Memphis (38111) has an estimated 41,742 residents with 40,135 of those people in approximately 17,203 housing units. The 38111 zipcode contains 6,266 housing units that are owned with a mortgage or a loan, 2,300 housing units that are owned free and clear and 8,637 housing units that are renter occupied.

In 2018 the average percentage drop was 3.93% of original listing price.

65 homes were sold in 2018-11 in Memphis, TN (38111).
This monthly number has declined by 17 from the previous month.

Zip code 38111 is in the Memphis metropolitan area.
The median estimated home value in Memphis, TN (38111) is $62,800 as of 2018-10-31 . Home values here have declined by 0.64%.

In Memphis, TN (38111), values have declined by -0.16 from when they peaked at $74,600 in 2007-Q1

The Zillow Market Health Index for Memphis, TN (38111) is 0.85. 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 significantly 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.