Zip 38133 (Memphis, TN) Housing

The housing median value in 38133 Memphis, TN is $271,200, which is significantly lower than the US housing median value of $338,100. However, the house appreciation in 38133 Memphis, TN for the past year has been 15.04%, much higher than the US house appreciation rate of 8.27%. This suggests that there is potential for investment and growth in the area's housing market in comparison to other areas throughout the United States.

The median home cost in Memphis (zip 38133) is $271,200. Home appreciation the last 10 years has been 97.6%. Home Appreciation in Memphis (zip 38133) is up 15.0%.

Average Age of Homes

- The median age of Memphis (zip 38133) real estate is 26 years old

The Rental Market in Memphis (zip 38133)

- Renters make up 25.7% of the Memphis (zip 38133) population
- 0.0% of houses and apartments in Memphis (zip 38133), 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
	7,970.0	139,647,020.0
	30	42
	$271,200	$338,100
	15.0%	16.6%
	61.1%	57.0%
	97.6%	101.1%
	$13.72	$10.98
	$2,436	$2,690
	69.6%	57.4%
	2.6%	11.2%
	27.8%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.6%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	2.0%	4.1%
Value of Owner-Occupied Housing
	4.8%	2.6%
	0.8%	2.4%
	0.9%	2.8%
	2.9%	3.9%
	3.4%	4.5%
	26.0%	11.3%
	17.1%	13.0%
	25.8%	20.1%
	12.3%	13.6%
	4.5%	8.3%
	1.5%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.9%	13.6%
	8.9%	13.6%
	32.6%	13.6%
	27.2%	13.2%
	14.2%	14.8%
	32.6%	13.6%
	2.4%	10.0%
	0.2%	4.7%
	1.5%	12.2%

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