Median home value in zip code 38106 (Memphis, TN) is $57,108, down 5.6% year over year. Part of the Memphis, TN-MS-AR metropolitan area.

Home Value$57,108

YoY Change

-5.6%

Prices falling — better for buyers.

Affordability

Enter your income for 38106 (Memphis).

Income (annual)

Down Payment

$11,422 on $57,108

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

Affordable8.1% of income

Under the 28% guideline.

PITI$509

P/I8.1%

Afford$196K

Room+$139K

P&I $289Tax $53Ins $167

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

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

Metro Analysis

38106 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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