38103 ZIP Code – Memphis, Tennessee
Located in Memphis, Tennessee, ZIP code 38103 is a mid-sized ZIP code within Shelby County with a population of approximately 13,981 residents. The median household income is $89,851 — above the Tennessee average and above the national average. At $375,000, median home values run above the national average, with 31.7% owner-occupied housing (decreasing). . Median rent is $1,499, which is above the U.S. average. Housing consists of 25% single-family (increasing), 72% apartments (stable).
The area reports an unemployment rate of 1.7%, well below the national average. The poverty rate of 8.1% is below the U.S. average. An estimated 60.9% of adults hold a bachelor's degree or higher, well above the national average. The median age is 33.9, below the national median. Neighboring ZIP codes include 38105, 38126, 38107.
ZIP Code 38103 Data
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ZIP 38103 vs. Tennessee vs. U.S.
| Metric | ZIP 38103 | TN Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 13k | 11k | 10k |
| Median Household Income | $89k | $60k | $73k |
| Median Home Value | $375k | $201k | $258k |
| Median Rent | $1,499 | $922 | $1,088 |
| Median Age | 33.9 | 42.7 | 43.2 |
| Unemployment Rate | 1.7% | 5.2% | 5.0% |
| Poverty Rate | 8.1% | 15.0% | 13.3% |
| Bachelor's Degree or Higher | 60.9% | 22.7% | 26.9% |
Demographics Charts
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Nearby ZIP Codes
- 38105 – Memphis
- 38126 – Memphis
- 38107 – Memphis
- 38104 – Memphis
- 38106 – Memphis
- 38112 – Memphis
- 38108 – Memphis
- 38114 – Memphis
- 38113 – Memphis
- 38127 – Memphis
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 38105 | MEMPHIS | 5,215 | $26,250 |
| 38126 | MEMPHIS | 6,034 | $19,844 |
| 38107 | MEMPHIS | 14,509 | $34,325 |
| 38104 | MEMPHIS | 23,408 | $53,351 |
| 38106 | MEMPHIS | 23,140 | $29,098 |