Median home value in zip code 38112 (Memphis, TN) is $124,281, down 10.0% year over year. Part of the Memphis, TN-MS-AR metropolitan area.

Home Value$124,281

YoY Change

-10.0%

Prices falling — better for buyers.

Affordability

Enter your income for 38112 (Memphis).

Income (annual)

Down Payment

$24,856 on $124,281

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

Affordable14.6% of income

Under the 28% guideline.

PITI$911

P/I14.6%

Afford$239K

Room+$114K

P&I $628Tax $116Ins $167

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

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

Metro Analysis

38112 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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