Median home value in zip code 38117 (Memphis, TN) is $260,719, down 1.6% year over year. Part of the Memphis, TN-MS-AR metropolitan area.

Home Value$260,719

YoY Change

-1.6%

Prices falling — better for buyers.

Affordability

Enter your income for 38117 (Memphis).

Income (annual)

Down Payment

$52,144 on $260,719

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

Affordable27.6% of income

Under the 28% guideline.

PITI$1,728

P/I27.6%

Afford$264K

Room+$3K

P&I $1,318Tax $243Ins $167

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

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

Metro Analysis

38117 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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