Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in ZCTA5 38104, Tennessee?
ZIP code · Census ACS 5-Year estimates
The median gross rent in ZCTA5 38104, Tennessee (ZIP 38104) is $1,112/month (±$56), based on Census ACS 5-Year estimates (2024). The median home value is $317,200 (±$25,418), and the median household income is $58,117/year. The unemployment rate in Shelby County, Tennessee was 4.4% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for ZIP 38104
| Metric | Value |
|---|---|
| Median Gross Rent | $1,112 |
| Median Home Value | $317,200 |
| Median Household Income | $58,117 |
| Total Housing Units | 12,863 |
| Renter-Occupied Units | 7,975 |
| Renter-Occupied Share | 62% |
| Households Paying 50%+ Income | 1,842 households |
| Unemployment Rate(April 2026) | 4.4% |
How does ZIP 38104 compare?
Median gross rent ranked against all ZIP codes in Tennessee.
Higher rent than 71% of ZIP codes in Tennessee · 151th of 516
| # | ZIP code | Value |
|---|---|---|
| 1 | ZCTA5 37046 | $3,501 |
| 2 | ZCTA5 38139 | $2,697 |
| 3 | ZCTA5 37135 | $2,341 |
| … 147 more … | ||
| 151 | ZCTA5 38104(you are here) | $1,112 |
| … 362 more … | ||
| 514 | ZCTA5 37819 | $452 |
| 515 | ZCTA5 37387 | $405 |
| 516 | ZCTA5 38485 | $357 |
Geography
ZIP 38104 is in Shelby County, Tennessee.
It covers part of Memphis city, Tennessee.
More data for ZCTA5 38104
Browse by State
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Frequently asked questions
What is the average rent in ZCTA5 38104, Tennessee?
The median gross rent in ZCTA5 38104, Tennessee (ZIP 38104) is $1,112/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in ZCTA5 38104, Tennessee?
The median rent for a 2-bedroom in ZCTA5 38104, Tennessee is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in ZCTA5 38104, Tennessee?
The median home value in ZCTA5 38104, Tennessee (ZIP 38104) is $317,200 according to Census ACS 5-Year estimates (2024).
What percentage of renters in ZCTA5 38104 are rent-burdened?
In ZCTA5 38104, Tennessee, 1,842 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in ZCTA5 38104, Tennessee?
The median household income in ZCTA5 38104, Tennessee is $58,117/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,112 has a margin of error of ±$56. In very small areas, MOEs can be large relative to the estimate.
Managing rental properties?
Tenanture helps property managers reply to every inbound lead, qualify applicants against your rules, and handle tenant inquiries automatically.
Get started free