ZIP 38106 · Memphis, Tennessee
2026 Edition · 8 cards · data as of Oct 30, 2026
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Population
20,962 people call ZIP 38106 home.
20,962
people.
Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year
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Rent
Median rent is up 38% since the 2010–2014 survey, before inflation.
$952
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
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Room to build
Local wages can carry more rent than the median charged today.
$1,105–$1,658
is the monthly rent range local workforce wages support.
- $952 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
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Building
Most of the housing here is older than 2000.
- 98% of all homes were built before 2000
Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year
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Units needed
Closing the gap would add 0.5–0.6% to the 11,226 homes here.
53–72
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
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Home value
A median home costs 75% less than Tennessee's.
$71,800
median home value in ZIP 38106.
- $71,800 ZIP 38106
- $286,700 Tennessee
- $332,700 U.S.
Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year