ZIP 38103 — Business Opportunities

Top business opportunities in 38103

The highest-scored business categories to consider opening in Memphis, TN, based on demand (population, income, demographic fit) versus existing supply.

1. 1. Fitness Centre 100/100
   ~1.7 businesses underserved · confidence: high
2. 2. Laundromats 92/100
   ~1.7 businesses underserved · confidence: high
3. 3. Jewelry & Accessories 73/100
   ~1.5 businesses underserved · confidence: high
4. 4. Electronics 60/100
   ~1.1 businesses underserved · confidence: high
5. 5. Veterinary 55/100
   ~1.0 businesses underserved · confidence: high
6. 6. Electronics Repair 50/100
   ~0.8 businesses underserved · confidence: low
7. 7. Convenience Stores 42/100
   ~1.7 businesses underserved · confidence: high
8. 8. Grocery & Supermarkets 40/100
   ~2.1 businesses underserved · confidence: high
9. 9. Furniture & Home Decor 39/100
   ~1.0 businesses underserved · confidence: high
10. 10. Grave Yard 33/100
    ~7.4 businesses underserved · confidence: high

What's already here — existing business mix

The most common business categories currently operating in ZIP 38103.

• Restaurants — 41 businesses
• Bicycle Rental — 23 businesses
• Bars & Nightlife — 18 businesses
• Parking — 16 businesses
• Hotels & Lodging — 15 businesses
• Park — 11 businesses
• Museum — 8 businesses
• Cafes & Coffee Shops — 6 businesses
• Attraction — 6 businesses
• Religious — 5 businesses
• Auto Repair — 4 businesses
• Artwork — 4 businesses
• Schools — 3 businesses
• Storage Rental — 3 businesses
• Other — 3 businesses

Full demographic profile

Population	13,981
Households	7,618
Median household income	$89,851
Per capita income	$67,126
Median age	34.0
% bachelor's degree or higher	61.747%
% age 18–34	43.96%
% age 65+	6.659%
% renter-occupied	57.029%
Median home value	$375,000
Median gross rent	$1,499
Unemployment rate	1.275%

Nearby ZIPs in TN

37701 Alcoa · 37694 Watauga · 37688 Shady Valley · 37687 Roan Mountain · 37686 Piney Flats · 37683 Mountain City