Zip 38119 (Memphis, TN) Housing

The housing market in 38119 Memphis, TN is appreciating faster than the national average. According to the data, the median value for homes in this area is $279,600, compared to the US median of $338,100. Furthermore, while the US 1 year house appreciation rate is 8.27%, the rate of appreciation for houses in 38119 Memphis, TN is 15.04%. This indicates that the current market in this area is highly favorable to buyers and sellers alike.

The median home cost in Memphis (zip 38119) is $279,600. Home appreciation the last 10 years has been 97.6%. Home Appreciation in Memphis (zip 38119) is up 15.0%.

Average Age of Homes

- The median age of Memphis (zip 38119) real estate is 40 years old

The Rental Market in Memphis (zip 38119)

- Renters make up 39.3% of the Memphis (zip 38119) population
- 3.0% of houses and apartments in Memphis (zip 38119), 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
	10,702.0	139,647,020.0
	42	42
	$279,600	$338,100
	15.0%	16.6%
	61.1%	57.0%
	97.6%	101.1%
	$12.51	$10.98
	$3,573	$2,690
	54.1%	57.4%
	6.6%	11.2%
	39.3%	31.4%
Vacant Housing
	3.0%	1.9%
	0.0%	0.4%
	1.8%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	1.8%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.6%	2.4%
	0.1%	2.8%
	1.3%	3.9%
	4.5%	4.5%
	14.6%	11.3%
	18.0%	13.0%
	34.3%	20.1%
	12.8%	13.6%
	7.0%	8.3%
	4.7%	9.7%
	1.7%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.6%	0.2%
	7.0%	13.6%
	7.0%	13.6%
	12.4%	13.6%
	20.2%	13.2%
	28.1%	14.8%
	12.4%	13.6%
	5.9%	10.0%
	0.8%	4.7%
	0.4%	12.2%

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