Median home value in zip code 38127 (Memphis, TN) is $91,953, down 5.4% year over year. Part of the Memphis, TN-MS-AR metropolitan area.

Home Value$91,953

YoY Change

-5.4%

Prices falling — better for buyers.

Affordability

Enter your income for 38127 (Memphis).

Income (annual)

Down Payment

$18,391 on $91,953

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

Affordable11.5% of income

Under the 28% guideline.

PITI$717

P/I11.5%

Afford$224K

Room+$132K

P&I $465Tax $86Ins $167

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

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

Metro Analysis

38127 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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