Median home value in zip code 38068 (Somerville, TN) is $296,359, up 3.9% year over year. Part of the Memphis, TN-MS-AR metropolitan area.

Home Value$296,359

YoY Change

+3.9%

Prices rising — worse for buyers.

Affordability

Enter your income for 38068 (Somerville).

Income (annual)

Down Payment

$59,272 on $296,359

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

Stretch31.1% of income

Above 28% but manageable with cuts.

PITI$1,942

P/I31.1%

Afford$267K

Gap-$29K

P&I $1,499Tax $277Ins $167

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

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

Metro Analysis

38068 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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