38116 ZIP Code – Memphis, Tennessee
ZIP code 38116 is a large ZIP code located in Memphis, Tennessee, within Shelby County with a population of approximately 40,212 residents. Residents earn a median household income of $42,354, which is below the Tennessee average and well below the national figure. At $115,400, median home values run well below the national average, with 43.2% owner-occupied housing (decreasing). . Median rent is $954, which is near the U.S. average. Housing consists of 58% single-family (decreasing), 28% apartments (increasing), 13% duplex/multi-family.
At 11.4%, the unemployment rate is well above the national figure. About 29.7% of residents live below the poverty line, well above the national rate. An estimated 21.1% of adults hold a bachelor's degree or higher, below the national average. Residents have a median age of 34.2, below the U.S. median. Nearby ZIP codes include 38131, 38132, 38118.
ZIP Code 38116 Data
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ZIP 38116 vs. Tennessee vs. U.S.
| Metric | ZIP 38116 | TN Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 40k | 11k | 10k |
| Median Household Income | $42k | $60k | $73k |
| Median Home Value | $115k | $201k | $258k |
| Median Rent | $954 | $922 | $1,088 |
| Median Age | 34.2 | 42.7 | 43.2 |
| Unemployment Rate | 11.4% | 5.2% | 5.0% |
| Poverty Rate | 29.7% | 15.0% | 13.3% |
| Bachelor's Degree or Higher | 21.1% | 22.7% | 26.9% |
Demographics Charts
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Nearby ZIP Codes
- 38131 – Memphis
- 38132 – Memphis
- 38118 – Memphis
- 38114 – Memphis
- 38671 – Southaven
- 38106 – Memphis
- 38637 – Horn Lake
- 38111 – Memphis
- 38126 – Memphis
- 38104 – Memphis
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 38131 | MEMPHIS | Not provided | Not provided |
| 38132 | MEMPHIS | 57 | Not provided |
| 38118 | MEMPHIS | 39,373 | $41,830 |
| 38114 | MEMPHIS | 22,112 | $29,492 |
| 38671 | SOUTHAVEN | 37,288 | $58,854 |