Median home value in zip code 38108 (Memphis, TN) is $70,324, down 9.5% year over year. Part of the Memphis, TN-MS-AR metropolitan area.

Home Value$70,324

YoY Change

-9.5%

Prices falling — better for buyers.

Affordability

Enter your income for 38108 (Memphis).

Income (annual)

Down Payment

$14,065 on $70,324

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

Affordable9.4% of income

Under the 28% guideline.

PITI$588

P/I9.4%

Afford$209K

Room+$139K

P&I $356Tax $66Ins $167

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

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

Metro Analysis

38108 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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