Zip 38126 (Memphis, TN) Housing

The housing market in 38126 Memphis, TN is thriving. The median value of homes in this area is $60,100, significantly lower than the US median value of $338,100. However, the one year appreciation rate for houses in 38126 Memphis is 15.04%, higher than the US average of 8.27%. This indicates that the housing market in this area is growing quickly and could be a great investment opportunity for those looking to buy or sell real estate.

The median home cost in Memphis (zip 38126) is $60,100. Home appreciation the last 10 years has been 97.6%. Home Appreciation in Memphis (zip 38126) is up 15.0%.

Average Age of Homes

- The median age of Memphis (zip 38126) real estate is 58 years old

The Rental Market in Memphis (zip 38126)

- Renters make up 58.4% of the Memphis (zip 38126) population
- 3.4% of houses and apartments in Memphis (zip 38126), 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
	2,854.0	139,647,020.0
	38	42
	$60,100	$338,100
	15.0%	16.6%
	61.1%	57.0%
	97.6%	101.1%
	$12.51	$10.98
	$781	$2,690
	10.5%	57.4%
	15.2%	11.2%
	74.3%	31.4%
Vacant Housing
	3.4%	1.9%
	0.7%	0.4%
	0.0%	0.7%
	0.7%	0.4%
	0.0%	3.6%
	10.3%	4.1%
Value of Owner-Occupied Housing
	22.3%	2.6%
	19.7%	2.4%
	26.3%	2.8%
	12.3%	3.9%
	7.7%	4.5%
	5.7%	11.3%
	1.7%	13.0%
	0.0%	20.1%
	2.3%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	2.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	19.6%	13.6%
	19.6%	13.6%
	3.2%	13.6%
	3.5%	13.2%
	4.9%	14.8%
	3.2%	13.6%
	16.9%	10.0%
	17.8%	4.7%
	5.2%	12.2%

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