Zip Code
38120
City
Memphis, TN
Population & Migration
What is the forecasted population for Zip code 38120 Memphis, TN?
- Population census 2020
- 15,485
- Forecasted population 2025
- 12,782
- -17.5% vs. 2020
- Forecasted population 2030
- 11,473
- -25.9% vs. 2020
Zip code 38120 Memphis, TN population is forecasted to decrease -17.5% by 2025 (-22.2 points below the 4.7% national average).
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Housing and Affordability
With a forecasted population of 12,782 people for 2025 zip code 38120 Memphis, TN will generate a good demand for housing, which is expected to have an excess of -1,794 houses for 2030. Vacancy rate is 2.0 points below national US average.
- Total homes available 2020
- 6,929
- Estimated total home demand in 2030
- 5,134
- Total homes balance inventory
- -1,794
Average Household Income in zip code 38120 Memphis, TN
from Internal Revenue Service
- Average household income in 2021
- $206,777
Affordability
- Affordability Index
- 2
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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Climate Resiliency
Drinking water violations
How is the quality of drinking water in Zip code 38120 Memphis, TN?
County total number of drinking water violations
17
-92%
226
County total number of drinking water contaminations
9
-61%
23
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