Population 38,405 · Census ACS 2020–24
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Population and households in ZIP 38115
Household size in ZIP 38115
| Period | ZIP 38115 | Memphis area | Tennessee | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.46 | 2.72 | 2.53 | 2.68 |
| 2010–14 | 2.67 | 2.74 | 2.57 | 2.73 |
| 2015–19 | 2.43 | 2.70 | 2.57 | 2.71 |
| 2020–24 | 2.55 | 2.65 | 2.53 | 2.65 |
| Change | +0.09 | −0.06 | +0.00 | −0.03 |
The average household in ZIP 38115 has 2.55 people, a bit under the U.S. average of 2.65. Household size has crept up from 2.46 in 2006–10, even as the national average fell. Households are largest in the southwest and smallest in the northeast.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in ZIP 38115
| Period | ZIP 38115 | Memphis area | Tennessee | U.S. |
|---|---|---|---|---|
| 2006–10 | 31.7 | 35.8 | 38.3 | 37.7 |
| 2010–14 | 29.8 | 36.7 | 39.2 | 38.6 |
| 2015–19 | 31.0 | 37.6 | 39.9 | 39.6 |
| 2020–24 | 32.0 | 37.7 | 39.9 | 40.1 |
| Change | +0.4 | +1.9 | +1.6 | +2.3 |
With a median age of just 32.0, ZIP 38115 is far younger than the country as a whole (40.1), a population that tilts toward young adults, many of them living alone or as couples. The median age has crept up from 31.7 in 2006–10, a smaller shift than nationally. Of the 298 Tennessee ZIP codes with 5,000+ people, only 14 are younger.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in ZIP 38115
| Period | ZIP 38115 | Memphis area | Tennessee | U.S. |
|---|---|---|---|---|
| 2006–10 | 23.9% | 17.3% | 12.2% | 12.3% |
| 2010–14 | 28.5% | 16.4% | 12.0% | 12.3% |
| 2015–19 | 25.1% | 15.6% | 11.6% | 11.6% |
| 2020–24 | 24.4% | 16.3% | 11.8% | 11.6% |
| Change | +0.5 pts | −0.9 pts | −0.4 pts | −0.6 pts |
Single-parent households are common in ZIP 38115: 24.4% of all households, against 11.6% nationally. The single-parent share is up 0.5 points from 2006–10, even as the national share fell. Only seven of the 298 Tennessee ZIP codes with 5,000+ people have a higher share of single-parent households.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in ZIP 38115
Renters in ZIP 38115
| Period | ZIP 38115 | Memphis area | Tennessee | U.S. |
|---|---|---|---|---|
| 2006–10 | 67.2% | 34.7% | 30.4% | 33.3% |
| 2010–14 | 72.7% | 37.9% | 32.9% | 35.6% |
| 2015–19 | 77.8% | 40.0% | 33.7% | 36.0% |
| 2020–24 | 76.2% | 39.5% | 33.1% | 34.8% |
| Change | +9.0 pts | +4.8 pts | +2.6 pts | +1.5 pts |
Renters far outnumber owners in ZIP 38115: 76.2% of households rent their homes, against 34.8% nationally. Among homeowners, 39.9% have no mortgage at all, about the same as nationally. The renter share is up 9.0 points from 2006–10, a much bigger shift than nationally. Of the 298 Tennessee ZIP codes with 5,000+ people, only four have a higher share of renters.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in ZIP 38115
| Period | ZIP 38115 | Memphis area | Tennessee | U.S. |
|---|---|---|---|---|
| 2006–10 | 17.2% | 12.1% | 11.5% | 11.4% |
| 2010–14 | 14.2% | 11.7% | 11.8% | 11.4% |
| 2015–19 | 14.4% | 11.6% | 11.8% | 11.1% |
| 2020–24 | 14.4% | 9.8% | 10.1% | 9.6% |
| Change | −2.8 pts | −2.3 pts | −1.4 pts | −1.8 pts |
Vacant homes make up 14.4% of the housing in ZIP 38115, far above the national rate of 9.6%. In resort and lake areas that usually means seasonal and vacation homes; elsewhere it can point to weak demand. Vacancy is down 2.8 points from 2006–10, as it has nationally.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in ZIP 38115
| Period | ZIP 38115 | Memphis area | Tennessee | U.S. |
|---|---|---|---|---|
| 2006–10 | 1979 | 1980 | 1981 | 1974 |
| 2010–14 | 1979 | 1981 | 1982 | 1975 |
| 2015–19 | 1978 | 1981 | 1983 | 1977 |
| 2020–24 | 1978 | 1983 | 1986 | 1980 |
| Change | −1 | +3 | +6 | +6 |
Homes in ZIP 38115 are about the same age as the nation's housing: the median home was built in 1978, versus 1980 nationally. Homes here are older than in the Memphis area as a whole, where the median home dates to 1983. The newest homes are mostly in the northeast, the oldest in the northwest.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in ZIP 38115
