ZIP 38114 — Business Opportunities

Top business opportunities in 38114

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
   ~2.8 businesses underserved · confidence: medium
2. 2. Convenience Stores 71/100
   ~4.5 businesses underserved · confidence: medium
3. 3. Medical & Healthcare 34/100
   ~1.8 businesses underserved · confidence: medium
4. 4. Toys & Games 34/100
   ~1.3 businesses underserved · confidence: medium
5. 5. Dancing School 34/100
   ~1.5 businesses underserved · confidence: medium
6. 6. Hospitals 34/100
   ~1.3 businesses underserved · confidence: medium
7. 7. Music School 33/100
   ~1.1 businesses underserved · confidence: low
8. 8. Bars & Nightlife 33/100
   ~1.6 businesses underserved · confidence: medium
9. 9. Appliance 33/100
   ~1.2 businesses underserved · confidence: medium
10. 10. Bus Station 33/100
    ~3.8 businesses underserved · confidence: medium

What's already here — existing business mix

The most common business categories currently operating in ZIP 38114.

• Religious — 33 businesses
• Schools — 12 businesses
• Park — 4 businesses
• Fast Food — 4 businesses
• Hotels & Lodging — 4 businesses
• Bicycle Rental — 3 businesses
• Auto Parts — 2 businesses
• Grave Yard — 1 businesses
• Government Services — 1 businesses
• Variety Store — 1 businesses
• Gas Stations — 1 businesses
• Convenience Stores — 1 businesses
• Grocery & Supermarkets — 1 businesses
• Furniture & Home Decor — 1 businesses
• Chemist — 1 businesses

Full demographic profile

Population	22,112
Households	10,025
Median household income	$29,492
Per capita income	$21,248
Median age	41.4
% bachelor's degree or higher	13.232%
% age 18–34	20.346%
% age 65+	13.73%
% renter-occupied	44.61%
Median home value	$68,500
Median gross rent	$854
Unemployment rate	15.467%

Nearby ZIPs in TN

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