Relative Price in 38104
With a median income of $38,826 and an average price of $101.95 per month for a storage unit, renting storage for a year in 38104 Memphis would require 3.2% of a median earner's annual income. This ratio of storage price to median income is very high compared to other ZIP codes nationally, ranking in at the 80th percentile, which can allow us to conclude that storage in the 38104 is relatively expensive for most of its residents. When it comes to other ZIP codes in Tennessee, storage as a percent of median income is very expensive in comparison, ranking in at the 78th percentile.
Storage Coverage In 38104
There are 12,432 households in 38104 Memphis and approximately 20 storage units, meaning there are 0.00161 units per household. In terms of units-per-household in ZIP codes nationwide, 38104 has very minimal coverage, ranking in at the 20th percentile, which could make finding a unit here difficult. 38104 has a very low number of units per household compared to other ZIP codes in Tennessee, where it ranks in the 19th percentile. Those looking for storage might want to include adjacent ZIP codes in their search.
In terms of the number of people living in 38104, the ZIP code has a population of 23,409. With a total of 1,878 square feet of storage space in the ZIP, there are 0.08sqft of storage per person. This is a very low number of square feet of storage per capita compared to other ZIP codes nationwide, ranking in at only the 15th percentile. In terms of other ZIP codes in Tennessee, 38104 ranks at the 14th percentile, meaning it has very low coverage compared to other ZIP codes in the state.