Median home value in zip code 38104 (Memphis, TN) is $252,480, down 4.3% year over year. Part of the Memphis, TN-MS-AR metropolitan area.

Home Value$252,480

YoY Change

-4.3%

Prices falling — better for buyers.

Affordability

Enter your income for 38104 (Memphis).

Income (annual)

Down Payment

$50,496 on $252,480

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

Affordable26.9% of income

Under the 28% guideline.

PITI$1,679

P/I26.9%

Afford$263K

Room+$11K

P&I $1,277Tax $236Ins $167

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

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

Metro Analysis

38104 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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