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market report · 38109
Memphis, TN · 38109
79 active listings$109,900 median ask$1,459 est. rent1.3% price/rent
$109,900
Median list price
$1,459/mo
Estimated rent
1.3%
Price / rent ratio
79
Listings
FHFA home price index · 2016–2025
109% cumulative change over the window. Source: FHFA ZIP-level HPI.
$1.28
Median rent / sqft
75 comps
$98.59
Median sold / sqft
75 comps
—
Walkability
4.3%
Area unemployment
BLS LAUS
Median household income $37,496 · median home value $80,400 · ACS 2024.
Natural-hazard risk Very High (FEMA NRI score 99).
14 schools within ~4 km of the ZIP centroid.
top deals · highest rent-to-price
748 King Rd, Memphis, TN 38109
Memphis, TN
$19,500$964/mo4.9%
2065 Farrington Ave, Memphis, TN 38109
Memphis, TN
$22,000$966/mo4.4%
2068 Benford Ave, Memphis, TN 38109
Memphis, TN
$44,900$1,682/mo3.7%
175 E Brooks Rd, Memphis, TN 38109
Memphis, TN
$45,000$1,602/mo3.6%
243 First Ave, Memphis, TN 38109
Memphis, TN
$39,900$1,406/mo3.5%
2003 Kansas St, Memphis, TN 38109
Memphis, TN
$44,000$1,243/mo2.8%