Zip Code

38114

City

Memphis, TN

Population & Migration

What is the forecasted population for Zip code 38114 Memphis, TN?

Population census 2020
23,940
Forecasted population 2025
20,098
-0.16% vs. 2020
Forecasted population 2030
19,908
-0.17% vs. 2020

Zip code 38114 Memphis, TN population is forecasted to decrease -0.16% by 2025 (-20.8 points below the 4.7% national average).

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Housing and Affordability

With a forecasted population of 20,098 people for 2025 zip code 38114 Memphis, TN will generate a good demand for housing, which is expected to have an excess of -2,150 houses for 2030. Vacancy rate is 11.4 points above national US average.

Total homes available 2020
12,773
Estimated total home demand in 2030
10,622
Total homes balance inventory
-2,150

Average Household Income in zip code 38114 Memphis, TN
from Internal Revenue Service

Average household income in 2021
$40,191

Affordability

Affordability Index
1

Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years = Index 5

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Drinking water violations

How is the quality of drinking water in Zip code 38114 Memphis, TN?

County total number of drinking water violations

17

-93%

244

County total number of drinking water contaminations

9

-63%

24

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