ZIP 38127 - 860Z200US38127 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 38127, located in the Memphis, Tennessee area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of nearly 40,000 and a distinct economic and cultural profile, this area presents unique opportunities and challenges for homebuyers, real estate investors, agents, small-business owners, and analysts. Let’s dive into the latest data to help you make informed decisions about living or working in ZIP 38127.

Population & Households

ZIP 38127 is home to 39,553 residents, making it a sizable community with a diverse range of needs and opportunities. These individuals are distributed across 14,183 households, reflecting a mix of family structures and living arrangements. With 17,560 total housing units in the area, there’s a notable gap between occupied and available homes, which could signal potential for investors or developers looking to address housing demand or revitalization projects.

Income & Housing Costs

The median household income in ZIP 38127 stands at $37,768, which is below the national average but reflects the local economic context. For homebuyers or renters, this income level suggests a need for affordable housing options. The median house value is $82,500, offering a relatively low entry point for buyers or investors compared to many urban markets. Meanwhile, the median rent of $1,104 indicates that renting is a significant portion of housing costs for many residents, potentially impacting affordability for lower-income households. These figures provide a grounded perspective for anyone evaluating the financial landscape of ZIP 38127.

Race & Ethnicity

The demographic makeup of ZIP 38127 is predominantly African American, with 86.35% of the population identifying as Black. White residents account for 7.94%, while Hispanic or Latino individuals make up 3.39%, and Asian residents represent just 0.22%. This composition highlights a strong cultural identity within the community, which can influence local businesses, schools, and social services. For business owners or investors, understanding this diversity is key to tailoring offerings or community engagement strategies effectively.

Key Facts

• Total population: 39,553 residents in ZIP 38127 as of 2023.
• Total households: 14,183, indicating a mix of family and individual living arrangements.
• Total housing units: 17,560, with some units unoccupied, suggesting potential availability.
• Median household income: $37,768, reflecting the local economic conditions.
• Median house value: $82,500, an accessible price point for many buyers.
• Median rent: $1,104, a significant cost for renters in the area.
• Racial composition: 86.35% Black, 7.94% White, 3.39% Hispanic, 0.22% Asian.

What This Means for You

For homebuyers, ZIP 38127 offers an affordable entry into homeownership with a median house value of $82,500. However, consider the median income and rental costs when budgeting for long-term affordability. Investors and real estate agents may find opportunity in the gap between total housing units and occupied households—potentially indicating vacant properties or room for development. The low median home value could also mean potential for appreciation with strategic improvements or community growth. For small-business owners, the demographic profile suggests a market with strong cultural ties, where businesses catering to the predominant African American community could thrive by addressing specific needs or preferences. Analysts can use this data as a baseline to track economic trends or housing shifts in ZIP 38127, especially given the income and cost dynamics. Across all groups, understanding the local context is crucial for success in this area.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 38127? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your needs.
• Use the insights to inform your next move, investment, or business strategy with confidence.