Zip 38125 (Memphis, TN) Housing

Housing in 38125 Memphis, TN is very favorable compared to the US median value. Housing Median Value in 38125 Memphis, TN is $278,000, which is significantly lower than the US House median value of $338,100. Additionally, the 1 year house appreciation rate in 38125 Memphis, TN is 15.04%, more than double the US 1 year house appreciation rate of 8.27%. This makes 38125 Memphis, TN an attractive place for people looking to invest in real estate and benefit from a substantially higher return on their investment.

The median home cost in Memphis (zip 38125) is $278,000. Home appreciation the last 10 years has been 97.6%. Home Appreciation in Memphis (zip 38125) is up 15.0%.

Average Age of Homes

- The median age of Memphis (zip 38125) real estate is 21 years old

The Rental Market in Memphis (zip 38125)

- Renters make up 33.1% of the Memphis (zip 38125) population
- 1.8% of houses and apartments in Memphis (zip 38125), 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
	15,827.0	139,647,020.0
	24	42
	$278,000	$338,100
	15.0%	16.6%
	61.1%	57.0%
	97.6%	101.1%
	$10.76	$10.98
	$1,862	$2,690
	55.2%	57.4%
	5.2%	11.2%
	39.6%	31.4%
Vacant Housing
	1.8%	1.9%
	0.2%	0.4%
	0.1%	0.7%
	0.0%	0.4%
	0.6%	3.6%
	2.5%	4.1%
Value of Owner-Occupied Housing
	0.8%	2.6%
	0.7%	2.4%
	0.7%	2.8%
	1.2%	3.9%
	2.9%	4.5%
	22.4%	11.3%
	39.3%	13.0%
	23.9%	20.1%
	4.2%	13.6%
	1.2%	8.3%
	1.4%	9.7%
	1.1%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	30.0%	13.6%
	30.0%	13.6%
	28.6%	13.6%
	20.7%	13.2%
	6.8%	14.8%
	28.6%	13.6%
	0.1%	10.0%
	0.0%	4.7%
	0.9%	12.2%

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