ZIP 38118 — Business Opportunities

Top business opportunities in 38118

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
   ~5.1 businesses underserved · confidence: high
2. 2. Toys & Games 100/100
   ~4.5 businesses underserved · confidence: high
3. 3. Dancing School 100/100
   ~5.3 businesses underserved · confidence: high
4. 4. Music School 98/100
   ~3.9 businesses underserved · confidence: low
5. 5. Childcare 85/100
   ~3.4 businesses underserved · confidence: high
6. 6. Bars & Nightlife 45/100
   ~3.5 businesses underserved · confidence: high
7. 7. Cafes & Coffee Shops 34/100
   ~3.9 businesses underserved · confidence: high
8. 8. Grave Yard 33/100
   ~20.9 businesses underserved · confidence: high
9. 9. Doityourself 33/100
   ~2.3 businesses underserved · confidence: high
10. 10. Tattoo 33/100
    ~2.1 businesses underserved · confidence: high

What's already here — existing business mix

The most common business categories currently operating in ZIP 38118.

• Religious — 40 businesses
• Schools — 22 businesses
• Gas Stations — 17 businesses
• Fast Food — 14 businesses
• Hotels & Lodging — 11 businesses
• Variety Store — 5 businesses
• Convenience Stores — 5 businesses
• Park — 4 businesses
• Restaurants — 4 businesses
• Banking & Finance — 2 businesses
• Auto Repair — 2 businesses
• Auto Parts — 2 businesses
• Government Services — 1 businesses
• Grocery & Supermarkets — 1 businesses
• Libraries — 1 businesses

Full demographic profile

Population	39,373
Households	13,157
Median household income	$41,830
Per capita income	$20,701
Median age	28.8
% bachelor's degree or higher	11.786%
% age 18–34	22.955%
% age 65+	6.327%
% renter-occupied	50.618%
Median home value	$90,400
Median gross rent	$1,081
Unemployment rate	11.503%

Nearby ZIPs in TN

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