Zip 38107 (Memphis, TN) Housing

The housing market in 38107 Memphis, TN is booming. According to recent data, the median value of a home in this area is $122,600, which is significantly lower than the US house median value of $338,100. Additionally, the US 1 year house appreciation rate is 8.27%, while in 38107 Memphis it has increased by 15.04%. This shows that there has been significant growth in this market over the past year and suggests that it will continue to be a popular area for potential homeowners.

The median home cost in Memphis (zip 38107) is $122,600. Home appreciation the last 10 years has been 97.6%. Home Appreciation in Memphis (zip 38107) is up 15.0%.

Average Age of Homes

- The median age of Memphis (zip 38107) real estate is 70 years old

The Rental Market in Memphis (zip 38107)

- Renters make up 42.9% of the Memphis (zip 38107) population
- 3.8% of houses and apartments in Memphis (zip 38107), 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
	8,021.0	139,647,020.0
	71	42
	$122,600	$338,100
	15.0%	16.6%
	61.1%	57.0%
	97.6%	101.1%
	$12.95	$10.98
	$1,331	$2,690
	32.7%	57.4%
	19.2%	11.2%
	48.1%	31.4%
Vacant Housing
	3.8%	1.9%
	1.8%	0.4%
	1.5%	0.7%
	0.6%	0.4%
	0.2%	3.6%
	11.4%	4.1%
Value of Owner-Occupied Housing
	6.4%	2.6%
	10.1%	2.4%
	9.9%	2.8%
	12.7%	3.9%
	9.7%	4.5%
	21.5%	11.3%
	13.1%	13.0%
	10.8%	20.1%
	4.5%	13.6%
	0.3%	8.3%
	0.4%	9.7%
	0.3%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	7.4%	13.6%
	7.4%	13.6%
	2.0%	13.6%
	2.1%	13.2%
	8.9%	14.8%
	2.0%	13.6%
	13.5%	10.0%
	13.3%	4.7%
	36.1%	12.2%

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