ZIP Code 38115

In the Memphis area, ZIP code 38115 sits toward the working-class end of the income scale, with a median household income of $45,636 and per-capita income of $25,274. Homes here carry a median value of $145,400, and the county-level property tax rate of 0.97% applies to that valuation. Shoppers in this ZIP pay a combined sales tax of 9.75%, a rate that takes a noticeable bite out of everyday purchases. Together, these figures describe a community where earnings are limited but housing costs stay within reach, though the sales tax adds up quickly on routine spending.