Median home value in zip code 38111 (Memphis, TN) is $129,935, down 3.1% year over year. Part of the Memphis, TN-MS-AR metropolitan area.

Home Value$129,935

YoY Change

-3.1%

Prices falling — better for buyers.

Affordability

Enter your income for 38111 (Memphis).

Income (annual)

Down Payment

$25,987 on $129,935

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

Affordable15.1% of income

Under the 28% guideline.

PITI$945

P/I15.1%

Afford$241K

Room+$111K

P&I $657Tax $121Ins $167

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

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

Metro Analysis

38111 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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