| Period | ZIP 38115 | Memphis area | Tennessee | U.S. |
|---|---|---|---|---|
| 2006–10 | $860 | $912 | $761 | $965 |
| 2010–14 | $892 | $991 | $837 | $1,040 |
| 2015–19 | $941 | $1,080 | $961 | $1,213 |
| 2020–24 | $1,284 | $1,428 | $1,286 | $1,571 |
| Change | +$425 | +$516 | +$526 | +$606 |
The median renter in ZIP 38115 pays $1,284 a month for rent and utilities, below the national median of $1,571. Rent has climbed $425 a month since 2006–10, up 49%, a slower climb than the nation's. Rent takes 34.9% of the typical renter's income, well over the 30% mark often used to define affordable rent, so many renters here are stretched.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in ZIP 38115
Bachelor's degrees in ZIP 38115
| Period | ZIP 38115 | Memphis area | Tennessee | U.S. |
|---|---|---|---|---|
| 2006–10 | 15.4% | 25.5% | 23.9% | 28.4% |
| 2010–14 | 14.5% | 26.6% | 25.3% | 29.6% |
| 2015–19 | 16.5% | 28.0% | 27.9% | 32.1% |
| 2020–24 | 16.3% | 30.5% | 31.4% | 35.6% |
| Change | +0.9 pts | +5.0 pts | +7.5 pts | +7.2 pts |
Fewer adults in ZIP 38115 have a four-year degree than in the country as a whole: 16.3%, against 35.6% nationally. The share with a degree is up 0.9 points from 2006–10, a smaller shift than nationally. College graduates are most concentrated in the northeast and least in the south.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in ZIP 38115
| Period | ZIP 38115 | Memphis area | Tennessee | U.S. |
|---|---|---|---|---|
| 2006–10 | 84.6% | 84.8% | 83.3% | 84.9% |
| 2010–14 | 84.0% | 86.4% | 85.4% | 86.1% |
| 2015–19 | 86.8% | 87.8% | 87.6% | 87.7% |
| 2020–24 | 87.3% | 89.2% | 89.9% | 89.3% |
| Change | +2.7 pts | +4.4 pts | +6.6 pts | +4.3 pts |
About one in eight adults in ZIP 38115 never finished high school, a bit more than nationally: 87.3% have a diploma or equivalent, against 89.3% across the U.S. The share with a diploma has risen 2.7 points since 2006–10, as it has nationally.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in ZIP 38115
| Period | ZIP 38115 | Memphis area | Tennessee | U.S. |
|---|---|---|---|---|
| 2006–10 | 11.3% | 10.1% | 8.6% | 8.1% |
| 2010–14 | 13.7% | 11.0% | 9.6% | 9.4% |
| 2015–19 | 7.0% | 7.1% | 5.4% | 5.6% |
| 2020–24 | 8.6% | 6.9% | 4.8% | 5.4% |
| Change | −2.7 pts | −3.2 pts | −3.8 pts | −2.7 pts |
Unemployment in ZIP 38115 runs well above the national rate: 8.6% of the labor force was out of work and looking, against 5.4%. Only 20 of the 298 Tennessee ZIP codes with 5,000+ people have higher unemployment. Since 2006–10, unemployment has fallen 2.7 points, in line with the national trend.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
ZIP 38115 compared with nearby ZIP codes
| ZIP code | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| ZIP 38115 | 2.55 | 32.0 | 24.4% | 76.2% | 14.4% | 1978 | $1,284 | 16.3% | 87.3% | 8.6% |
| ZIP 38119 | 2.33 | 41.3 | 11.3% | 38.0% | 6.3% | 1978 | $1,460 | 51.8% | 95.6% | 5.1% |
| ZIP 38141 | 2.96 | 31.4 | 31.1% | 44.5% | 5.2% | 1984 | $1,538 | 17.2% | 90.3% | 8.9% |
| ZIP 38118 | 3.04 | 29.2 | 26.5% | 60.1% | 19.0% | 1972 | $1,281 | 12.0% | 78.1% | 9.0% |
| ZIP 38125 | 2.81 | 35.5 | 20.0% | 45.4% | 5.1% | 1996 | $1,748 | 33.2% | 93.2% | 9.2% |
| ZIP 38138 | 2.51 | 45.7 | 5.6% | 21.9% | 8.1% | 1984 | $1,885 | 69.9% | 97.7% | 4.0% |
| ZIP 38120 | 2.20 | 44.4 | 5.8% | 29.9% | 7.4% | 1974 | $1,776 | 68.4% | 97.5% | 3.2% |
| ZIP 38117 | 2.37 | 39.6 | 11.8% | 26.8% | 6.7% | 1961 | $1,553 | 59.9% | 94.6% | 3.3% |
| ZIP 38111 | 2.60 | 33.8 | 13.1% | 54.7% | 11.2% | 1959 | $1,199 | 36.7% | 88.4% | 8.7% |
| ZIP 38139 | 2.86 | 45.1 | 3.5% | 2.8% | 3.6% | 1988 | $2,700 | 74.9% | 99.2% | 2.0% |
| ZIP 38152 | 1.67 | 25.9 | 5.6% | 73.4% | 13.6% | 1979 | $1,007 | 84.0% | 98.9% | 6.8% |
All figures 2020–24.
Zip codes with similar populations: 23832, VA · 37363, TN · 28212, NC · 28054, NC · 27909, NC · 38111, TN · 85021, AZ · 38127, TN · 26003, WV · 34120, FL
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up ZIP 38115. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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