 38104
Memphis (38104)
23,409 residents
- 38108
Memphis (38108)
18,729 residents
- 38112
Memphis (38112)
17,472 residents
- 38126 7,334
Memphis (38126)
7,334 residents
- 38152 834
Memphis (38152)
834 residents
What this shows Among its immediate neighbors, ZIP 38114 ranks #3 by population - useful context the national average alone can't give.
ZIP 38114 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 38117
Memphis (38117)
$85,633 median income
- 38104
Memphis (38104)
$58,117 median income
- 38112
Memphis (38112)
$55,207 median income
- 38111
Memphis (38111)
$52,589 median income
- 38116
Memphis (38116)
$42,183 median income
- 38108
Memphis (38108)
$36,257 median income
- 38114 $34,206
Memphis (38114)
$34,206 median income
- 38126 $30,071
Memphis (38126)
$30,071 median income
What this shows By household income, ZIP 38114 ranks #7 of 8 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 38131 | Memphis, TN | 0 | 2.1 mi |
| 38132 | Memphis, TN | 7 | 1.9 mi |
| 38104 | Memphis, TN | 23,409 | 2.7 mi |
| 38111 | Memphis, TN | 41,742 | 2.5 mi |
| 38112 | Memphis, TN | 17,472 | 3.6 mi |
| 38152 | Memphis, TN | 834 | 3.5 mi |
| 38116 | Memphis, TN | 40,404 | 4.6 mi |
| 38126 | Memphis, TN | 7,334 | 3.9 mi |
| 38108 | Memphis, TN | 18,729 | 5.6 mi |
| 38117 | Memphis, TN | 26,125 | 4.7 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 38114, both outside TN so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (26,905 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Shelby County
Related Areas
Frequently Asked Questions
What county is ZIP code 38114 in?
ZIP code 38114 (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 38114?
ZIP code 38114 in Memphis, TN has a population of 26,905 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 38114?
The median household income in ZIP 38114 is $34,206, which is 55% below the national average of $76,288.
What is the average home value in ZIP 38114?
The median home value in ZIP 38114 is $82,000, which is 71% below the national average of $278,155.
What is the demographic makeup of ZIP 38114?
The largest racial group in ZIP 38114 is African American at 89.1%. Hispanic or Latino residents make up 4.8% of the population.
How many businesses are in ZIP code 38114?
ZIP code 38114 has 279 business establishments employing approximately 3,280 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 38114?
The top industries by establishment count in ZIP 38114 are: Retail trade (65), Accommodation and food services (33), Other services (except public administration) (33). There are 13 industry sectors represented in total.
What is the education level in ZIP code 38114?
In ZIP code 38114, 53.8% of residents aged 25+ have a high school diploma or higher, and 15.0% 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 38114?
The mean commute time for workers in ZIP code 38114 is 20.4 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 38114?
In ZIP code 38114, approximately 46.0% of occupied housing units are owner-occupied and 54.0% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 38114?
The poverty rate in ZIP code 38114 is 33.0% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 38114's numbers, next.
- See how ZIP 38114 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Memphis, TN ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.