Zip 38103 (Memphis, TN) Housing

The housing in 38103 Memphis, TN is a great investment. The median value of homes in the area is $356,200, higher than the US median value of $338,100. Furthermore, the appreciation rate for homes in 38103 Memphis is 15.04%, significantly higher than the national average of 8.27%. This high rate of appreciation demonstrates that buying a home in this area is a sound investment for anyone looking to benefit from rising home values.

The median home cost in Memphis (zip 38103) is $356,200. Home appreciation the last 10 years has been 97.6%. Home Appreciation in Memphis (zip 38103) is up 15.0%.

Average Age of Homes

- The median age of Memphis (zip 38103) real estate is 22 years old

The Rental Market in Memphis (zip 38103)

- Renters make up 58.9% of the Memphis (zip 38103) population
- 2.3% of houses and apartments in Memphis (zip 38103), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Memphis, Tennessee	United States
	8,532.0	139,647,020.0
	24	42
	$356,200	$338,100
	15.0%	16.6%
	61.1%	57.0%
	97.6%	101.1%
	$14.16	$10.98
	$4,392	$2,690
	29.3%	57.4%
	11.0%	11.2%
	59.7%	31.4%
Vacant Housing
	2.3%	1.9%
	2.2%	0.4%
	0.1%	0.7%
	0.0%	0.4%
	3.0%	3.6%
	3.4%	4.1%
Value of Owner-Occupied Housing
	0.8%	2.6%
	0.0%	2.4%
	1.7%	2.8%
	0.0%	3.9%
	2.8%	4.5%
	5.3%	11.3%
	6.6%	13.0%
	30.5%	20.1%
	23.4%	13.6%
	12.3%	8.3%
	10.8%	9.7%
	4.2%	3.9%
	1.3%	2.2%
	0.0%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	32.3%	13.6%
	32.3%	13.6%
	19.9%	13.6%
	6.2%	13.2%
	3.2%	14.8%
	19.9%	13.6%
	2.7%	10.0%
	2.3%	4.7%
	18.6%	12.2%

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