Zip 38114 (Memphis, TN) Housing

The housing median value in 38114 Memphis, TN is $68,700, which is much lower than the US house median value of $338,100. However, the 1 year house appreciation in 38114 Memphis, TN is 15.04%, which is higher than the US 1 year house appreciation of 8.27%. This indicates that housing in 38114 Memphis, TN is appreciating at a faster rate than the national average and may be a good investment opportunity for potential homeowners looking to buy in this area.

The median home cost in Memphis (zip 38114) is $68,700. Home appreciation the last 10 years has been 97.6%. Home Appreciation in Memphis (zip 38114) is up 15.0%.

Average Age of Homes

- The median age of Memphis (zip 38114) real estate is 62 years old

The Rental Market in Memphis (zip 38114)

- Renters make up 41.2% of the Memphis (zip 38114) population
- 4.2% of houses and apartments in Memphis (zip 38114), 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
	12,467.0	139,647,020.0
	66	42
	$68,700	$338,100
	15.0%	16.6%
	61.1%	57.0%
	97.6%	101.1%
	$12.08	$10.98
	$768	$2,690
	36.2%	57.4%
	21.5%	11.2%
	42.3%	31.4%
Vacant Housing
	4.2%	1.9%
	1.0%	0.4%
	0.8%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	15.5%	4.1%
Value of Owner-Occupied Housing
	4.9%	2.6%
	15.3%	2.4%
	22.7%	2.8%
	28.1%	3.9%
	13.1%	4.5%
	6.9%	11.3%
	3.6%	13.0%
	2.9%	20.1%
	2.1%	13.6%
	0.4%	8.3%
	0.0%	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%
	1.5%	13.6%
	1.5%	13.6%
	3.1%	13.6%
	4.3%	13.2%
	6.6%	14.8%
	3.1%	13.6%
	37.7%	10.0%
	20.9%	4.7%
	12.1%	12.2%

Reviews for Memphis

See all (0)

Write a Review

Start Your Review of Memphis

Commute

The premier source for comprehensive city data for over 30 years.