Zip 38117 (Memphis, TN) Housing

The median value of housing in 38117 Memphis, TN is $288,800, which is lower than the US house median value of $338,100. However, the one year house appreciation in 38117 Memphis is 15.04%, which is higher than the US average of 8.27%. This means that 38117 Memphis has seen a greater increase in housing values over the past year than the rest of the country. These trends indicate that housing in this area may be an attractive investment opportunity for potential buyers or investors.

The median home cost in Memphis (zip 38117) is $288,800. Home appreciation the last 10 years has been 97.6%. Home Appreciation in Memphis (zip 38117) is up 15.0%.

Average Age of Homes

- The median age of Memphis (zip 38117) real estate is 59 years old

The Rental Market in Memphis (zip 38117)

- Renters make up 17.8% of the Memphis (zip 38117) population
- 2.4% of houses and apartments in Memphis (zip 38117), 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
	12,195.0	139,647,020.0
	63	42
	$288,800	$338,100
	15.0%	16.6%
	61.1%	57.0%
	97.6%	101.1%
	$15.38	$10.98
	$3,465	$2,690
	74.2%	57.4%
	6.3%	11.2%
	19.5%	31.4%
Vacant Housing
	2.4%	1.9%
	0.6%	0.4%
	0.9%	0.7%
	0.1%	0.4%
	0.0%	3.6%
	2.2%	4.1%
Value of Owner-Occupied Housing
	0.4%	2.6%
	0.3%	2.4%
	2.2%	2.8%
	1.8%	3.9%
	6.5%	4.5%
	15.8%	11.3%
	16.4%	13.0%
	21.6%	20.1%
	10.9%	13.6%
	8.4%	8.3%
	8.3%	9.7%
	4.9%	3.9%
	1.1%	2.2%
	0.7%	0.8%
	0.8%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.4%	13.6%
	4.4%	13.6%
	2.6%	13.6%
	5.5%	13.2%
	11.9%	14.8%
	2.6%	13.6%
	55.4%	10.0%
	3.0%	4.7%
	1.7%	12.2%

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