ZIP Code 38138
standardSource:
Germantown · Shelby County · Tennessee
- Population
- 24,045
- Median income
- $136,297
- Median home value
- $430,200
- Bachelor's or higher
- 69.1%
- Land area
- 30.7 sq mi
783/sq mi
▲ 79% vs US
higher than 94% of US ZIPs
▲ 55% vs US
higher than 82% of US ZIPs
Median age 44.6
Chicago
ZIP code 38138 in Germantown, Tennessee has a population of 24,045. The median household income is $136,297, which is 79% above the national average. Median home value is $430,200, 55% above the US average. 69.1% of residents hold a bachelor's degree or higher.
ZIP code 38138 is classified by USPS as a standard delivery area and covers roughly 30.7 square miles in Germantown, Shelby County, Tennessee. The area is home to 24,045 residents, producing a population density of 783 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 38138 against Tennessee and the nation.
On the economic side, the median household income for ZIP 38138 sits at $136,297 (105% above the Tennessee average), while per-capita income is $70,818. The poverty rate stands at 3.6% and the unemployment rate at 3.9%. On housing, the median home value is $430,200 (74% above the state average) with median rent at $1,726 per month, and 79.8% of occupied units are owner-occupied, a direct signal of whether 38138 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 69.1% of adults hold a bachelor's degree or higher, the median age is 44.6, and the average commute is 21 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Shelby County, so you can benchmark 38138 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 38138
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 38138.
- Health care and social assistance
Health care and social assistance
211 establishments
- Retail trade
Retail trade
148 establishments
- Finance and insurance
Finance and insurance
116 establishments
- Accommodation and food services
Accommodation and food services
111 establishments
- Other services (except public administration)
Other services (except public administration)
93 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 38138, Germantown, 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
24,045
Population
30.7
Area (sq mi)
783
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 38138?
44.6
Median Age
47.3%
Male
52.7%
Female
6.7%
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?
$136,297
Median Household Income
+105% vs state
$70,818
Per Capita Income
3.6%
Poverty Rate
3.9%
Unemployment Rate
20.6 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?
10,660
Total Housing Units
10,211
Occupied Units
449
Vacant Units
2.44
Avg Household Size
Occupancy Type
$430,200
Median Home Value
+74% vs state
$1,726
Median Rent
1979
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
+2.8%
YoY Change (2024)
213
HPI Index (2000 = 100)
+113%
Total Change Since 2000
Home values in ZIP 38138 have increased 2.8% over the past year (2024). Since 2000, this ZIP has seen +113% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +5.5% | 157 |
| 2021 | +10.1% | 173 |
| 2022 | +14.3% | 198 |
| 2023 | +4.6% | 207 |
| 2024 | +2.8% | 213 |
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 1,017 business establishments in ZIP 38138, employing approximately 20,735 people with a combined annual payroll of $1,509,383,000.
1,017
Businesses
20,735
Employees
$1.5B
Annual Payroll
16
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Health care and social assistance | 211 | 20.8% |
| Retail trade | 148 | 14.6% |
| Finance and insurance | 116 | 11.4% |
| Accommodation and food services | 111 | 10.9% |
| Other services (except public administration) | 93 | 9.1% |
| Professional, scientific, and technical services | 87 | 8.6% |
| Administrative and support and waste management and remediation services | 61 | 6.0% |
| Real estate and rental and leasing | 55 | 5.4% |
| Construction | 37 | 3.6% |
| Wholesale trade | 23 | 2.3% |
| Educational services | 17 | 1.7% |
| Arts, entertainment, and recreation | 15 | 1.5% |
| Information | 14 | 1.4% |
| Transportation and warehousing | 11 | 1.1% |
| Management of companies and enterprises | 9 | 0.9% |
| Manufacturing | 6 | 0.6% |
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 38138 vs 38139 →
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 38139 | Germantown, TN | 16,086 | 2.5 mi |
| 38119 | Memphis, TN | 22,330 | 2.7 mi |
| 38125 | Memphis, TN | 36,150 | 4.1 mi |
| 38018 | Cordova, TN | 35,059 | 4.1 mi |
| 38120 | Memphis, TN | 14,237 | 4.0 mi |
| 38115 | Memphis, TN | 39,129 | 4.2 mi |
| 38141 | Memphis, TN | 22,462 | 5.7 mi |
| 38133 | Memphis, TN | 20,787 | 8.9 mi |
| 38016 | Cordova, TN | 43,079 | 6.9 mi |
| 38117 | Memphis, TN | 26,125 | 6.4 mi |
More ZIP Codes in Shelby County
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Frequently Asked Questions
What county is ZIP code 38138 in? ▼
What is the population of ZIP code 38138? ▼
What is the median household income in ZIP 38138? ▼
What is the average home value in ZIP 38138? ▼
What is the demographic makeup of ZIP 38138? ▼
How many businesses are in ZIP code 38138? ▼
What are the main industries in ZIP code 38138? ▼
How have home values changed in ZIP code 38138? ▼
What is the education level in ZIP code 38138? ▼
What is the average commute time in ZIP 38138? ▼
What percentage of residents own vs. rent in ZIP 38138? ▼
What is the poverty rate in ZIP code 38138? ▼
ZIP Code Research Guides
Official Data Resources for Germantown, 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.