Median home value in zip code 38120 (Memphis, TN) is $417,565, down 0.3% year over year. Part of the Memphis, TN-MS-AR metropolitan area.

Home Value$417,565

YoY Change

-0.3%

Prices falling — better for buyers.

Affordability

Enter your income for 38120 (Memphis).

Income (annual)

Down Payment

$83,513 on $417,565

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

Out of reach42.7% of income

Need $114,343/yr to afford.

PITI$2,668

P/I42.7%

Afford$274K

Gap-$144K

P&I $2,111Tax $390Ins $167

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

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

Metro Analysis

38120 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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