Relative Price in 38127
With a median income of $27,637 and an average price of $67.02 per month for a storage unit, renting storage for a year in 38127 Memphis would require 2.9% of a median earner's annual income. When compared to the ratio between storage prices and income in ZIP codes nationwide, storage in 38127 is slightly more expensive than most others, ranking in at the 72nd percentile nationally. In comparison to other ZIP codes in Tennessee, storage as a percent of median income is moderately expensive, ranking in at the 64th percentile.
Storage Coverage In 38127
There are 15,143 households in 38127 Memphis and approximately 1,552 storage units, meaning there are 0.10249 units per household. On a national scale, 38127 ranks in at the 68th percentile of units-per-household in every ZIP code, which means it should be relatively easy to find a storage unit here. 38127 has a very high number of storage units per household comapred to other Tennessee ZIP codes, ranking in at the 80th percentile.
In terms of the number of people living in 38127, the ZIP code has a population of 45,248. With a total of 198,660 square feet of storage space in the ZIP, there are 4.39sqft of storage per person. This is a moderately high number of square feet per population compared to other ZIP codes nationwide, ranking in the 67th percentile. In terms of other ZIP codes in Tennessee, 38127 ranks at the 75th percentile, meaning it has moderately high coverage compared to other ZIP codes in the state.