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market report · 38118
Memphis, TN · 38118
35 active listings$135,000 median ask$1,520 est. rent1.1% price/rent
$135,000
Median list price
$1,520/mo
Estimated rent
1.1%
Price / rent ratio
35
Listings
FHFA home price index · 2016–2025
125.6% cumulative change over the window. Source: FHFA ZIP-level HPI.
$1.12
Median rent / sqft
32 comps
$100.68
Median sold / sqft
32 comps
—
Walkability
4.3%
Area unemployment
BLS LAUS
Median household income $43,446 · median home value $107,600 · ACS 2024.
Natural-hazard risk Very High (FEMA NRI score 100).
25 schools within ~4 km of the ZIP centroid.
top deals · highest rent-to-price
3564 Wild Briar Ct, Memphis, TN 38118
Memphis, TN
$47,000$1,400/mo3%
3215 Queensgate Ave, Memphis, TN 38118
Memphis, TN
$124,500$2,465/mo2%
3248 Holly Ridge Cv, Memphis, TN 38118
Memphis, TN
$74,900$1,391/mo1.9%
4801 James Kent Ct, Memphis, TN 38118
Memphis, TN
$89,000$1,609/mo1.8%
4043 Forest View Dr, Memphis, TN 38118
Memphis, TN
$135,000$2,380/mo1.8%
4037 Forest View Dr, Memphis, TN 38118
Memphis, TN
$125,000$2,143/mo1.7%