ZIP 38117 — Business Opportunities

Memphis, TN · Local economy intelligence

Population

26,430

Median income

$91,680

Median age

40.5

Households

11,501

Top business opportunities in 38117

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

1. Furniture & Home Decor 100/100
~2.5 businesses underserved · confidence: high
2. Electronics 97/100
~2.1 businesses underserved · confidence: high
3. Veterinary 90/100
~2.0 businesses underserved · confidence: high
4. Electronics Repair 82/100
~1.5 businesses underserved · confidence: low
5. Childcare 82/100
~2.0 businesses underserved · confidence: high
6. Fitness Centre 65/100
~1.2 businesses underserved · confidence: high
7. Bars & Nightlife 57/100
~1.4 businesses underserved · confidence: high
8. Parking 56/100
~5.4 businesses underserved · confidence: high
9. Bicycle Parking 56/100
~1.5 businesses underserved · confidence: high
10. Parking Space 56/100
~5.7 businesses underserved · confidence: high

What's already here — existing business mix

The most common business categories currently operating in ZIP 38117.

Religious — 32 businesses
Schools — 28 businesses
Clothing & Apparel — 26 businesses
Fast Food — 20 businesses
Restaurants — 17 businesses
Park — 6 businesses
Department Store — 6 businesses
Jewelry & Accessories — 6 businesses
Vending Machine — 6 businesses
Gas Stations — 5 businesses
Grocery & Supermarkets — 5 businesses
Beauty & Nail Salons — 5 businesses
Hotels & Lodging — 4 businesses
Opticians — 3 businesses
Sports & Outdoors — 3 businesses

Full demographic profile

Population	26,430
Households	11,501
Median household income	$91,680
Per capita income	$60,093
Median age	40.5
% bachelor's degree or higher	60.734%
% age 18–34	19.939%
% age 65+	12.792%
% renter-occupied	20.642%
Median home value	$263,100
Median gross rent	$1,249
Unemployment rate	3.295%

Nearby ZIPs in TN

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

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