ZIP 38120 — Business Opportunities

Top business opportunities in 38120

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

1. 1. Furniture & Home Decor 100/100
   ~1.5 businesses underserved · confidence: high
2. 2. Pharmacies 100/100
   ~1.6 businesses underserved · confidence: high
3. 3. Veterinary 95/100
   ~1.2 businesses underserved · confidence: high
4. 4. Electronics Repair 88/100
   ~0.9 businesses underserved · confidence: low
5. 5. Fitness Centre 82/100
   ~1.3 businesses underserved · confidence: high
6. 6. Cafes & Coffee Shops 81/100
   ~1.5 businesses underserved · confidence: high
7. 7. Jewelry & Accessories 76/100
   ~0.7 businesses underserved · confidence: high
8. 8. Childcare 57/100
   ~0.9 businesses underserved · confidence: high
9. 9. Electronics 53/100
   ~0.3 businesses underserved · confidence: high
10. 10. Bars & Nightlife 52/100
    ~1.2 businesses underserved · confidence: high

What's already here — existing business mix

The most common business categories currently operating in ZIP 38120.

• Parking — 9 businesses
• Restaurants — 8 businesses
• Hotels & Lodging — 8 businesses
• Religious — 8 businesses
• Fast Food — 7 businesses
• Schools — 7 businesses
• Doctors — 6 businesses
• Bicycle Repair Station — 4 businesses
• Medical & Healthcare — 4 businesses
• Park — 3 businesses
• Banking & Finance — 3 businesses
• Playground — 3 businesses
• Hospitals — 3 businesses
• Artwork — 3 businesses
• Clothing & Apparel — 3 businesses

Full demographic profile

Population	13,554
Households	6,234
Median household income	$112,700
Per capita income	$96,190
Median age	46.7
% bachelor's degree or higher	70.122%
% age 18–34	17.109%
% age 65+	18.961%
% renter-occupied	23.718%
Median home value	$424,800
Median gross rent	$1,475
Unemployment rate	1.944%

Nearby ZIPs in TN

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