ZIP 38138 - 860Z200US38138 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 38138, located in the Memphis area of Tennessee, this demographic and housing snapshot offers a clear picture of the community. Based on 2023 data, this area is home to a stable, affluent population with strong housing metrics. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you understand the market dynamics and make informed decisions about ZIP 38138.

Population & Households

ZIP 38138 has a total population of 25,368 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 10,232 households, reflecting a strong residential base. With 10,747 total housing units in the area, there’s a slight surplus of properties compared to occupied households, which could indicate availability for new residents or investors looking to enter the market. This balance suggests a stable community with room for growth or turnover, appealing to those seeking a settled yet accessible location.

Income & Housing Costs

One of the standout features of ZIP 38138 is its robust economic profile. The median household income stands at an impressive $130,125, indicating a high-earning community with significant purchasing power. This affluence translates into the housing market, where the median house value is $393,600—a figure that reflects a premium real estate market. For renters, the median rent is $1,716 per month, which aligns with the area’s higher cost of living but also suggests a strong rental demand. These numbers position ZIP 38138 as a desirable location for those who can afford its upscale lifestyle.

Race & Ethnicity

The demographic makeup of ZIP 38138 is predominantly White, with 84.48% of the population identifying as such. Black residents account for 5.8%, while Asian residents make up 4.71% of the population. Hispanic individuals represent a smaller share at 2.38%. This composition points to a relatively homogenous community, which may influence cultural dynamics, local businesses, and community services. For businesses and investors, understanding this breakdown can help tailor offerings or marketing strategies to the area’s primary demographic groups.

Key Facts

• Total population in ZIP 38138: 25,368 residents, offering a suburban community scale.
• Total households: 10,232, indicating a strong residential foundation.
• Median household income: $130,125, reflecting significant economic strength.
• Median house value: $393,600, positioning this as a premium housing market.
• Median rent: $1,716, suggesting a competitive rental landscape.
• Racial composition: 84.48% White, 5.8% Black, 4.71% Asian, 2.38% Hispanic.
• Total housing units: 10,747, with a slight surplus over occupied households.

What This Means for You

For homebuyers, ZIP 38138 offers a high-quality living environment with access to an affluent community, though the median home value of $393,600 means you’ll need a substantial budget or strong financing to enter this market. The slight surplus of housing units could provide some negotiation leverage if inventory remains available.

For real estate investors and agents, the combination of high home values and a median rent of $1,716 signals potential for solid returns, whether through property appreciation or rental income. The stable population and household numbers suggest low vacancy risks, making this a safe bet for long-term investments.

For small-business owners, the high median income of $130,125 indicates residents with disposable income, ideal for businesses offering premium goods or services. However, consider the demographic composition—primarily White with smaller minority groups—when planning your customer outreach or product offerings.

For analysts, these metrics highlight ZIP 38138 as a prosperous, stable area with a strong housing market. The data can serve as a benchmark for comparing similar suburban ZIP codes or tracking economic trends in the Memphis region over time.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 38138? 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 costs, and more, tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.