ZIP 38119 — Business Opportunities

Top business opportunities in 38119

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

1. 1. Jewelry & Accessories 100/100
   ~2.5 businesses underserved · confidence: high
2. 2. Electronics 80/100
   ~1.8 businesses underserved · confidence: high
3. 3. Clothing & Apparel 74/100
   ~4.2 businesses underserved · confidence: high
4. 4. Furniture & Home Decor 69/100
   ~1.9 businesses underserved · confidence: high
5. 5. Electronics Repair 67/100
   ~1.3 businesses underserved · confidence: low
6. 6. Laundromats 63/100
   ~1.9 businesses underserved · confidence: high
7. 7. Childcare 62/100
   ~1.6 businesses underserved · confidence: high
8. 8. Dental 60/100
   ~2.0 businesses underserved · confidence: high
9. 9. Bars & Nightlife 51/100
   ~1.9 businesses underserved · confidence: high
10. 10. Veterinary 49/100
    ~0.8 businesses underserved · confidence: high

What's already here — existing business mix

The most common business categories currently operating in ZIP 38119.

• Restaurants — 16 businesses
• Schools — 13 businesses
• Religious — 12 businesses
• Fast Food — 11 businesses
• Pitch — 8 businesses
• Hotels & Lodging — 7 businesses
• Park — 4 businesses
• Variety Store — 3 businesses
• Parking — 3 businesses
• Chemist — 3 businesses
• Employment Agency — 3 businesses
• Gas Stations — 2 businesses
• Grocery & Supermarkets — 2 businesses
• Libraries — 2 businesses
• Cafes & Coffee Shops — 2 businesses

Full demographic profile

Population	22,990
Households	9,778
Median household income	$92,500
Per capita income	$51,733
Median age	41.8
% bachelor's degree or higher	51.916%
% age 18–34	17.821%
% age 65+	14.589%
% renter-occupied	37.448%
Median home value	$255,000
Median gross rent	$1,252
Unemployment rate	5.524%

Nearby ZIPs in TN

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