Memphis, TN · standard
ZIP Code 38118
Shelby County, Tennessee - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 41,465
- 513/sq mi High-density area
- $43,446
- Median income Below-median income area
- $107,600
- Median home value Below-median home value
- 12.1%
- 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, renter-heavy area.
- 8th pct
- household income, US ZIPs
- 12th pct
- home value, US ZIPs
- 513
- people per sq mi
- 40%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 38118 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 38118 (Memphis, TN) rose +4.4% from 2023 to 2024. The all-transactions index moved from 214.7 in 2023 to 224.2 in 2024 (2000 = 100).
ZIP code 38118 is a densely settled ZIP (a standard USPS delivery area) in Memphis, Shelby County, Tennessee, with 41,465 residents across 80.8 square miles, a density of 513 people per square mile, in the Chicago time zone.
ZIP 38118 reports a modest median household income of $43,446 (35% below the average Tennessee ZIP), while per-capita income is $22,369. The poverty rate is 30.2%, so the area-level income figures should not be treated as typical household experience. Home values sit below the statewide ZIP benchmark: the median is $107,600 (57% below the average Tennessee ZIP), and median rent is $1,181; owner occupancy is 39.8%.
Formal educational attainment runs low here: just 12.1% of adults hold a bachelor's degree or higher, the median age is 29.1, 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 38118 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 38118
Top 5 sectors by establishment count in Memphis, TN
Which industries have the most business establishments in ZIP 38118.
- Transportation and warehousing
Transportation and warehousing
298 establishments
- Wholesale trade
Wholesale trade
226 establishments
- Retail trade
Retail trade
137 establishments
- Construction 118
Construction
118 establishments
- Administrative and support and waste management and remediation services 90
Administrative and support and waste management and remediation services
90 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 38118, 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
41,465
Population
80.8
Area (sq mi)
513
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 38118?
29.1
Median Age
47.3%
Male
52.7%
Female
14.1%
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?
$43,446
Median Household Income
-35% vs state ZIP avg
$22,369
Per Capita Income
30.2%
Poverty Rate
9.4%
Unemployment Rate
19.7 min
Mean Commute Time
How ZIP 38118 ranks nationally
Memphis, TN household income vs. every US ZIP code
Median household income, the full national distribution, with this ZIP marked
$43,446 8th percentile higher than 8% 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
16,253housing units
16,253
Total Housing Units
13,209
Occupied Units
3,044
Vacant Units
2.94
Avg Household Size
Occupancy Type
$107,600
Median Home Value
-57% vs state ZIP avg
$1,181
Median Rent
1973
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
+4.4%
YoY Change (2024)
224
HPI Index (2000 = 100)
+124%
Total Change Since 2000
Home values in ZIP 38118 have increased 4.4% over the past year (2024). Since 2000, this ZIP has seen +124% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +9.7% | 134 |
| 2021 | +14.9% | 154 |
| 2022 | +23.3% | 190 |
| 2023 | +13.0% | 215 |
| 2024 | +4.4% | 224 |
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 1,387 business establishments in ZIP 38118, employing approximately 64,496 people with a combined annual payroll of $4,776,879,000.
1,387
Businesses
64,496
Employees
$4.8B
Annual Payroll
15
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Transportation and warehousing | 298 | 21.5% |
| Wholesale trade | 226 | 16.3% |
| Retail trade | 137 | 9.9% |
| Construction | 118 | 8.5% |
| Administrative and support and waste management and remediation services | 90 | 6.5% |
| Other services (except public administration) | 76 | 5.5% |
| Manufacturing | 73 | 5.3% |
| Accommodation and food services | 71 | 5.1% |
| Health care and social assistance | 69 | 5.0% |
| Real estate and rental and leasing | 68 | 4.9% |
| Professional, scientific, and technical services | 54 | 3.9% |
| Finance and insurance | 39 | 2.8% |
| Management of companies and enterprises | 32 | 2.3% |
| Information | 23 | 1.7% |
| Educational services | 9 | 0.7% |
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 38118 vs 38116 →
ZIP 38118 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
- 38118
Memphis (38118)
41,465 residents
- 38116
Memphis (38116)
40,404 residents
- 38115
Memphis (38115)
39,129 residents
- 38114
Memphis (38114)
26,905 residents
- 38117
Memphis (38117)
26,125 residents
- 38141
Memphis (38141)
22,462 residents
- 38672 11,249
Southaven (38672)
11,249 residents
- 38152 834
Memphis (38152)
834 residents
What this shows Among its immediate neighbors, ZIP 38118 ranks #2 by population - useful context the national average alone can't give.
ZIP 38118 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 38672
Southaven (38672)
$116,184 median income
- 38117
Memphis (38117)
$85,633 median income
- 38141
Memphis (38141)
$60,817 median income
- 38111
Memphis (38111)
$52,589 median income
- 38115 $45,636
Memphis (38115)
$45,636 median income
- 38118 $43,446
Memphis (38118)
$43,446 median income
- 38116 $42,183
Memphis (38116)
$42,183 median income
- 38114 $34,206
Memphis (38114)
$34,206 median income
What this shows By household income, ZIP 38118 ranks #6 of 8 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 38116 | Memphis, TN | 40,404 | 4.5 mi |
| 38111 | Memphis, TN | 41,742 | 5.2 mi |
| 38115 | Memphis, TN | 39,129 | 4.1 mi |
| 38152 | Memphis, TN | 834 | 6.0 mi |
| 38131 | Memphis, TN | 0 | 4.0 mi |
| 38141 | Memphis, TN | 22,462 | 4.6 mi |
| 38132 | Memphis, TN | 7 | 4.6 mi |
| 38117 | Memphis, TN | 26,125 | 5.7 mi |
| 38114 | Memphis, TN | 26,905 | 5.2 mi |
| 38672 | Southaven, MS | 11,249 | 6.8 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 38118, 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 (41,465 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 38118 in?
ZIP code 38118 (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 38118?
ZIP code 38118 in Memphis, TN has a population of 41,465 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 38118?
The median household income in ZIP 38118 is $43,446, which is 43% below the national average of $76,288.
What is the average home value in ZIP 38118?
The median home value in ZIP 38118 is $107,600, which is 61% below the national average of $278,155.
What is the demographic makeup of ZIP 38118?
The largest racial group in ZIP 38118 is African American at 71.9%. Hispanic or Latino residents make up 20.9% of the population.
How many businesses are in ZIP code 38118?
ZIP code 38118 has 1,387 business establishments employing approximately 64,496 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 38118?
The top industries by establishment count in ZIP 38118 are: Transportation and warehousing (298), Wholesale trade (226), Retail trade (137). There are 15 industry sectors represented in total.
How have home values changed in ZIP code 38118?
According to the FHFA House Price Index, home values in ZIP 38118 increased by 4.4% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 124%. 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 38118?
In ZIP code 38118, 47.9% of residents aged 25+ have a high school diploma or higher, and 12.1% 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 38118?
The mean commute time for workers in ZIP code 38118 is 19.7 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 38118?
In ZIP code 38118, approximately 39.8% of occupied housing units are owner-occupied and 60.2% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 38118?
The poverty rate in ZIP code 38118 is 30.2% 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 38118's numbers, next.
- See how ZIP 38118 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.