Median home value in zip code 38119 (Memphis, TN) is $289,273, down 0.6% year over year. Part of the Memphis, TN-MS-AR metropolitan area.

Home Value$289,273

YoY Change

-0.6%

Prices falling — better for buyers.

Affordability

Enter your income for 38119 (Memphis).

Income (annual)

Down Payment

$57,855 on $289,273

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

Stretch30.4% of income

Above 28% but manageable with cuts.

PITI$1,899

P/I30.4%

Afford$267K

Gap-$23K

P&I $1,463Tax $270Ins $167

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

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

Metro Analysis

38119 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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