Zip 38127 (Memphis, TN) Housing

The median housing value in 38127 Memphis, TN is $83,700, which is significantly lower than the national median of $338,100. Despite this difference in median values, the area still experienced a large house appreciation over the course of the last year at 15.04%, which is well above the national average of 8.27%. This suggests that there are many positive investment opportunities in Memphis's real estate market and that it could be a great place to look for property.

The median home cost in Memphis (zip 38127) is $83,700. Home appreciation the last 10 years has been 97.6%. Home Appreciation in Memphis (zip 38127) is up 15.0%.

Average Age of Homes

- The median age of Memphis (zip 38127) real estate is 53 years old

The Rental Market in Memphis (zip 38127)

- Renters make up 40.2% of the Memphis (zip 38127) population
- 5.6% of houses and apartments in Memphis (zip 38127), 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
	17,987.0	139,647,020.0
	56	42
	$83,700	$338,100
	15.0%	16.6%
	61.1%	57.0%
	97.6%	101.1%
	$14.63	$10.98
	$979	$2,690
	37.2%	57.4%
	22.5%	11.2%
	40.2%	31.4%
Vacant Housing
	5.6%	1.9%
	2.4%	0.4%
	0.3%	0.7%
	0.3%	0.4%
	0.3%	3.6%
	13.6%	4.1%
Value of Owner-Occupied Housing
	4.4%	2.6%
	9.4%	2.4%
	25.7%	2.8%
	30.4%	3.9%
	14.3%	4.5%
	7.3%	11.3%
	3.4%	13.0%
	3.2%	20.1%
	0.5%	13.6%
	0.6%	8.3%
	0.2%	9.7%
	0.2%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.8%	13.6%
	3.8%	13.6%
	4.3%	13.6%
	8.0%	13.2%
	18.2%	14.8%
	4.3%	13.6%
	26.8%	10.0%
	3.6%	4.7%
	2.7%	12.2%

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