Median home value in zip code 38114 (Memphis, TN) is $72,447, down 11.3% year over year. Part of the Memphis, TN-MS-AR metropolitan area.

Home Value$72,447

YoY Change

-11.3%

Prices falling — better for buyers.

Affordability

Enter your income for 38114 (Memphis).

Income (annual)

Down Payment

$14,489 on $72,447

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

Affordable9.6% of income

Under the 28% guideline.

PITI$601

P/I9.6%

Afford$211K

Room+$139K

P&I $366Tax $68Ins $167

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

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

Metro Analysis

38114 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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