PlainZIP

Memphis, TN · standard

ZIP Code 38135

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

30,657
926/sq mi
$97,282
Median income
$287,000
Median home value
35.0%
Bachelor's or higher

The verdict

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

Top 21%
household income, US ZIPs
Top 35%
home value, US ZIPs
926
people per sq mi
81%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 38135 against every reporting US ZIP.

ZIP code 38135 is a densely settled ZIP (a standard USPS delivery area) in Memphis, Shelby County, Tennessee, with 30,657 residents across 33.1 square miles, a density of 926 people per square mile, in the Chicago time zone.

ZIP 38135 lands in the middle-income range, with a median household income of $97,282 (46% above the Tennessee average), while per-capita income is $41,183. Poverty here runs at 7.7%, with unemployment measured at 3.9%. On housing, the median home value is $287,000 (16% above the state average) with median rent at $1,702 per month, and 81.4% of occupied units are owner-occupied.

A solid share of residents have a four-year degree: 35.0% of adults hold a bachelor's degree or higher, the median age is 40.8, and the average commute is 25 minutes. A geography-based comparison follows: 10 ZIP codes within about 10 miles of 38135, 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 38135

Top 5 sectors by establishment count in Memphis, TN

Which industries have the most business establishments in ZIP 38135.

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 38135, 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

30,657

Population

33.1

Area (sq mi)

926

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 38135?

40.8

Median Age

48.5%

Male

51.5%

Female

5.8%

Foreign-Born

White 56.0%
African American 33.1%
Asian 3.5%
American Indian or Alaska Native 0.0%
Native Hawaiian or Pacific Islander 0.2%
Two or More Ethnicities 5.2%
Hispanic or Latino 3.6%

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?

$97,282

Median Household Income

+46% vs state

$41,183

Per Capita Income

7.7%

Poverty Rate

3.9%

Unemployment Rate

25.2 min

Mean Commute Time

How ZIP 38135 ranks nationally

Memphis, TN household income vs. every US ZIP code

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

$97,282 Top 21% higher than 79% 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 65.4%
Bachelor's Degree or Higher 35.0%

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

What does housing look like?

11,068

Total Housing Units

10,850

Occupied Units

218

Vacant Units

2.78

Avg Household Size

Occupancy Type

Owner 81.4%
Renter 18.6%

$287,000

Median Home Value

+16% vs state

$1,702

Median Rent

1993

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

+3.5%

YoY Change (2024)

201

HPI Index (2000 = 100)

+101%

Total Change Since 2000

Home values in ZIP 38135 have increased 3.5% over the past year (2024). Since 2000, this ZIP has seen +101% cumulative appreciation.

Year Annual Change HPI Index
2020 +5.0% 138
2021 +14.8% 158
2022 +19.1% 188
2023 +3.4% 195
2024 +3.5% 201

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 134 business establishments in ZIP 38135, employing approximately 1,918 people with a combined annual payroll of $84,516,000.

134

Businesses

1,918

Employees

$84.5M

Annual Payroll

10

Industry Sectors

Industry Establishments % of Total
Administrative and support and waste management and remediation services 20 14.9%
Construction 19 14.2%
Other services (except public administration) 17 12.7%
Retail trade 16 11.9%
Health care and social assistance 15 11.2%
Professional, scientific, and technical services 11 8.2%
Accommodation and food services 10 7.5%
Transportation and warehousing 9 6.7%
Real estate and rental and leasing 5 3.7%
Arts, entertainment, and recreation 3 2.2%

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 38135 vs 38029 →

ZIP 38135 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 38135 ranks #4 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 38135 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 38135 ranks #2 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
38029 Ellendale, TN 80 1.6 mi
38134 Memphis, TN 41,948 4.3 mi
38133 Memphis, TN 20,787 3.6 mi
38128 Memphis, TN 44,863 4.4 mi
38120 Memphis, TN 14,237 7.9 mi
38054 Millington, TN 284 6.9 mi
38016 Cordova, TN 43,079 6.5 mi
38122 Memphis, TN 25,270 6.8 mi
38117 Memphis, TN 26,125 9.1 mi
38108 Memphis, TN 18,729 8.0 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 38135 in? ▼
ZIP code 38135 (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 38135? ▼
ZIP code 38135 in Memphis, TN has a population of 30,657 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 38135? ▼
The median household income in ZIP 38135 is $97,282, which is 28% above the national average of $76,288.
What is the average home value in ZIP 38135? ▼
The median home value in ZIP 38135 is $287,000, which is 3% above the national average of $278,155.
What is the demographic makeup of ZIP 38135? ▼
The largest racial group in ZIP 38135 is White at 56.0%. Hispanic or Latino residents make up 3.6% of the population.
How many businesses are in ZIP code 38135? ▼
ZIP code 38135 has 134 business establishments employing approximately 1,918 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 38135? ▼
The top industries by establishment count in ZIP 38135 are: Administrative and support and waste management and remediation services (20), Construction (19), Other services (except public administration) (17). There are 10 industry sectors represented in total.
How have home values changed in ZIP code 38135? ▼
According to the FHFA House Price Index, home values in ZIP 38135 increased by 3.5% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 101%. 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 38135? ▼
In ZIP code 38135, 65.4% of residents aged 25+ have a high school diploma or higher, and 35.0% 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 38135? ▼
The mean commute time for workers in ZIP code 38135 is 25.2 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 38135? ▼
In ZIP code 38135, approximately 81.4% of occupied housing units are owner-occupied and 18.6% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 38135? ▼
The poverty rate in ZIP code 38135 is 7.7% 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.