Memphis (zip 38116), Tennessee 

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Population

40,446

+0.1% since 2010

Unemployment Rate

4.6%

Best Places to Live in Memphis (zip 38116), Tennessee

Large city - Extreme southwest Tennessee along the Mississippi River and Arkansas and Mississippi border. May, October and April are the most pleasant months in the 38116 zip code, while July and August are the least comfortable months.

Pros
-Entertainment
-Cultural interest
-Cost of living
Cons
-Crime rates
-Recent employment declines
-Hot, humid summers

Local Listings in 38116
 $64,900 
786 N Stevens Cir
Bed 3 | Bath 1 |
 $114,900 
1494 Whiteplains Rd
Bed 3 | Bath 2 |
 $83,900 
1357 E Holmes Rd
Bed 3 | Bath 2 |

What Bert Has To Say About Memphis Metro Area

Sultry, soulful Memphis is an interesting and vivid place, located along the Mississippi River at the Arkansas border. The largest city in Tennessee, Memphis has a history of dramatic highs and lows: antebellum cotton-trading prosperity, Civil War destruction and reconstruction, yellow-fever epidemics, resurgence as a lumber and (again) cotton-trading center, and post–World War II decline. Today the city is on an upswing, thanks to recognition of its unique cultural assets and urban renewal.


Best Neighborhoods In Memphis (zip 38116), Tennessee: Download the BestPlaces App

QUICK FACTS

Real Estate: For Sale
Country:
United States
State: Tennessee
County: Shelby County
Metro Area: Memphis Metro Area
Political Ideology: Moderately liberal
City: Memphis
Zip Codes: Memphis (zip 38116)
Time zone: Central Standard Time (CST)
Elevation: 284 ft above sea level

Highlights

ECONOMY
The unemployment rate in Memphis (zip 38116) is 4.6% (U.S. avg. is 3.9%). Recent job growth is Positive. Memphis (zip 38116) jobs have increased by 2.1%. More Economy

COST OF LIVING
Compared to the rest of the country, Memphis (zip 38116)'s cost of living is 21.0% lower than the U.S. average. More Cost of Living or Compare Memphis (zip 38116)'s Cost of Living

WEATHER & CLIMATE
May, October and April are the most pleasant months in the 38116 zip code, while July and August are the least comfortable months. Today's Weather | Climate Averages

VOTING
Shelby county voted Democratic in the previous five Presidential elections. More Voting Stats

POPULATION
Memphis (zip 38116)'s population is 40,446 people. Since 2010, it has had a population growth of 0.1%. Learn More...

TRANSPORTATION
Average Commute time is 22.9 minutes. The National Average is 26.4 minutes. Learn More...

REAL ESTATE
The median home cost in Memphis (zip 38116) is $94,600. Home appreciation the last 10 years has been 7.5%. Check out the homes in the area

SCHOOLS
Memphis (zip 38116) public schools spend $8,579 per student. The average school expenditure in the U.S. is $12,383. There are about 16.1 students per teacher in Memphis (zip 38116). More Education


Best Places to Live in Memphis Rankings


Housing Market in Memphis

It's a good time to buy in Memphis. Home Appreciation is up 7.5% in the last 12 months. Browse Memphis Real Estate

The median home price in Memphis is $94,600. Browse Homes in this Range.


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COMPARE COST OF LIVING
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MAPS OF MEMPHIS (ZIP 38116), TENNESSEE
Memphis,Tennessee County Map
ZIP CODES IN MEMPHIS (ZIP 38116), TENNESSEE
Memphis (zip 38116)

PREMIUM SUBSCRIPTION

Includes Cost of Living compares for child care, utilities, transportation, health, taxes, housing for home owners vs renters, weather, insurance premiums and so much more.

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NEW LISTINGS IN 38116
$64,900
786 N Stevens Cir
Bed 3 | Bath 1

$114,900
1494 Whiteplains Rd
Bed 3 | Bath 2

$83,900
1357 E Holmes Rd
Bed 3 | Bath 2

$69,900
1390 Winfield Ave
Bed 2 | Bath 1

$65,000
1502 Mary Jane Ave
Bed 3 | Bath 1

$65,000
4961 Lochinvar Dr
Bed 3 | Bath 1

$111,900
1460 Lehr St
Bed 3 | Bath 2

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