Zip 38104 (Memphis, TN) Housing

The housing market in 38104 Memphis, TN is appreciating at a higher rate than the national average. The median value of homes in 38104 Memphis, TN is $278,300 while the US median value of homes is $338,100. This means that homes cost 8.73% less in 38104 Memphis than the US overall. However, the 1 year house appreciation for 38104 Memphis is 15.04%, which is 6.77% greater than the US average of 8.27%. This suggests that the housing market in 38104 Memphis is strong and continues to be a great investment opportunity for buyers looking to purchase a home.

The median home cost in Memphis (zip 38104) is $278,300. Home appreciation the last 10 years has been 97.6%. Home Appreciation in Memphis (zip 38104) is up 15.0%.

Average Age of Homes

- The median age of Memphis (zip 38104) real estate is 74 years old

The Rental Market in Memphis (zip 38104)

- Renters make up 55.5% of the Memphis (zip 38104) population
- 4.7% of houses and apartments in Memphis (zip 38104), 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
	14,409.0	139,647,020.0
	73	42
	$278,300	$338,100
	15.0%	16.6%
	61.1%	57.0%
	97.6%	101.1%
	$12.67	$10.98
	$3,189	$2,690
	32.1%	57.4%
	12.1%	11.2%
	55.8%	31.4%
Vacant Housing
	4.7%	1.9%
	0.6%	0.4%
	0.4%	0.7%
	0.5%	0.4%
	0.6%	3.6%
	5.3%	4.1%
Value of Owner-Occupied Housing
	0.6%	2.6%
	0.9%	2.4%
	1.0%	2.8%
	3.3%	3.9%
	3.9%	4.5%
	11.3%	11.3%
	11.8%	13.0%
	30.1%	20.1%
	18.0%	13.6%
	8.9%	8.3%
	7.5%	9.7%
	1.6%	3.9%
	1.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	7.0%	13.6%
	7.0%	13.6%
	2.2%	13.6%
	3.7%	13.2%
	8.2%	14.8%
	2.2%	13.6%
	16.6%	10.0%
	7.2%	4.7%
	44.0%	12.2%