ZIP Code 38117
standardSource:
Memphis · Shelby County · Tennessee
- Population
- 26,125
- Median income
- $85,633
- Median home value
- $311,800
- Bachelor's or higher
- 62.0%
- Land area
- 24.2 sq mi
1,079/sq mi
▲ 12% vs US
higher than 69% of US ZIPs
▲ 12% vs US
higher than 68% of US ZIPs
Median age 39.4
Chicago
ZIP code 38117 in Memphis, Tennessee has a population of 26,125. The median household income is $85,633, which is 12% above the national average. Median home value is $311,800, 12% above the US average. 62.0% of residents hold a bachelor's degree or higher.
ZIP code 38117 is classified by USPS as a standard delivery area and covers roughly 24.2 square miles in Memphis, Shelby County, Tennessee. The area is home to 26,125 residents, producing a population density of 1,079 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 38117 against Tennessee and the nation.
On the economic side, the median household income for ZIP 38117 sits at $85,633 (29% above the Tennessee average), while per-capita income is $65,576. The poverty rate stands at 9.9% and the unemployment rate 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, a direct signal of whether 38117 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 62.0% of adults hold a bachelor's degree or higher, the median age is 39.4, and the average commute is 19 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Shelby County, so you can benchmark 38117 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 38117
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 38117.
- Retail trade
Retail trade
178 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
95 establishments
- Other services (except public administration)
Other services (except public administration)
93 establishments
- Accommodation and food services
Accommodation and food services
91 establishments
- Health care and social assistance
Health care and social assistance
86 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 + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, 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; HUD FMR + 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
Who lives in ZIP 38117?
39.4
Median Age
46.8%
Male
53.2%
Female
5.8%
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?
$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
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?
12,235
Total Housing Units
11,613
Occupied Units
622
Vacant Units
2.21
Avg Household Size
Occupancy Type
$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 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
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Frequently Asked Questions
What county is ZIP code 38117 in? ▼
What is the population of ZIP code 38117? ▼
What is the median household income in ZIP 38117? ▼
What is the average home value in ZIP 38117? ▼
What is the demographic makeup of ZIP 38117? ▼
How many businesses are in ZIP code 38117? ▼
What are the main industries in ZIP code 38117? ▼
How have home values changed in ZIP code 38117? ▼
What is the education level in ZIP code 38117? ▼
What is the average commute time in ZIP 38117? ▼
What percentage of residents own vs. rent in ZIP 38117? ▼
What is the poverty rate in ZIP code 38117? ▼
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.
Read our methodology , how this data is sourced, computed, and verified.