Zip 38115 (Memphis, TN) Housing

The median value of housing in 38115 Memphis, TN is $163,400, significantly lower than the US median house value of $338,100. Over the past year, the appreciation rate for houses in 38115 Memphis, TN was 15.04%, higher than the US house appreciation rate of 8.27%. This indicates that despite its lower median value compared to the national average, investment in housing in this area has seen a greater return over the past year.

The median home cost in Memphis (zip 38115) is $163,400. Home appreciation the last 10 years has been 97.6%. Home Appreciation in Memphis (zip 38115) is up 15.0%.

Average Age of Homes

- The median age of Memphis (zip 38115) real estate is 38 years old

The Rental Market in Memphis (zip 38115)

- Renters make up 62.8% of the Memphis (zip 38115) population
- 9.8% of houses and apartments in Memphis (zip 38115), 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
	19,107.0	139,647,020.0
	42	42
	$163,400	$338,100
	15.0%	16.6%
	61.1%	57.0%
	97.6%	101.1%
	$12.51	$10.98
	$1,601	$2,690
	20.3%	57.4%
	14.4%	11.2%
	65.3%	31.4%
Vacant Housing
	9.8%	1.9%
	0.3%	0.4%
	0.3%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	4.0%	4.1%
Value of Owner-Occupied Housing
	1.5%	2.6%
	3.9%	2.4%
	5.5%	2.8%
	14.6%	3.9%
	25.1%	4.5%
	37.5%	11.3%
	7.1%	13.0%
	3.4%	20.1%
	1.3%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.6%	13.6%
	3.6%	13.6%
	11.5%	13.6%
	29.0%	13.2%
	43.8%	14.8%
	11.5%	13.6%
	1.3%	10.0%
	0.9%	4.7%
	0.3%	12.2%

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