ZIP 38116 — Business Opportunities

Top business opportunities in 38116

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
   ~5.0 businesses underserved · confidence: high
2. 2. Toys & Games 68/100
   ~3.5 businesses underserved · confidence: high
3. 3. Dancing School 68/100
   ~4.2 businesses underserved · confidence: high
4. 4. Music School 68/100
   ~3.0 businesses underserved · confidence: low
5. 5. Childcare 52/100
   ~2.3 businesses underserved · confidence: high
6. 6. Auto Sales 41/100
   ~4.6 businesses underserved · confidence: high
7. 7. Auto Repair 41/100
   ~5.4 businesses underserved · confidence: high
8. 8. Auto Parts 41/100
   ~3.9 businesses underserved · confidence: high
9. 9. Bicycle Parking 39/100
   ~2.3 businesses underserved · confidence: high
10. 10. Parking Space 39/100
    ~8.9 businesses underserved · confidence: high

What's already here — existing business mix

The most common business categories currently operating in ZIP 38116.

• Religious — 52 businesses
• Schools — 18 businesses
• Fast Food — 15 businesses
• Gas Stations — 12 businesses
• Banking & Finance — 10 businesses
• Hotels & Lodging — 7 businesses
• Park — 6 businesses
• Convenience Stores — 6 businesses
• Restaurants — 5 businesses
• Attraction — 5 businesses
• Variety Store — 4 businesses
• Grocery & Supermarkets — 3 businesses
• Pharmacies — 3 businesses
• Museum — 3 businesses
• Medical & Healthcare — 2 businesses

Full demographic profile

Population	40,212
Households	15,239
Median household income	$42,354
Per capita income	$24,558
Median age	34.9
% bachelor's degree or higher	20.433%
% age 18–34	20.21%
% age 65+	11.365%
% renter-occupied	44.959%
Median home value	$115,400
Median gross rent	$954
Unemployment rate	13.505%

Nearby ZIPs in TN

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