Zip 38112 (Memphis, TN) Housing

The housing market in 38112 Memphis, TN is performing well above the national average. The median value for homes in this zip code is $160,500, which is significantly lower than the US median value of $338,100. In the past year, homes in this area have appreciated by 15.04%, more than double the US appreciation rate of 8.27%. This strong growth indicates a healthy market and suggests that properties are still an appealing investment option in this region of Tennessee.

The median home cost in Memphis (zip 38112) is $160,500. Home appreciation the last 10 years has been 97.6%. Home Appreciation in Memphis (zip 38112) is up 15.0%.

Average Age of Homes

- The median age of Memphis (zip 38112) real estate is 66 years old

The Rental Market in Memphis (zip 38112)

- Renters make up 43.1% of the Memphis (zip 38112) population
- 2.5% of houses and apartments in Memphis (zip 38112), 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
	7,707.0	139,647,020.0
	70	42
	$160,500	$338,100
	15.0%	16.6%
	61.1%	57.0%
	97.6%	101.1%
	$10.91	$10.98
	$1,699	$2,690
	43.0%	57.4%
	13.9%	11.2%
	43.1%	31.4%
Vacant Housing
	2.5%	1.9%
	0.3%	0.4%
	0.6%	0.7%
	0.5%	0.4%
	1.5%	3.6%
	8.5%	4.1%
Value of Owner-Occupied Housing
	3.6%	2.6%
	7.3%	2.4%
	11.3%	2.8%
	10.2%	3.9%
	11.1%	4.5%
	5.3%	11.3%
	9.2%	13.0%
	14.8%	20.1%
	11.4%	13.6%
	10.6%	8.3%
	5.2%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.0%	13.6%
	4.0%	13.6%
	6.1%	13.6%
	3.2%	13.2%
	7.0%	14.8%
	6.1%	13.6%
	15.9%	10.0%
	17.7%	4.7%
	31.1%	12.2%

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