Memphis, TN · standard
ZIP Code 38116
Shelby County, Tennessee - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 40,404
- 821/sq mi High-density area
- $42,183
- Median income Below-median income area
- $138,600
- Median home value Below-median home value
- 22.2%
- Bachelor's or higher Near-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.
- 7th pct
- household income, US ZIPs
- 22nd pct
- home value, US ZIPs
- 821
- people per sq mi
- 43%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 38116 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 38116 (Memphis, TN) rose +6.0% from 2023 to 2024. The all-transactions index moved from 200.2 in 2023 to 212.2 in 2024 (2000 = 100).
ZIP code 38116 is a densely settled ZIP (a standard USPS delivery area) in Memphis, Shelby County, Tennessee, with 40,404 residents across 49.2 square miles, a density of 821 people per square mile, in the Chicago time zone.
ZIP 38116 reports a modest median household income of $42,183 (37% below the average Tennessee ZIP), while per-capita income is $24,131. Economic pressure is pronounced: 31.1% of residents are below the poverty line and unemployment is 13.3%. Home values sit below the statewide ZIP benchmark: the median is $138,600 (44% below the average Tennessee ZIP), and median rent is $1,059; owner occupancy is 43.2%.
Educational attainment sits below the national norm: 22.2% of adults hold a bachelor's degree or higher, the median age is 34.9, and the average commute is 22 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Shelby County, so 38116 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 38116
Top 5 sectors by establishment count in Memphis, TN
Which industries have the most business establishments in ZIP 38116.
- Retail trade
Retail trade
158 establishments
- Health care and social assistance
Health care and social assistance
96 establishments
- Transportation and warehousing
Transportation and warehousing
93 establishments
- Accommodation and food services
Accommodation and food services
90 establishments
- Wholesale trade 62
Wholesale trade
62 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 38116, 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
40,404
Population
49.2
Area (sq mi)
821
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 38116?
34.9
Median Age
45.4%
Male
54.6%
Female
3.9%
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?
$42,183
Median Household Income
-37% vs state ZIP avg
$24,131
Per Capita Income
31.1%
Poverty Rate
13.3%
Unemployment Rate
21.5 min
Mean Commute Time
How ZIP 38116 ranks nationally
Memphis, TN household income vs. every US ZIP code
Median household income, the full national distribution, with this ZIP marked
$42,183 7th percentile higher than 7% of 30,318 US ZIPs
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?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
18,546housing units
18,546
Total Housing Units
15,599
Occupied Units
2,947
Vacant Units
2.54
Avg Household Size
Occupancy Type
$138,600
Median Home Value
-44% vs state ZIP avg
$1,059
Median Rent
1966
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
+6.0%
YoY Change (2024)
212
HPI Index (2000 = 100)
+112%
Total Change Since 2000
Home values in ZIP 38116 have increased 6.0% over the past year (2024). Since 2000, this ZIP has seen +112% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +12.7% | 134 |
| 2021 | +13.5% | 152 |
| 2022 | +17.0% | 178 |
| 2023 | +12.6% | 200 |
| 2024 | +6.0% | 212 |
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 810 business establishments in ZIP 38116, employing approximately 16,796 people with a combined annual payroll of $962,465,000.
810
Businesses
16,796
Employees
$962.5M
Annual Payroll
16
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Retail trade | 158 | 19.5% |
| Health care and social assistance | 96 | 11.8% |
| Transportation and warehousing | 93 | 11.5% |
| Accommodation and food services | 90 | 11.1% |
| Wholesale trade | 62 | 7.7% |
| Other services (except public administration) | 60 | 7.4% |
| Finance and insurance | 49 | 6.0% |
| Real estate and rental and leasing | 44 | 5.4% |
| Construction | 35 | 4.3% |
| Management of companies and enterprises | 28 | 3.5% |
| Administrative and support and waste management and remediation services | 27 | 3.3% |
| Professional, scientific, and technical services | 26 | 3.2% |
| Manufacturing | 22 | 2.7% |
| Information | 10 | 1.2% |
| Arts, entertainment, and recreation | 5 | 0.6% |
| Educational services | 4 | 0.5% |
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 38116 vs 38132 →
ZIP 38116 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 38109
Memphis (38109)
46,594 residents
- 38118
Memphis (38118)
41,465 residents
- 38116
Memphis (38116)
40,404 residents
- 38671
Southaven (38671)
35,712 residents
- 38114
Memphis (38114)
26,905 residents
- 38637
Horn Lake (38637)
26,066 residents
- 38104
Memphis (38104)
23,409 residents
- 38126 7,334
Memphis (38126)
7,334 residents
- 38105 6,184
Memphis (38105)
6,184 residents
What this shows Among its immediate neighbors, ZIP 38116 ranks #3 by population - useful context the national average alone can't give.
ZIP 38116 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 38671
Southaven (38671)
$61,843 median income
- 38104
Memphis (38104)
$58,117 median income
- 38637
Horn Lake (38637)
$53,311 median income
- 38118
Memphis (38118)
$43,446 median income
- 38116
Memphis (38116)
$42,183 median income
- 38109
Memphis (38109)
$37,496 median income
- 38114
Memphis (38114)
$34,206 median income
- 38105
Memphis (38105)
$34,015 median income
- 38126
Memphis (38126)
$30,071 median income
What this shows By household income, ZIP 38116 ranks #5 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 38132 | Memphis, TN | 7 | 2.7 mi |
| 38131 | Memphis, TN | 0 | 2.5 mi |
| 38671 | Southaven, MS | 35,712 | 4.7 mi |
| 38118 | Memphis, TN | 41,465 | 4.5 mi |
| 38114 | Memphis, TN | 26,905 | 4.6 mi |
| 38104 | Memphis, TN | 23,409 | 6.9 mi |
| 38637 | Horn Lake, MS | 26,066 | 6.1 mi |
| 38126 | Memphis, TN | 7,334 | 6.7 mi |
| 38109 | Memphis, TN | 46,594 | 7.8 mi |
| 38105 | Memphis, TN | 6,184 | 8.3 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 38116, 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 (40,404 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 38116 in?
ZIP code 38116 (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 38116?
ZIP code 38116 in Memphis, TN has a population of 40,404 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 38116?
The median household income in ZIP 38116 is $42,183, which is 45% below the national average of $76,288.
What is the average home value in ZIP 38116?
The median home value in ZIP 38116 is $138,600, which is 50% below the national average of $278,155.
What is the demographic makeup of ZIP 38116?
The largest racial group in ZIP 38116 is African American at 91.5%. Hispanic or Latino residents make up 3.5% of the population.
How many businesses are in ZIP code 38116?
ZIP code 38116 has 810 business establishments employing approximately 16,796 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 38116?
The top industries by establishment count in ZIP 38116 are: Retail trade (158), Health care and social assistance (96), Transportation and warehousing (93). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 38116?
According to the FHFA House Price Index, home values in ZIP 38116 increased by 6.0% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 112%. 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 38116?
In ZIP code 38116, 57.1% of residents aged 25+ have a high school diploma or higher, and 22.2% 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 38116?
The mean commute time for workers in ZIP code 38116 is 21.5 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 38116?
In ZIP code 38116, approximately 43.2% of occupied housing units are owner-occupied and 56.8% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 38116?
The poverty rate in ZIP code 38116 is 31.1% 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 38116's numbers, next.
- See how ZIP 38116 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
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ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.