ZIP Code 38118
standardSource:
Memphis · Shelby County · Tennessee
- Population
- 41,465
- Median income
- $43,446
- Median home value
- $107,600
- Bachelor's or higher
- 12.1%
- Land area
- 80.8 sq mi
513/sq mi
▼ 43% vs US
higher than 8% of US ZIPs
▼ 61% vs US
higher than 12% of US ZIPs
Median age 29.1
Chicago
ZIP code 38118 in Memphis, Tennessee has a population of 41,465. The median household income is $43,446, which is 43% below the national average. Median home value is $107,600, 61% below the US average. 12.1% of residents hold a bachelor's degree or higher.
ZIP code 38118 is classified by USPS as a standard delivery area and covers roughly 80.8 square miles in Memphis, Shelby County, Tennessee. The area is home to 41,465 residents, producing a population density of 513 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 38118 against Tennessee and the nation.
On the economic side, the median household income for ZIP 38118 sits at $43,446 (35% below the Tennessee average), while per-capita income is $22,369. The poverty rate stands at 30.2% and the unemployment rate at 9.4%. On housing, the median home value is $107,600 (57% below the state average) with median rent at $1,181 per month, and 39.8% of occupied units are owner-occupied, a direct signal of whether 38118 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 12.1% of adults hold a bachelor's degree or higher, the median age is 29.1, and the average commute is 20 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Shelby County, so you can benchmark 38118 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 38118
Top 5 sectors by establishment count
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 + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, 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; HUD FMR + 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
$22,369
Per Capita Income
30.2%
Poverty Rate
9.4%
Unemployment Rate
19.7 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?
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
$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 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 |
More ZIP Codes in Shelby County
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Frequently Asked Questions
What county is ZIP code 38118 in? ▼
What is the population of ZIP code 38118? ▼
What is the median household income in ZIP 38118? ▼
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What is the demographic makeup of ZIP 38118? ▼
How many businesses are in ZIP code 38118? ▼
What are the main industries in ZIP code 38118? ▼
How have home values changed in ZIP code 38118? ▼
What is the education level in ZIP code 38118? ▼
What is the average commute time in ZIP 38118? ▼
What percentage of residents own vs. rent in ZIP 38118? ▼
What is the poverty rate in ZIP code 38118? ▼
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.