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market report · 38115
Memphis, TN · 38115
19 active listings$71,500 median ask$1,509 est. rent2.1% price/rent
$71,500
Median list price
$1,509/mo
Estimated rent
2.1%
Price / rent ratio
19
Listings
FHFA home price index · 2016–2025
117.3% cumulative change over the window. Source: FHFA ZIP-level HPI.
$1.15
Median rent / sqft
19 comps
$74.09
Median sold / sqft
19 comps
—
Walkability
4.3%
Area unemployment
BLS LAUS
Median household income $45,636 · median home value $145,400 · ACS 2024.
Natural-hazard risk Very High (FEMA NRI score 100).
27 schools within ~4 km of the ZIP centroid.
top deals · highest rent-to-price
2800 Mojave Pl, Memphis, TN 38115
Memphis, TN
$40,000$1,316/mo3.3%
2800 Clarke Rd, Memphis, TN 38115
Memphis, TN
$39,500$1,208/mo3.1%
5655 Encino Cv, Memphis, TN 38115
Memphis, TN
$40,000$1,222/mo3.1%
2829 Sonora Dr, Memphis, TN 38115
Memphis, TN
$40,000$1,107/mo2.8%
3341 Kirby Trees Pl, Memphis, TN 38115
Memphis, TN
$71,500$1,857/mo2.6%
5660 Los Gatos Dr, Memphis, TN 38115
Memphis, TN
$40,000$1,004/mo2.5%