Memphis (38016) has an estimated 43,079 residents with 42,940 of those people in approximately 17,677 housing units. The 38016 zipcode contains 9,527 housing units that are owned with a mortgage or a loan, 1,605 housing units that are owned free and clear and 6,545 housing units that are renter occupied.

In Memphis (38016) the median listing price of $199,925 has inreased by $2,175 since 2018-10.

In 2018 the average percentage drop was 1.78% of original listing price.

99 homes were sold in 2018-11 in Memphis, TN (38016).
This monthly number has inreased by 6 from the previous month.

Zip code 38016 is in the Memphis metropolitan area.
The median estimated home value in Memphis, TN (38016) is $186,900 as of 2018-10-31

The Zillow Market Health Index for Memphis, TN (38016) is 1.36. The corresponding state value is 6.67. This is significantly lower than the overall Market Health Index of Tennessee.
Metro value is 1.81.
This is lower than the overall Market Health Index of Memphis.

Current Weather in Memphis Created 17 Apr 10:54 am CDT in Memphis, TN
	Slight Chance Sprinkles A slight chance of sprinkles. Mostly cloudy, with a high near 78. South wind around 15 mph.