Median home value in zip code 38023 (Drummonds, TN) is $265,789, up 1.4% year over year. Part of the Memphis, TN-MS-AR metropolitan area.

Home Value$265,789

YoY Change

+1.4%

Prices rising — worse for buyers.

Affordability

Enter your income for 38023 (Drummonds).

Income (annual)

Down Payment

$53,158 on $265,789

Example: $75,000 household income. Change it above to see your own.

Stretch28.1% of income

Above 28% but manageable with cuts.

PITI$1,759

P/I28.1%

Afford$264K

Gap-$1K

P&I $1,344Tax $248Ins $167

6.50% 30yr, 20% down, county tax + TN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

38023 is part of the Memphis, TN-MS-AR metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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