Zip 38141 (Memphis, TN) Housing

The housing market in 38141 Memphis, TN is showing strong growth with a median value of $193,300. This is significantly lower than the US house median value of $338,100, yet the 1 year house appreciation in 38141 Memphis, TN is 15.04%, compared to 8.27% for the US as a whole. This indicates that the housing market in 38141 Memphis, TN is outperforming the national average and could be an attractive option for potential home buyers looking for a good investment.

The median home cost in Memphis (zip 38141) is $193,300. Home appreciation the last 10 years has been 97.6%. Home Appreciation in Memphis (zip 38141) is up 15.0%.

Average Age of Homes

- The median age of Memphis (zip 38141) real estate is 32 years old

The Rental Market in Memphis (zip 38141)

- Renters make up 25.3% of the Memphis (zip 38141) population
- 3.8% of houses and apartments in Memphis (zip 38141), 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
	8,328.0	139,647,020.0
	36	42
	$193,300	$338,100
	15.0%	16.6%
	61.1%	57.0%
	97.6%	101.1%
	$13.49	$10.98
	$1,564	$2,690
	61.5%	57.4%
	5.6%	11.2%
	32.9%	31.4%
Vacant Housing
	3.8%	1.9%
	0.0%	0.4%
	0.7%	0.7%
	0.3%	0.4%
	0.0%	3.6%
	0.8%	4.1%
Value of Owner-Occupied Housing
	0.4%	2.6%
	0.0%	2.4%
	1.2%	2.8%
	11.9%	3.9%
	18.2%	4.5%
	47.1%	11.3%
	16.2%	13.0%
	2.6%	20.1%
	0.8%	13.6%
	0.4%	8.3%
	0.9%	9.7%
	0.0%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	1.3%	13.6%
	1.3%	13.6%
	21.6%	13.6%
	52.7%	13.2%
	19.3%	14.8%
	21.6%	13.6%
	0.0%	10.0%
	0.1%	4.7%
	0.2%	12.2%