ZIP 38109 — Business Opportunities

Top business opportunities in 38109

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

1. 1. Laundromats 100/100
   ~5.3 businesses underserved · confidence: medium
2. 2. Convenience Stores 85/100
   ~10.5 businesses underserved · confidence: medium
3. 3. Toys & Games 58/100
   ~3.3 businesses underserved · confidence: medium
4. 4. Dancing School 58/100
   ~4.0 businesses underserved · confidence: medium
5. 5. Music School 57/100
   ~2.9 businesses underserved · confidence: low
6. 6. Medical & Healthcare 44/100
   ~4.0 businesses underserved · confidence: medium
7. 7. Auto Sales 43/100
   ~4.9 businesses underserved · confidence: medium
8. 8. Auto Repair 43/100
   ~5.8 businesses underserved · confidence: medium
9. 9. Parking 40/100
   ~9.0 businesses underserved · confidence: medium
10. 10. Bicycle Parking 40/100
    ~2.4 businesses underserved · confidence: medium

What's already here — existing business mix

The most common business categories currently operating in ZIP 38109.

• Religious — 90 businesses
• Schools — 17 businesses
• Park — 14 businesses
• Hotels & Lodging — 7 businesses
• Gas Stations — 6 businesses
• Variety Store — 4 businesses
• Fast Food — 4 businesses
• Government Services — 2 businesses
• Grave Yard — 1 businesses
• Grocery & Supermarkets — 1 businesses
• Libraries — 1 businesses
• Banking & Finance — 1 businesses
• Pharmacies — 1 businesses
• Auto Parts — 1 businesses
• Mobile Phone — 1 businesses

Full demographic profile

Population	45,204
Households	16,718
Median household income	$35,018
Per capita income	$20,547
Median age	39.5
% bachelor's degree or higher	13.205%
% age 18–34	17.094%
% age 65+	13.357%
% renter-occupied	39.389%
Median home value	$72,200
Median gross rent	$959
Unemployment rate	17.496%

Nearby ZIPs in TN

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