Relative Price in 38128
With a median income of $36,677 and an average price of $138.23 per month for a storage unit, renting storage for a year in 38128 Memphis would require 4.5% 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 94th percentile, which can allow us to conclude that storage in the 38128 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 96th percentile.
Storage Coverage In 38128
There are 15,904 households in 38128 Memphis and approximately 198 storage units, meaning there are 0.01245 units per household. When compared to the ratio of units-to-households in other ZIP codes nationwide, 38128 has moderately low coverage, ranking in at the 47th percentile, which could make it less easy to find a unit here than elsewhere. 38128 has a somewhat-low number of units per household when compared to other ZIPs in Tennessee, ranking at the 46th percentile. If you're searching for storage here, you may want to expand your search.
In terms of the number of people living in 38128, the ZIP code has a population of 44,863. With a total of 42,085 square feet of storage space in the ZIP, there are 0.94sqft of storage per person. This is a moderately high number of square feet per population compared to other ZIP codes nationwide, ranking in the 50th percentile. In terms of other ZIP codes in Tennessee, 38128 ranks at the 48th percentile, meaning it has somewhat-low coverage compared to other ZIP codes in the state.