Median home value in zip code 38115 (Memphis, TN) is $163,247, down 1.9% year over year. Part of the Memphis, TN-MS-AR metropolitan area.

Home Value$163,247

YoY Change

-1.9%

Prices falling — better for buyers.

Affordability

Enter your income for 38115 (Memphis).

Income (annual)

Down Payment

$32,649 on $163,247

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

Affordable18.3% of income

Under the 28% guideline.

PITI$1,144

P/I18.3%

Afford$250K

Room+$86K

P&I $825Tax $152Ins $167

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

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

Metro Analysis

38115 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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