Zip 38111 (Memphis, TN) Housing

The housing market in 38111 Memphis, TN is currently quite strong compared to the rest of the United States. According to recent estimates, the median value of a home in 38111 is $127,800, significantly lower than the US median value of $338,100. Despite this discrepancy in median values, home appreciation in 38111 has actually been higher than that of the US as a whole with an estimated increase of 15.04% over the past year compared to 8.27% for the nation overall. This demonstrates that buying a property in this area can be very profitable and thus represents good investment potential for those looking to buy a home or invest in real estate.

The median home cost in Memphis (zip 38111) is $127,800. Home appreciation the last 10 years has been 97.6%. Home Appreciation in Memphis (zip 38111) is up 15.0%.

Average Age of Homes

- The median age of Memphis (zip 38111) real estate is 61 years old

The Rental Market in Memphis (zip 38111)

- Renters make up 45.2% of the Memphis (zip 38111) population
- 4.1% of houses and apartments in Memphis (zip 38111), 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
	19,831.0	139,647,020.0
	65	42
	$127,800	$338,100
	15.0%	16.6%
	61.1%	57.0%
	97.6%	101.1%
	$13.56	$10.98
	$1,487	$2,690
	40.8%	57.4%
	12.4%	11.2%
	46.8%	31.4%
Vacant Housing
	4.1%	1.9%
	0.5%	0.4%
	0.4%	0.7%
	0.9%	0.4%
	0.3%	3.6%
	6.3%	4.1%
Value of Owner-Occupied Housing
	2.0%	2.6%
	6.2%	2.4%
	14.7%	2.8%
	18.4%	3.9%
	6.2%	4.5%
	10.4%	11.3%
	5.9%	13.0%
	13.3%	20.1%
	3.9%	13.6%
	4.9%	8.3%
	8.1%	9.7%
	4.2%	3.9%
	1.1%	2.2%
	0.1%	0.8%
	0.7%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	2.8%	13.6%
	2.8%	13.6%
	3.6%	13.6%
	6.1%	13.2%
	7.9%	14.8%
	3.6%	13.6%
	34.2%	10.0%
	20.0%	4.7%
	9.6%	12.2%

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