Zip 38106 (Memphis, TN) Housing

The housing median value in Memphis, TN (zip code 38106) is $55,800. This is significantly lower than the US median housing value of $338,100. In the past year, the appreciation rate for houses in Memphis has been 15.04%, more than double the 8.27% growth seen nationally. These figures indicate that the real estate market in Memphis is growing at a faster rate than the national average and may be a good investment option for those looking to purchase property or sell their home for a profit.

The median home cost in Memphis (zip 38106) is $55,800. Home appreciation the last 10 years has been 97.6%. Home Appreciation in Memphis (zip 38106) is up 15.0%.

Average Age of Homes

- The median age of Memphis (zip 38106) real estate is 67 years old

The Rental Market in Memphis (zip 38106)

- Renters make up 37.2% of the Memphis (zip 38106) population
- 2.0% of houses and apartments in Memphis (zip 38106), 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
	12,036.0	139,647,020.0
	68	42
	$55,800	$338,100
	15.0%	16.6%
	61.1%	57.0%
	97.6%	101.1%
	$15.38	$10.98
	$835	$2,690
	33.9%	57.4%
	21.8%	11.2%
	44.4%	31.4%
Vacant Housing
	2.0%	1.9%
	0.2%	0.4%
	0.2%	0.7%
	0.1%	0.4%
	0.1%	3.6%
	19.1%	4.1%
Value of Owner-Occupied Housing
	7.7%	2.6%
	17.9%	2.4%
	34.4%	2.8%
	20.4%	3.9%
	11.4%	4.5%
	4.4%	11.3%
	1.8%	13.0%
	1.2%	20.1%
	0.0%	13.6%
	0.0%	8.3%
	0.3%	9.7%
	0.1%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	2.2%	13.6%
	2.2%	13.6%
	4.3%	13.6%
	2.7%	13.2%
	6.7%	14.8%
	4.3%	13.6%
	34.2%	10.0%
	32.9%	4.7%
	7.6%	12.2%

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