ZIP 38018 · Memphis, Tennessee

Population

38,527 people call ZIP 38018 home.

38,527

people.

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year

Rent

Median rent is up 63% since the 2010–2014 survey, before inflation.

$1,716

a month. Tennessee's median is $1,189.

Census ACS 5-year, 2020-2024 (latest), with earlier 5-year windows. Sources: Census ACS 5-year

Room to build

The median rent is above what local wages can carry.

$1,025–$1,537

is the monthly rent range local workforce wages support.

• $1,716 median

Supportable rent computed by the Almanac from 2023 source wage data. Median rent: Census ACS 5-year, 2020-2024. Sources: Computed by the Almanac, Census ACS 5-year

Building

59% of the housing here was built before 2000.

• 59% of all homes were built before 2000

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year

Units needed

Closing the gap would add 0.4–0.7% to the 15,380 homes here.

61–104

is the estimated number of missing housing units, from the lowest to the highest of three estimates.

Range computed by the Almanac from 2023 jobs and household data, using three demand models: 1% of jobs located here, 1% of renter households, and a rate by town size applied to renters. The low end is the lowest of the three and the high end the highest. It is an estimate, not a count. Sources: Computed by the Almanac

Home value

A median home costs 2% more than Tennessee's.

$293,800

median home value in ZIP 38018.

• $293,800 ZIP 38018
• $286,700 Tennessee
• $332,700 U.S.

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year