PlainZIP

Memphis, TN · standard

ZIP Code 38117

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

26,125
1,079/sq mi
$85,633
Median income
$311,800
Median home value
62.0%
Bachelor's or higher

The verdict

Memphis pairs an above-median household income with above-median home values, in a low-density, homeowner-dominated area.

Top 31%
household income, US ZIPs
Top 32%
home value, US ZIPs
1,079
people per sq mi
76%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 38117 against every reporting US ZIP.

ZIP code 38117 is a densely settled ZIP (a standard USPS delivery area) in Memphis, Shelby County, Tennessee, with 26,125 residents across 24.2 square miles, a density of 1,079 people per square mile, in the Chicago time zone.

ZIP 38117 lands in the middle-income range, with a median household income of $85,633 (29% above the Tennessee average), while per-capita income is $65,576. Poverty here runs at 9.9%, with unemployment measured at 2.9%. On housing, the median home value is $311,800 (26% above the state average) with median rent at $1,457 per month, and 75.7% of occupied units are owner-occupied.

This is a highly-educated ZIP: 62.0% of adults hold a bachelor's degree or higher, the median age is 39.4, and the average commute is 19 minutes. A geography-based comparison follows: 10 ZIP codes within about 10 miles of 38117, plus 6 more within Shelby County, give a clearer read than the national average alone.

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 38117

Top 5 sectors by establishment count in Memphis, TN

Which industries have the most business establishments in ZIP 38117.

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 38117, 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

26,125

Population

24.2

Area (sq mi)

1,079

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 38117?

39.4

Median Age

46.8%

Male

53.2%

Female

5.8%

Foreign-Born

White 76.2%
African American 12.2%
Asian 2.0%
American Indian or Alaska Native 0.3%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 6.9%
Hispanic or Latino 8.7%

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?

$85,633

Median Household Income

+29% vs state

$65,576

Per Capita Income

9.9%

Poverty Rate

2.9%

Unemployment Rate

18.6 min

Mean Commute Time

How ZIP 38117 ranks nationally

Memphis, TN household income vs. every US ZIP code

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

$85,633 Top 31% higher than 69% 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%). Below this entry. $80,000–$100,000: 5,778 US ZIPs (19%). This entry sits in this band. $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 77.0%
Bachelor's Degree or Higher 62.0%

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

What does housing look like?

12,235

Total Housing Units

11,613

Occupied Units

622

Vacant Units

2.21

Avg Household Size

Occupancy Type

Owner 75.7%
Renter 24.3%

$311,800

Median Home Value

+26% vs state

$1,457

Median Rent

1958

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

-0.8%

YoY Change (2024)

216

HPI Index (2000 = 100)

+116%

Total Change Since 2000

Home values in ZIP 38117 have decreased 0.8% over the past year (2024). Since 2000, this ZIP has seen +116% cumulative appreciation.

Year Annual Change HPI Index
2020 +6.2% 171
2021 +11.7% 191
2022 +14.1% 218
2023 -0.2% 218
2024 -0.8% 216

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 825 business establishments in ZIP 38117, employing approximately 15,171 people with a combined annual payroll of $1,011,746,000.

825

Businesses

15,171

Employees

$1.0B

Annual Payroll

17

Industry Sectors

Industry Establishments % of Total
Retail trade 178 21.6%
Professional, scientific, and technical services 95 11.5%
Other services (except public administration) 93 11.3%
Accommodation and food services 91 11.0%
Health care and social assistance 86 10.4%
Finance and insurance 78 9.4%
Administrative and support and waste management and remediation services 49 5.9%
Real estate and rental and leasing 47 5.7%
Construction 24 2.9%
Educational services 20 2.4%
Arts, entertainment, and recreation 15 1.8%
Wholesale trade 13 1.6%
Information 12 1.4%
Manufacturing 9 1.1%
Transportation and warehousing 7 0.8%
Management of companies and enterprises 5 0.6%
Industries not classified 3 0.4%

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 38117 vs 38152 →

ZIP 38117 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 38117 ranks #6 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 38117 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 38117 ranks #3 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
38152 Memphis, TN 834 1.7 mi
38111 Memphis, TN 41,742 2.2 mi
38122 Memphis, TN 25,270 3.2 mi
38120 Memphis, TN 14,237 3.1 mi
38119 Memphis, TN 22,330 4.2 mi
38114 Memphis, TN 26,905 4.7 mi
38115 Memphis, TN 39,129 4.8 mi
38112 Memphis, TN 17,472 4.6 mi
38118 Memphis, TN 41,465 5.7 mi
38134 Memphis, TN 41,948 5.0 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 38117 in? ▼
ZIP code 38117 (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 38117? ▼
ZIP code 38117 in Memphis, TN has a population of 26,125 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 38117? ▼
The median household income in ZIP 38117 is $85,633, which is 12% above the national average of $76,288.
What is the average home value in ZIP 38117? ▼
The median home value in ZIP 38117 is $311,800, which is 12% above the national average of $278,155.
What is the demographic makeup of ZIP 38117? ▼
The largest racial group in ZIP 38117 is White at 76.2%. Hispanic or Latino residents make up 8.7% of the population.
How many businesses are in ZIP code 38117? ▼
ZIP code 38117 has 825 business establishments employing approximately 15,171 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 38117? ▼
The top industries by establishment count in ZIP 38117 are: Retail trade (178), Professional, scientific, and technical services (95), Other services (except public administration) (93). There are 17 industry sectors represented in total.
How have home values changed in ZIP code 38117? ▼
According to the FHFA House Price Index, home values in ZIP 38117 decreased by 0.8% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 116%. 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 38117? ▼
In ZIP code 38117, 77.0% of residents aged 25+ have a high school diploma or higher, and 62.0% 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 38117? ▼
The mean commute time for workers in ZIP code 38117 is 18.6 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 38117? ▼
In ZIP code 38117, approximately 75.7% of occupied housing units are owner-occupied and 24.3% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 38117? ▼
The poverty rate in ZIP code 38117 is 9.9% 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.