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AREA INFORMATION

38116 (Memphis, TN)

Explore the real estate in 38116 (Memphis, TN)

Area Highlights

38116 (Memphis, TN) residents have a median age of 35.7 years old, with employment highest in the transportation and administrative support industries.

38,392 Population

14,385 Households

$47,121 /yr
Median Household Income

$135,240
Median Home Sale Price

22m Median Commute Time

Most people in this area drive to work.

Area Map

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Median Age

Median age is the age that divides a population into two numerically equally sized groups; that is, half the people are younger than this age and half are older. It is a single index that summarizes the age distribution of a population.

LEGEND

  • 61+ years old
  • 51 to 60 years old
  • 41 to 50 years old
  • 31 to 40 years old
  • 21 to 30 years old
  • 11 to 20 years old
  • 0 to 10 years old

Median Home Price

The median sale price measures the “middle” price of homes that sold, meaning that half of the homes sold for a higher price and half sold for less.

LEGEND

  • $2,000,000+
  • $1,000,000 to $2,000,000
  • $800,000 to $1,000,000
  • $600,000 to $800,000
  • $400,000 to $600,000
  • $200,000 to $400,000
  • $0 to $200,000

Median Household Income

The median household income is the income amount that divides a population into two equal groups, half having a household income above that amount, and half having a household income below that amount.

LEGEND

  • $500,000+ per year
  • $250,000 to $500,000 per year
  • $150,000 to $250,000 per year
  • $100,000 to $150,000 per year
  • $75,000 to $100,000 per year
  • $50,000 to $75,000 per year
  • $0 to $50,000 per year

Family & Education

35.7 Median Age

Average Household Size

2.7
persons per
household

24.6%

Married Households

Community Population By Education

High School Graduate 37%
Some College 28%
Bachelors Degree 11%
Some High School 11%
Associates Degree 7%
Graduate Degree 6%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 36.97% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
32.8% of households have children

Economics

$47,121 /yr
Median Household Income
$135,240
Median Sales Price
22 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 18.26% of the households.

Transportation to Work

  • Drive 93%
  • Work from Home 4%
  • Walk or Bike 2%
  • Public Transit 1%

Occupancy by Type

Rented 8,139 50%
Owned 6,246 38%
Vacant 1,980 12%

White vs Blue Collar Jobs







White Collar 55%
Blue Collar 45%

Employment

Employees by Industry

Employees by Occupation

Demographics

Community Population By Age

The median age for this area is 35.7 years old. The smallest percentage group is 25-34 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

Black 93%
White 3%
Hispanic 2%
Other 2%
Native American <1%
Asian <1%
The most prevalent ethnicity is Black at 93%, followed by White at 3%, Hispanic at 2%, and Other at 2%.

Crime & Pollution

Crime vs National Average

This location’s average annual crime rates compared to the national average. Index score (100=National Average)

Pollution vs National Average

This location’s average annual pollution rates compared to the national average. Index score (100=National Average)

Weather

91° July
Hottest Average Month
30° January
Coldest Average Month

Severe Weather

This location’s average annual severe weather events compared to the national average. Index score (100=National Average)

Average Temperature by Month

Low (°F)
High (°F)
Jan
30°
48°
Feb
33°
53°
Mar
41°
62°
Apr
51°
73°
May
59°
80°
Jun
67°
88°
Jul
71°
91°
Aug
69°
90°
Sep
62°
84°
Oct
50°
75°
Nov
41°
62°
Dec
33°
52°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

Listings in the Area

$65,000
For sale
0.74 acres

1971 Francisco
Memphis, TN 38116

$135,000
For sale
3 beds • 1 baths

1026 Linwood
Memphis, TN 38116

$64,900
For sale
3 beds • 2 baths

5244 Johns River 5244
Memphis, TN 38116

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Data powered by Attom Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.

* Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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