Memphis, TN — Demographics & Statistics
ZIP code 38103 serves a portion of Memphis, Tennessee, within Shelby County. This community is home to approximately 10,695 residents, with a median age of 38.4 years. The median household income of $64,853 sits below the national median of $67,521, while median home values of $434,515 are above the national average of $301,500. The area has a renter-majority housing profile, with 50% owner-occupied and 50% renter-occupied units. Cost of living in this part of Memphis is higher than the national baseline, with an index of 107 (100 = national average). With a college-education rate of 36% and an unemployment rate of 5.0%, 38103 reflects the economic character of Shelby County in Tennessee.
| Category | Statistic | Value | vs. National Avg |
|---|---|---|---|
| Population | Total Population | 10,695 | — |
| Population | Density (per sq mi) | 1,511 | — |
| Economics | Median Household Income | $64,853 | ↓ 4% vs nat'l avg |
| Economics | Median Home Value | $434,515 | ↑ 44% vs nat'l avg |
| Economics | Cost of Living Index | 107 | ↑ Higher than avg |
| Economics | Unemployment Rate | 5.0% | ↑ 28% vs nat'l avg |
| Economics | Below Poverty Line | 13.1% | ↑ 15% vs nat'l avg |
| Education | College Educated (25+) | 36% | ↑ 3% vs nat'l avg |
| Demographics | Median Age | 38.4 yrs | ↓ 0% vs nat'l avg |
| Housing | Owner-Occupied | 50% | — |
| Housing | Renter-Occupied | 50% | — |
| Housing | Total Housing Units | 5,240 | — |