Median home value in zip code 38122 (Memphis, TN) is $122K, down 2.6% year over year. Part of the Memphis, TN-MS-AR metropolitan area.

Full stress scores, AI analysis, and 12-month forecast: Memphis, TN-MS-AR metro →

Home Value$121,910

YoY Change

-2.6%

AFFORDABILITY

Enter your income for 38122 (Memphis).

Income (annual)

Down Payment

$24,382 on $121,910

Affordable — 14.4% of income

Under the 28% guideline.

PITI$897

P/I14.4%

Afford$238K

Room+$116K

P&I $616Tax $114Ins $167

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

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

Metro Analysis

38122 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.

View Memphis, TN-MS-AR analysis

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