38120 ZIP Code – Memphis, Tennessee
38120 is a mid-sized ZIP code in Memphis, Tennessee, part of Shelby County with a population of approximately 13,554 residents. At $112,700, the median household income here runs well above the Tennessee average and well above the U.S. average. Homes in this ZIP code have a median value of $424,800, well above the national average, with 71.5% owner-occupied housing (decreasing). ; median rent of $1,475 is similarly above the national average. Housing consists of 81% single-family (increasing), 15% apartments (increasing).
Unemployment stands at 1.6%, which is well below the U.S. rate. The poverty rate is 7.1%, well below the national average. 70.8% of adults hold a bachelor's degree or higher, well above the U.S. average. The median age is 45.0, near the national median. Neighboring ZIP codes include 38119, 38117, 38134.
ZIP Code 38120 Data
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ZIP 38120 vs. Tennessee vs. U.S.
| Metric | ZIP 38120 | TN Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 13k | 11k | 10k |
| Median Household Income | $112k | $60k | $73k |
| Median Home Value | $424k | $201k | $258k |
| Median Rent | $1,475 | $922 | $1,088 |
| Median Age | 45.0 | 42.7 | 43.2 |
| Unemployment Rate | 1.6% | 5.2% | 5.0% |
| Poverty Rate | 7.1% | 15.0% | 13.3% |
| Bachelor's Degree or Higher | 70.8% | 22.7% | 26.9% |
Demographics Charts
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Nearby ZIP Codes
- 38119 – Memphis
- 38117 – Memphis
- 38134 – Memphis
- 38138 – Germantown
- 38122 – Memphis
- 38115 – Memphis
- 38152 – Memphis
- 38018 – Cordova
- 38111 – Memphis
- 38139 – Germantown
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 38119 | MEMPHIS | 22,990 | $92,500 |
| 38117 | MEMPHIS | 26,430 | $91,680 |
| 38134 | MEMPHIS | 42,789 | $57,630 |
| 38138 | GERMANTOWN | 25,465 | $122,627 |
| 38122 | MEMPHIS | 24,014 | $45,065 |